DALLAS--(BUSINESS WIRE)--
Holly Energy Partners, L.P. (NYSE:HEP) ("Holly Energy") announces the
acquisition of a 50% interest in Frontier Pipeline Company, owner of the
Frontier Pipeline, from an affiliate of Enbridge, Inc. (NYSE:ENB). The
Frontier Pipeline will continue to be operated by an affiliate of Plains
All American Pipeline, L.P. (NYSE:PAA),
which owns the remaining 50% interest. The 296-mile crude oil pipeline,
which runs from Casper, Wyoming to Frontier Station, Utah, has a 72,000
barrel per day (bpd) capacity. The Frontier Pipeline supplies Canadian
and Rocky Mountain crudes to Salt Lake City area refiners through a
connection to the SLC Pipeline.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides
petroleum product and crude oil transportation, tankage and terminal
services to the petroleum industry, including HollyFrontier Corporation,
which currently owns a 39% interest (including a 2% general partner
interest), in the Partnership. The Partnership owns and operates
petroleum product and crude pipelines, tankage, terminals and loading
facilities located in Texas, New Mexico, Oklahoma, Arizona, Washington,
Kansas, Wyoming, Idaho and Utah. In addition, the Partnership owns a 75%
interest in UNEV Pipeline, LLC, the owner of a Holly Energy operated
refined products pipeline running from Salt Lake City, Utah to Las
Vegas, Nevada, and related product terminals, a 50% interest in Frontier
Pipeline Company, a 296-mile crude oil pipeline running from Casper,
Wyoming to Frontier Station, Utah, and a 25% interest in SLC Pipeline
LLC, a 95-mile intrastate pipeline system serving refineries in the Salt
Lake City, Utah area.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150903005085/en/
Holly Energy Partners, L.P.
Julia Heidenreich, 214-954-6511
Vice
President, Investor Relations
or
Craig Biery, 214-954-6511
Investor
Relations
Source: Holly Energy Partners, L.P.
News Provided by Acquire Media