Pennzoil-Quaker State Company Sells Packaging Plant in San Antonio, Texas

    HOUSTON, Jan. 22 Pennzoil-Quaker State Company
announced today that it has signed a definitive agreement to sell its
San Antonio, Texas packaging plant to Warren Oil Company of Dunn, North
Carolina.
    The San Antonio facility, one of several assets that Pennzoil-Quaker State
Company concluded were not strategic to its long-term goals, has operated as a
blending and packaging facility since the formation of Pennzoil-Quaker State
Company in late 1998.  The plant formulates and supplies lubricants to the
Southwestern market.  In addition to the packaging plant, Warren Oil Company
is purchasing the marketing rights and product technology for several of the
Pennzoil-Quaker State Company non-strategic brands and the transfer of certain
private label contracts.
    Warren Oil Company is a privately held corporation with corporate offices
in Dunn, North Carolina.  The firm currently operates blending and packaging
facilities in Dunn, North Carolina and Benton, Alabama.  The Company owns
17 registered trademarks for generic brands of lubricants and produces more
than 25 private label oils for various corporations throughout the United
States.  For more information about Warren Oil Company, visit its web site at
http://www.warrenoil.com/.
    Irvin Warren, owner of the company said today, "Through the acquisition of
this Texas based Pennzoil-Quaker State Company plant, we now have better
logistics and greater capacities to more efficiently service customers
throughout the Unites States, in the mass merchandiser, auto parts, hardware,
home improvement, grocery, drug and convenience store markets."  The company
also exports to more than 14 foreign countries.
    Pennzoil-Quaker State Company is a leading worldwide automotive consumer
products company, marketing over 1,300 products with 20 leading brands in more
than 50 countries.  The company markets Pennzoil(R) and Quaker State(R) brand
motor oils, the number one and number two selling motor oils in the United
States.  Jiffy Lube, a wholly owned subsidiary of Pennzoil-Quaker State
Company, is the world's largest fast lube operator and franchiser.  For more
information about Pennzoil-Quaker State Company, visit its web site at
http://www.pennzoil-quakerstate.com/.