HollyFrontier Corp.’s (HFC) aim is simple: get higher values at the bottom of the barrel.
A pair of deals is the latest step in incrementally upping the company’s take home pay.
Affiliate Holly Energy Partners LP (HEP) said Sept. 3 it has acquired a 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline of Wyoming, from an affiliate of Enbridge Inc. (ENB).
HollyFrontier also executed a dropdown to Holly Energy that gives it a stake in a refinery locked in with Cushing, Okla.
The Frontier Pipeline Co. will continue to be operated by an affiliate of MLP Plains All American Pipeline LP (PAA), which owns the remaining 50% interest.
The 296-mile crude oil line runs from Casper, Wyo., to Frontier Station, Utah. It has a 72,000 barrel per day (bbl/d) capacity. The line supplies Canadian and Rocky Mountain crudes to Salt Lake City area refiners through a connection
Crude prices improved along with the stock market, but fears still remain heading into the shoulder season.
‘The more credit that you can deal openly increases opportunity to reach a broader open market, reducing barriers and creating opportunity to get more financing liquidity to facilitate growth.’
The midstream must stay flexible in a challenging market.
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The new tolling structure provides benefits for loyal LNG shippers.
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On the verge of an LNG export era brimming with promise, North America enjoys an abundance of ambition, resources and capital to make it happen. The only thing in short supply might be customers.
EQT Midstream Partners is helping to build the Appalachian Basin into a global energy power through critical midstream infrastructu
Gas-rich East Texas bides its time, counting on Gulf Coast LNG export facilities to provide a needed lift.
EIV Capital has carved out a niche in the lower middle market by partnering with midstream companies and helping them to gro