April 15, 2013 [OPIS] - HollyFrontier Corporation and Holly Energy Partners, L.P. said in a joint statement that both companies are collaborating to construct a rail facility that will enable crude oil loading and unloading near HollyFrontier's Artesia (Main St., Freeman Av.) and/or Lovington, New Mexico refining facilities.
Project completion is expected by early 2014.
The rail project, which will be connected to Holly Energy’s crude oil pipeline transportation system in southeastern New Mexico, will have an initial capacity of up to 70,000 b/d and will enable access to a variety of crude oil types including West Texas Intermediate (WTI), West Texas Sour (WTS) and Western Canadian Select (WCS).
The project will provide both additional crude oil takeaway options for producers as crude production in the region continues to grow, and an expanded set of crude oil sourcing options for HollyFrontier.
HollyFrontier owns and operates the 100,000-b/d Navajo refinery at Artesia (Main St. & Freeman Av.), N.M. Besides Navajo, HollyFrontiers owns another four other refineries in Wyoming, Kansas, Oklahoma and Utah.
