United States

Profile: Holly Energy Partners LP (HEP)

HEP on New York Consolidated

16 Mar 2018
Change (% chg)

$0.51 (+1.76%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Holly Energy Partners, L.P., (HEP), incorporated on March 9, 2004, is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. The Company operates through segments, including pipelines and terminals segment and a refinery processing unit segment. As of December 31, 2016, its pipelines and terminals segment consisted of 24 main pipeline segments; Crude gathering networks in Texas and New Mexico; 10 refined product terminals; one crude terminal; 8,300 track feet of rail storage located at one facility; seven locations with truck and/or rail racks, and Tankage at all six of HollyFrontier Corporation's (HFC's) refining facility locations. As of December 31, 2016, its refinery processing unit segment consisted of five refinery processing units at two of HFC's refining facility locations. It owns and operates petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that support the refining and marketing operations of HFC in the Mid-Continent, Southwest and Northwest regions of the United States.

Pipelines and Terminals

The Company's refined product pipelines transport light refined products from HFC's Navajo refinery in New Mexico and Alon USA, Inc.'s (Alon's) Big Spring refinery in Texas to their customers in the metropolitan and rural areas of Texas, New Mexico, Arizona, Utah, and Oklahoma and from various refineries in Utah, Wyoming, and Montana (including HFC's Woods Cross refinery in Utah) to Las Vegas, Nevada and Cedar City, Utah. The refined products transported in these pipelines include conventional gasolines, federal, state and local specification reformulated gasoline, low-octane gasoline for oxygenate blending, distillates that include high- and low-sulfur diesel and jet fuel and liquefied petroleum gases (LPGs) (such as propane, butane and isobutane). Its intermediate product pipelines consist principally of three parallel pipelines that connect the Navajo refinery, Lovington and Artesia facilities. These pipelines primarily transport intermediate feedstocks and crude oil for HFC's refining operations in New Mexico. It also owns pipelines that transport intermediate product and gas between HFC's Tulsa East and West refinery facilities.

The Company's crude pipelines consist of crude oil trunk, gathering and connection pipelines located in West Texas, New Mexico, Kansas and Oklahoma that deliver crude oil to HFC's Navajo and El Dorado refineries and crude oil pipelines that support HFC's Woods Cross refinery. Its pipeline assets in mid-continent region include Tulsa, Oklahoma Interconnect Pipelines; El Dorado Crude Delivery Pipeline; Osage Pipe Line Company LLC, and Cheyenne Pipeline LLC. Its pipeline assets in southwest region include Artesia, New Mexico to El Paso, Texas; Artesia, New Mexico to Moriarty, New Mexico; Moriarty, New Mexico to Bloomfield, New Mexico; Big Spring, Texas to Abilene and Wichita Falls, Texas; Wichita Falls, Texas to Duncan, Oklahoma; Midland, Texas to Orla, Texas; Intermediate pipelines between Lovington, New Mexico and Artesia, New Mexico; Roadrunner pipeline; New Mexico and Texas crude oil pipelines, and New Mexico crude expansion pipelines. Its pipeline assets in northwest region include Utah refined product pipelines; UNEV Pipeline, LLC (UNEV) refined product pipeline; SLC Pipeline, LLC, and Frontier Aspen LLC.

The Company's refined product terminals receive products from pipelines connected to HFC's refineries and Alon's Big Spring refinery. Its refined product terminal facilities consist of multiple storage tanks and are equipped with automated truck loading equipment that operates around the clock a day. This automated system provides for control of security, allocations, and credit and carrier certification by remote input of data by its customers. In addition, all of its terminals are equipped with truck loading racks capable of providing automated blending to individual customer specifications. Its crude terminal receives crude from the Osage Pipe Line Company, LLC (Osage) pipeline.

The Company's refinery tankage consists of on-site tankage at HFC's refineries. Its terminals, loading racks and refinery tankages in mid-continent region include Cheyenne, Wyoming facility truck racks; El Dorado, Kansas crude tankage; El Dorado, Kansas facility truck racks; Tankage at HFC refinery facilities; Tulsa, Oklahoma facilities truck and rail racks, and Tulsa, Oklahoma tanks. Its terminals, loading racks and refinery tankages in southwest region include Abilene, Texas terminal, Artesia, New Mexico facility truck rack; Artesia, New Mexico railyard; Lovington, New Mexico facility asphalt truck rack; Moriarty, New Mexico terminal; Orla, Texas tank farm; Tankage at HFC refinery facilities; Tucson, Arizona terminal, and Wichita Falls, Texas terminal. Its terminals, loading racks and refinery tankages in Northwest Region include Mountain Home, Idaho terminal; Spokane, Washington Terminal; Tankage at HFC refinery facilities; UNEV terminals, and Woods Cross, Utah facility truck rack.

Refinery Processing Units

The Company's refinery processing units are integrated in HFC's El Dorado, Kansas refinery and HFC's Woods Cross, Utah refinery and are used to support their daily operations, which chemically transform crude oil into various petroleum products, including gasoline, diesel, LPGs and asphalt. Its refinery processing units are managed by refineries, including El Dorado Refinery and Woods Cross Refinery. Its El Dorado Refinery includes Naphtha Fractionation Unit-El Dorado, Kansas refinery facility, and Hydrogen Generation Unit-El Dorado, Kansas refinery facility. Its Woods Cross Refinery includes Crude Unit-Woods Cross, Utah refinery facility; Fluid Catalytic Cracking Unit (FCC)-Woods Cross, Utah refinery facility, and Polymerization Unit-Woods Cross, Utah refinery facility. The hydrogen unit primarily uses natural gas as a feedstock to produce hydrogen gas that is used in HFC's operation of its El Dorado, Kansas refinery. The polymerization unit uses the LPGs, propylene and butylene, from the FCC unit and polymerizes them into high octane gasoline blendstock using heat and catalysts.

The Company competes with Kinder Morgan.

Company Address

Holly Energy Partners LP

2828 N Harwood St Ste 1300
DALLAS   TX   75201-2174
P: +1214.8713555
F: +1302.6555049

Company Web Links