Holly Energy Partners buys new pipeline - Dallas Business Journal:

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to similar facilities in Artesia, N.M. Holly Energy Partnersd paid $34.2 million in an all-cash transactiojn for the pipeline after finacing the acquisition throughj a revolvingcredit facility. In addition to the pipeline Holly Energy hasspent $7.9 million for pipeline infrastructure improvements between Holly's Lovington and Artesia refining facilities. “We are pleasedr that Holly Energy was able to acquirr another key logistic assetfrom Holly," said Matt chairman and CEO of Holly Corp. and Holly Energy.
"This pipelinde will support expanded volumex from the recent Navajo Refinery expansion and contribut e additional revenues for Holly Both Holly Energy and Holly are headquarteredin Dallas. Holly Energyg provides petroleum and crude oil transportatioh andstorage services. Holly Corp., which has a 41 percent ownershio interest inHolly Energy, is an independent oil refinedr and marketing company.