HEP
Holly Energy Partners, L.P.NYSE
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  • Mon, Sep. 19, 10:36 AM
    • Holly Energy Partners (HEP +2.1%) agrees to acquire certain Woods Cross Refinery units constructed as part of the Woods Cross expansion from HollyFrontier (HFC +1.2%) for ~$275M.
    • The companies say they will enter into 15-year tolling agreements for each respective unit containing minimum quarterly throughput commitments from HFC.
    • HEP expects the deal to be immediately accretive to unitholders and contribute towards the achievement of its 8% distribution growth target.
    | Mon, Sep. 19, 10:36 AM | 5 Comments
  • Sep. 3, 2015, 12:38 PM
    • Holly Energy Partners (HEP +0.3%) agrees to acquire Enbridge’s (ENB +2.8%) 50% stake in the Frontier Pipeline for an undisclosed amount.
    • The Frontier pipeline is a 296-mile crude oil route that runs from Casper, Wyo., to Frontier Station, Utah, and has a capacity of 72K bbl/day; the line brings Canadian and Rocky Mountain crude oils south to refineries in the Salt Lake City area.
    • Plains All American (PAA +1.5%) owns the remaining 50% interest and will continue to operate the Frontier line.
    | Sep. 3, 2015, 12:38 PM | 1 Comment