Exhibit 99.1


                       Pacific Energy Partners, L.P. Signs
            Pier 400 Terminal Services Agreement with ConocoPhillips

    LONG BEACH, Calif.--(BUSINESS WIRE)--Nov. 21, 2005--Pacific Energy
Partners, L.P. ("Pacific Energy") (NYSE:PPX) announced that Pacific
L.A. Marine Terminal LLC ("Pacific Marine"), a wholly-owned subsidiary
of Pacific Energy, has entered into a long-term Terminal Services
Agreement with ConocoPhillips (NYSE:COP) in connection with Pacific
Energy's Pier 400 deep water marine terminal project. ConocoPhillips
has agreed to a minimum throughput at Pier 400 of 90,000 barrels per
day ("BPD") of crude oil and other partially processed feedstocks over
a term of 20 years, with an option to extend for an additional 10
years. Pacific Marine has agreed to provide up to 1.5 million barrels
of throughput tankage, and necessary pipeline connections to
ConocoPhillips, for the term of the agreement. The agreement is
subject to Pacific Energy obtaining the required permits and approvals
to construct the facility and the execution of related agreements with
the Port of Los Angeles and the City of Los Angeles for use of a berth
area, land for the on-shore facilities and pipeline rights of way.
    The new deepwater berth is anticipated to be constructed in the
Port of Los Angeles at Berth 408 on Pier 400, along with supporting
throughput tankage on Pier 400 and Terminal Island. The terminal
facilities will be connected by pipeline to Pacific Energy's existing
distribution system to various Los Angeles area refineries. With water
depth of approximately 81 feet, the project will provide world-class
marine receipt facilities to handle some of the largest tankers in the
world, and capacity to efficiently accommodate increasing volumes of
waterborne imported crude oil and refinery feedstocks.
    The environmental permitting process is underway. Pacific Energy
expects the draft environmental impact study will be made available by
the Port and the US Army Corps of Engineers for public review in the
first quarter of 2006. Pacific Energy expects to receive all required
permits by mid 2006.
    Construction of the Pier 400 project is currently estimated to be
completed in late 2007. The project will help fill a rapidly growing
shortfall in petroleum import infrastructure needs in Los Angeles and
Southern California. It is being designed to meet stringent
environmental and safety requirements. Careful consideration is being
given to community, governmental and regulatory needs and expectations
in the Port area. The berth will be developed in a location remote
from the San Pedro and Wilmington communities, on the southwest
portion of Pier 400. Supporting throughput tankage will be developed
in the Pier 400 and Terminal Island areas. The pipeline will be
underground and will connect to other pipelines in the Port area. No
new pipelines will need to be developed in areas away from the Port.
    "With the decline of crude oil production in California, more
capacity is needed to offload waterborne crude oil. Given a projected
growth in crude oil imports to Los Angeles of approximately 450,000
barrels per day over the next ten years, we expect the Pier 400 marine
terminal to provide a substantial long-term growth component for our
West Coast Business Unit," said Irv Toole, President and Chief
Executive Officer. "Through connections with our existing system of
pipelines and storage facilities, the Pier 400 marine terminal can
provide direct connections to refineries in the Los Angeles area."
    Mr. Toole continued, "We are pleased that ConocoPhillips has
decided to become a customer of this exciting project. With the
commitment from ConocoPhillips, along with a commitment from
subsidiaries of Valero Energy Corporation last year and expected
commitments from additional customers, we expect the facility to be
nearly fully subscribed before the start of construction. We have
other business relationships with ConocoPhillips in Southern
California and in other regions of the US and Canada and we look
forward to the expanding relationship in the Los Angeles area."
    This 90,000 BPD commitment from ConocoPhillips represents about
36% of the capacity of the 250,000 BPD project. Pacific Energy's
current estimated capital cost of the project is approximately $250
million, including its predevelopment costs and capitalized interest
during the construction period. The project cost has increased from
the previous estimate of $185 million in part due to an increase from
2.5 million barrels of storage to 3.0 million barrels. Construction of
the terminal facility would be financed through a combination of new
equity and debt.

    About Pacific Energy:

    Pacific Energy Partners, L.P. is a master limited partnership
headquartered in Long Beach, California. Pacific Energy is engaged in
the business of gathering, transporting, storing and distributing
crude oil, refined products and other related products. The
Partnership generates revenues by transporting such commodities on its
pipelines, by leasing capacity in its storage facilities, and by
providing other terminaling services. The Partnership also buys and
sells crude oil, activities that are generally complementary to its
crude pipeline operations. Pacific Energy conducts its business
through two business units, the West Coast Business Unit, which
includes activities in California, and the Philadelphia, PA area, and
the Rocky Mountain Business Unit, which includes Alberta, Canada.

    This news release may include "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact included or
incorporated herein may constitute forward-looking statements.
Although Pacific Energy believes that the forward-looking statements
are reasonable, it can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks and
uncertainties that may affect Pacific Energy's operations and
financial performance. Among the factors that could cause results to
differ materially are those risks discussed in Pacific Energy's
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the year ended December 31, 2004.
    In addition, the Pier 400 project remains subject to a number of
risks unique to it, including (1) a permitting process that, even if
successful, could result in the imposition of requirements and
conditions that could adversely affect the feasibility and economic
returns expected of the project, (2) political and legal risks posed
by the interest groups and constituencies that have an interest in the
Port of Los Angeles and the project, one of which has declared its
opposition to the project, and (3) the ability of Pacific Energy to
obtain the financing necessary to construct the project, which may
depend on the ability to obtain other long term commitments from
creditworthy customers, which is not assured.

    For additional information, please visit the Pacific Energy
Partners, L.P. website at www.PacificEnergy.com.


    CONTACT: Pacific Energy Partners, L.P.
             Aubrye Harris, 562-728-2871
             Fax: 562-728-2881
             Email: Aharris@PacificEnergy.com