HollyFrontier Corporation, an independent petroleum refiner, produces refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. As of December 31, 2015, the company owned and operated the El Dorado Refinery, two refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries), a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery), the Cheyenne Refinery and a refinery in Woods Cross, Utah (the Woods Cross Refinery); owned and operated HollyFrontier Asphalt Company (HFC Asphalt), which operates various asphalt terminals in Arizona, New Mexico and Oklahoma; and owned a 39% interest in Holly Energy Partners, L.P. (HEP), which includes its 2% general partner interest. Segments The company’s operations are organized into two segments, Refining and HEP. Refining This segment’s operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The company owns and operates five complex refineries having a combined crude oil processing capacity of 443,000 barrels per stream day (BPSD). Each of its refineries has the complexity to convert discounted, heavy and sour crude oils into a high percentage of gasoline, diesel and other refined products. Principal Products and Customers The company’s principal customers for gasoline include other refiners, convenience store chains, independent marketers and retailers. Diesel fuel is sold to other refiners, truck stop chains, wholesalers and railroads. Jet fuel is sold for commercial airline use. Specialty lubricant products are sold in both commercial and specialty markets. Liquid petroleum gases (LPG's) are sold to LPG wholesalers and LPG retailers. The company produces and purchases asphalt products that are sold to governmental entities, paving contractors or manufacturers. Mid-Continent Region (El Dorado and Tulsa Refineries) Facilities The El Dorado Refinery is a high-complexity coking refinery with 135,000 BPSD processing capacity and the ability to process heavy and sour crudes. The integrated refining processes at the Tulsa West and East refinery facilities provide the company with a complex refining operation having a combined crude processing rate of approximately 125,000 BPSD. The El Dorado Refinery is located on 1,100 acres south of El Dorado, Kansas and is a fully integrated refinery. The principal processing units at the El Dorado Refinery consist of crude and vacuum distillation; hydrodesulfurization of naphtha, kerosene, diesel, and gas oil streams; isomerization; catalytic reforming; aromatics recovery; catalytic cracking; alkylation; delayed coking; hydrogen production; and sulfur recovery. The Tulsa West facility is located on a 750-acre site in Tulsa, Oklahoma situated along the Arkansas River. The principal processing units at the Tulsa West facility consist of crude and vacuum distillation (with light ends recovery), naphtha hydrodesulfurization, propane de-asphalting, lubes extraction, MEK (a lube process that separates waxy oil from non-waxy oils using methyl ethyl ketone as a solvent) dewaxing, delayed coker and butane splitter units. The Tulsa East facility is located on a 466-acre site also in Tulsa, Oklahoma situated along the Arkansas River. The principal process units at the Tulsa East facility consist of crude and vacuum distillation, naphtha hydrodesulfurization, fluid catalytic cracking (FCC), isomerization, catalytic reforming, alkylation, scanfiner, diesel hydrodesulfurization and sulfur units. Markets and Competition The primary markets for the El Dorado Refinery's refined products are Colorado and the Plains States, which include the Kansas City metropolitan area. The gasoline, diesel and jet fuel produced by the El Dorado Refinery are primarily shipped via pipeline to terminals for distribution by truck or rail. The company ships product through the NuStar Pipeline Operating Partnership L.P. Pipeline to the northern Plains States,
hollyfrontier corp (HFC:New York)
2828 North Harwood
Dallas, TX 75201
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