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SeMces of Memd Data central <br /> • • # 11 <br /> PAGE 2 <br /> 22ND STORY of Level 1 printed in FULL format. <br /> Proprietary to the United Press International 1991 <br /> January 4, 1991 , Friday, BC cycle <br /> SECTION: Financial <br /> LENGTH: 201 words <br /> HEADLINE: Conoco buys 50 percent interest in truck stop chain <br /> DATELINE: HOUSTON <br /> KEYWORD: FLYINGJ-CONOCO <br /> BODY: <br /> Conoco Inc. has bought a 50 percent stake in the Flying J chain of 33 <br /> highway truck stops and will help fund an expansion of the chain, spokesmen for <br /> the big oil company said Friday. <br /> Terms of the deal were withheld. Flying J truck stops are located <br /> primarily in the Midwest, Southeast and Rocky Mountain states. Each includes <br /> gasoline and diesel pumps. a restaurant, a convenience store, showers and <br /> phones. <br /> Flying J is a private company based in Brigham City, Utah, and it has five <br /> locations in Texas. <br /> Spokesmen declined to say how many outlets will be added as a result of the <br /> Conoco investment, but five already are under construction. In addition, the <br /> Conoco-backed joint venture includes eight parcels of undeveloped property that <br /> eventually will be used for Flying J locations. <br /> Conoco spokesman Carlton Adams said Flying J has been one of Conoco's <br /> largest fuel buyers. Adams said the 33 stores jointly owned by the companies are <br /> expected to consume about 250 million gallons of fuel a year, most of it diesel. <br /> Under terms of the deal with Conoco, Flying J will operate the truck stops <br /> in the joint venture and both companies' names will be displayed on roadside <br /> signs. <br /> LEXIS NEXISm NEXIS <br />