(HEP) HollyFrontier and Holly Energy Team Up

Holly Energy Partners LP (HEP) and its parent company, oil refiner and marketer HollyFrontier Corporation (HFC) will jointly build a rail facility near HollyFrontier’s Lovington, N.M. refining facility. The to-be-constructed rail facility will aid in the loading and unloading of crude oil. This rail project will have an initial capacity of up to 70,000 barrels per day and be linked to Holly Energy’s crude oil pipeline transportation system in southeastern N.M. The project is anticipated to complete by early 2014. The rail facility will also allow access to a variety of crude oil types including West Texas Intermediate, West Texas Sour and Western Canadian Select. Additionally, the project will provide extra crude oil takeaway options for producers as well as an extended set of crude oil sourcing options for HollyFrontier.