Holly Energy Partners LP (HEP) operates as a pipeline transportation company. It provides petroleum product and crude oil transportation, pipeline services, distribution terminal and storage tanks. HEP provides refined products through pipelines that include low-octane gasoline, low-sulfur diesel, propane, isobutane, butane, jet fuel and LPG. The company also operates a system of petroleum product and crude gathering pipelines, tankage, terminals, refinery processing units and loading rack facilities in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. It operates its business through refined product pipelines, intermediate product pipelines and crude pipelines. HEP is headquartered in Dallas, Texas, the US.
Headquarters
United States of America
Address
Suite 1300, 2828 N. Harwood, Dallas, Texas, 75201
Website
www.hollyenergy.com.
Telephone
1 214 8713555
No of Employees
405
Industry
Energy and Utilities
Revenue (2022)
$547.5M
Products and Services
| Services |
|---|
| Transportation Petroleum Product and Crude Oil |
| Pipeline Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into an agreement to be acquired by HF Sinclair Corporation. |
| 2022 | Acquisitions/Mergers/Takeovers | In March, the company and HollyFrontier acquired Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies for US$2.6 billion. |
| 2019 | Contracts/Agreements | In October, the company entered into a joint venture agreement with Plains All American Pipeline to launch Cushing Connect Pipeline and Terminal LLC. |
Competitor Comparison
| Key Parameters | Holly Energy Partners LP | DCP Midstream LP | Genesis Energy LP | NuStar Energy LP | Tallgrass Energy LP |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Dallas | Denver | Houston | San Antonio | Leawood |
| State/Province | Texas | Colorado | Texas | Texas | Kansas |
| No. of Employees | 405 | - | 2,111 | 1,184 | 750 |
| Entity Type | Private | Private | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael C Jennings | Chief Executive Officer; President; Chairman | Executive Board | 2022 | 57 |
| John Harrison | Senior Vice President; Treasurer; Chief Financial Officer | Senior Management | 2020 | 44 |
| Robert I. Jamieson | Chief Operating Officer; Senior Vice President | Senior Management | 2023 | 58 |
| Vaishali S. Bhatia | Senior Vice President; General Counsel; Secretary | Senior Management | 2019 | 40 |
| Larry R Baldwin | Director | Non Executive Board | 2016 | 70 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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