Exhibit 99.1

          Pacific Energy Partners, L.P. Announces Pricing of
            $250 Million Principal Amount of Senior Notes

    LONG BEACH, Calif.--(BUSINESS WIRE)--June 10, 2004--Pacific Energy
Partners, L.P. (NYSE:PPX) and its newly formed subsidiary, Pacific
Energy Finance Corporation, announced today the pricing of $250
million principal amount of Senior Notes due 2014. The Senior Notes
were priced at 98.254% of par with a coupon of 7.125% to yield 7.375%
to maturity. The offering is expected to close on Wednesday, June 16,
2004.
    The Senior Notes will be offered to qualified institutional buyers
in reliance on Rule 144A and to non-U.S. persons under Regulation S.
The net proceeds from the offering will be used principally to repay
Pacific Energy Partners' $225 million senior secured term loan.
    The notes will not be registered under the Securities Act of 1933,
and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements under the Securities Act of 1933.
    This news release does not constitute an offer to sell or a
solicitation of an offer to buy these securities.
    Pacific Energy Partners, L.P. is a Delaware limited partnership
headquartered in Long Beach, California. Pacific Energy Partners is
engaged principally in the business of gathering, transporting,
storing and distributing crude oil and related products in California
and the Rocky Mountain region. Pacific Energy Partners generates
revenue primarily by transporting crude oil on its pipelines and by
leasing storage capacity. Pacific Energy Partners also buys, blends
and sells crude oil, activities that are complementary to its pipeline
transportation business.

    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 the Partnership 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 affect the Partnership's operations and financial
performance. Among the factors that could cause results to differ
materially are those risks discussed in the Partnership's filings with
the Securities and Exchange Commission, including our Annual Report on
Form 10-K for the year ended December 31, 2003.

    CONTACT: Pacific Energy Partners, L.P.
             Thomas L. Lambert, 562-728-2871
             fax: 562-728-2881