HollyFrontier Corporation (NYSE: HFC) today announced that planned
fourth quarter maintenance on the El Dorado and Cheyenne Distillate
Hydrotreating units and the Tulsa West Crude and Lubricants units was
complete. During the quarter, the Tulsa refinery also experienced an
unplanned shutdown of its Fluid Catalytic Cracking Unit (FCCU). Repairs
have been completed and the FCCU has successfully restarted. Extreme
weather conditions in New Mexico have also impacted crude rate at the
Navajo Refinery due to crude availability constraints. As a result of
the weather and both planned and unplanned maintenance, HollyFrontier
Corporation expects crude oil throughput for the fourth quarter 2015 to
average between 395,000 and 405,000 barrels per day.
About HollyFrontier Corporation
HollyFrontier Corporation, headquartered in Dallas, Texas, is an
independent petroleum refiner and marketer that produces high-value
light products such as gasoline, diesel fuel, jet fuel and other
specialty products. HollyFrontier operates through its subsidiaries a
135,000 barrels per stream day ("BPSD") refinery located in El Dorado,
Kansas, two refinery facilities with a combined capacity of 125,000 BPSD
located in Tulsa, Oklahoma, a 100,000 BPSD refinery located in Artesia,
New Mexico, a 52,000 BPSD refinery located in Cheyenne, Wyoming and a
31,000 BPSD refinery in Woods Cross, Utah. HollyFrontier markets its
refined products principally in the Southwest U.S., the Rocky Mountains
extending into the Pacific Northwest and in other neighboring Plains
states. A subsidiary of HollyFrontier also owns a 39% interest
(including the general partner interest) in Holly Energy Partners, L.P.
The statements in this press release relating to matters that are not
historical facts are "forward-looking statements" based on management's
beliefs and assumptions using currently available information and
expectations as of the date hereof, are not guarantees of future
performance and involve certain risks and uncertainties, including those
contained in our filings with the Securities and Exchange Commission.
Although we believe that the expectations reflected in these
forward-looking statements are reasonable, we cannot assure you that our
expectations will be correct. Therefore, actual outcomes and results
could materially differ from what is expressed, implied or forecast in
such statements. Any differences could be caused by a number of factors,
including, but not limited to, risks and uncertainties with respect to
the actions of actual or potential competitive suppliers of refined
petroleum products in the Company's markets, the demand for and supply
of crude oil and refined products, the spread between market prices for
refined products and market prices for crude oil, the possibility of
constraints on the transportation of refined products, the possibility
of inefficiencies, curtailments or shutdowns in refinery operations or
pipelines, effects of governmental and environmental regulations and
policies, the availability and cost of financing to the Company, the
effectiveness of the Company's capital investments and marketing
strategies, the Company's efficiency in carrying out construction
projects, the ability of the Company to acquire refined product
operations or pipeline and terminal operations on acceptable terms and
to integrate any future acquired operations, the possibility of
terrorist attacks and the consequences of any such attacks, general
economic conditions and other financial, operational and legal risks and
uncertainties detailed from time to time in the Company's Securities and
Exchange Commission filings. The forward-looking statements speak only
as of the date made and, other than as required by law, we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.
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Copyright Business Wire 2015
Source: Business Wire
(December 28, 2015 - 4:55 PM EST)
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