The joint venture, named Equilon Enterprises LLC, has reachedagreement with Truax Harris Energy LLC resulting in the formationof another limited liability company, Cascade Energy LLC, whichwill manage Shell- and Texaco-branded gasoline stations throughoutOregon.

Cascade will operate 57 sites through a contract with TruaxHarris, which will provide the day to day operational management.Both Equilon and Truax Harris will each hold a 50% interest inCascade. The value of the deal was not released by the companiesand was not otherwise immediately available.

Equilon is based in Houston. It refines and markets Shell- andTexaco-branded products in 32 Western and Midwestern states andincludes Shell's and Texaco's nationwide transportation andlubricants businesses.

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