Profile: HollyFrontier Corp (HFC)
9 Dec 2016
HollyFrontier Corporation (HollyFrontier), incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company's El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and HollyFrontier Asphalt Company (HFC Asphalt). The HEP segment involves all of the operations of HEP.
The Company's refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. HollyFrontier owns and operates approximately five complex refineries having a combined crude oil processing capacity of over 443,000 barrels per stream day. Each of its refineries has the complexity to convert discounted, heavy and sour crude oils into a high percentage of gasoline, diesel and other refined products. The Mid-Continent region includes the El Dorado and Tulsa Refineries. The El Dorado Refinery is a high-complexity coking refinery with an approximately 135,000 barrels per stream day processing capacity. The integrated refining processes at the Tulsa West and East refinery facilities provide the Company with a refining operation having a combined crude processing rate of approximately 125,000 barrels per stream day. The El Dorado Refinery is located on an approximately 1,100 acres south of El Dorado, Kansas and is an integrated refinery.
The Tulsa West facility is located on an over 750-acre site in Tulsa, Oklahoma situated along the Arkansas River. The Tulsa East facility is located on an approximately 470-acre site also in Tulsa, Oklahoma situated along the Arkansas River. The Company's products in its Mid-Continent Region (El Dorado and Tulsa Refineries) include gasolines, diesel fuels, jet fuels, fuel oil, asphalt, lubricants, and liquid petroleum gas (LPG) and other.
The Company's Southwest Region includes Navajo Refinery. The Navajo Refinery has a crude oil processing capacity of approximately 100,000 barrels per stream day, and processes sour crude oils into high-value light products, such as gasoline, diesel fuel and jet fuel. The Navajo Refinery's Artesia, New Mexico facility is located on a n approximately 560-acre site and is an integrated refinery with crude distillation, vacuum distillation, fluid catalytic cracking (FCC), residuum oil supercritical extraction (ROSE) (solvent deasphalter), hydrofluoric (HF) alkylation, catalytic reforming, hydrodesulfurization, mild hydrocracking, isomerization, sulfur recovery and product blending units. Its Artesia facility is operated in conjunction with a refining facility located in Lovington, New Mexico, approximately 65 miles east of Artesia. The Lovington facility processes crude oil into intermediate products that are transported to Artesia by means of three intermediate pipelines owned by HEP.
The Company's Rocky Mountain Region includes Cheyenne and Woods Cross Refineries. The Cheyenne and the Woods Cross Refineries have crude oil processing capacities of approximately 52,000 and 31,000 barrels per stream day, respectively. The Cheyenne Refinery processes heavy Canadian crudes, as well as local sweet crudes, such as that produced from the Bakken shale and similar resources. The Woods Cross Refinery processes regional sweet and black wax crude, as well as Canadian sour crude oils into light products.
The Company manufactures commodity and modified asphalt products at its manufacturing facilities located in Glendale, Arizona; Albuquerque, New Mexico; Artesia, New Mexico and Catoosa, Oklahoma. Its Albuquerque and Artesia facilities manufacture modified hot asphalt products and commodity emulsions from base asphalt materials provided by its refineries and third-party suppliers. Its Glendale facility manufactures modified hot asphalt products from base asphalt materials provided by its refineries and third-party suppliers. Its Catoosa facility manufactures specialty modified asphalt and commodity asphalt products. The Company markets these asphalt products in Arizona, New Mexico, Oklahoma, Kansas, Missouri, Texas and northern Mexico. Its products are shipped through third-party trucking companies to commercial customers that provide asphalt based materials for commercial and government projects.
HOLLY ENERGY PARTNERS, L.P.
HEP is a limited partnership, which owns and operates logistic assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and refinery processing units that principally support the Company's refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States and Alon USA, Inc. (Alon)'s refinery in Big Spring, Texas. HEP owns an interest in UNEV Pipeline, LLC (UNEV), the owner of a pipeline running from Woods Cross, Utah to Las Vegas, Nevada (the UNEV Pipeline) and associated product terminals; an interest in Frontier Pipeline Company, the owner of a pipeline running from Wyoming to Frontier Station, Utah (the Frontier Pipeline), and an interest in SLC Pipeline, LLC, the owner of a pipeline (the SLC Pipeline) that serves refineries in the Salt Lake City, Utah area.
2828 N Harwood St Ste 1300
DALLAS TX 75201-2174
Company Web Links
- BRIEF-Hollyfrontier Corporation announces pricing of offering of $750 million of 5.875% senior notes due 2026
- BRIEF-Hollyfrontier regular quarterly dividend of $0.33/share
- BRIEF-HollyFrontier's chairman Michael Jennings to retire
- BRIEF-HollyFrontier sees 2017 capital, turnaround spending to be $400 mln-$450 mln - conf call
- HollyFrontier profit beats as cost cutting offsets weak margins