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Incorporated in 1947 and headquartered in Dallas, Texas, Holly Corporation is principally an independent petroleum refiner, producing high-value light products such as gasoline, diesel fuel, and jet fuel. Holly, our parent company, owns and operates two refineries consisting of a petroleum refinery in Artesia, NM, that is operated in conjunction with crude oil and vacuum distillation and other facilities situated 65 miles away in Lovington, NM (collectively known as the "Navajo Refinery"), and a refinery in Woods Cross, UT. Navajo Refining Company, L.P., one of Holly's wholly-owned subsidiaries, owns the Navajo Refinery. With a crude capacity of 85,000 BPD, this refinery can process several sour (high sulfur) crude oils and serves markets in the southwestern U.S. and northern Mexico. In June 2003, Holly acquired the Woods Cross refining facility from ConocoPhillips. The Woods Cross Refinery, just north of Salt Lake City, has a crude capacity of 26,000 BPD and is operated by Holly Refining & Marketing Company, a wholly-owned subsidiary of Holly Corporation. This facility is a high-conversion refinery that mainly processes sweet (lower sulfur) crude oil. Along with refining, Holly also conducts a small oil and gas exploration and production program, and has sole rights for the Phillips gasoline brand until June 2012 for the states of Montana, Idaho, Utah and Wyoming. For more information about our parent company, please visit Holly Corporation on the Web at www.hollycorp.com. Page Last Updated on : 2/18/2008 |
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Did You Know? In the pre-pipeline price swings of the early 1860's crude oil fell to less than 10 cents a barrel with an empty new barrel costing up to $3.25; this imbalance brought production to a near standstill. The price then rose in 1864 to a peak of over $12 per barrel. More... |
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