trending Market Intelligence /marketintelligence/en/news-insights/trending/cLpgW4xer50PvrxIAZQJHQ2 content esgSubNav
In This List

Holly Energy closes $39.5M deal for Okla. crude oil tankage from Plains affiliate

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?

Blog

ESG & Technology: Impacts and Implications


Holly Energy closes $39.5M deal for Okla. crude oil tankage from Plains affiliate

hasclosed its acquisition of crude oil tankage at 's Tulsa, Okla.,refinery from a Plains AllAmerican Pipeline LP affiliate for $39.5 million in cash, effectiveMarch 31.

Theacquisition is anticipated to yield minimum annual revenue of $6.1 million inthe first year and will be immediately accretive, according to the news release.

Holly EnergyPartners and HollyFrontier intend to enter into a 10-year throughput agreementin connection to the transaction. The agreement involves minimum quarterlyvolume commitments from HollyFrontier, the partnership said in the release.