Investment Summary

Holly Energy Invests In UNEV Pipeline

On June 28, 2012, Holly Energy invested in oil/gas exploration company UNEV Pipeline from HF Sinclair

Investment Highlights
  • This is Holly Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Holly Energy’s 2nd transaction in the United States.
  • This is Holly Energy’s 1st transaction in New Mexico.

Investment Summary
Date 2012-06-28
Target UNEV Pipeline
Sector Oil/Gas Exploration
Investor(s) Holly Energy
Sellers(s) HF Sinclair
Deal Type Stake Purchase

Target

UNEV Pipeline

Artesia,, New Mexico, United States
UNEV Pipeline is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets.

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Investor(S) 1

Investor

Holly Energy

Dallas,, Texas, United States
Category Company
Founded 2004
Sector Energy Services and Equipment
Revenue 547M USD (2022)
DESCRIPTION

Holly Energy is a provider of petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry. Holly Energy was founded in 2004 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 1 of 2
Type (Stake Purchase) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-10 HollyFrontier - Pipeline and Tankage Assets

Dallas, Texas, United States

HollyFrontier - Pipeline and Tankage Assets comprises approximately 3.7 million barrels of hydrocarbon storage tanks; one refined products truck loading rack and one propane truck loading rack and related refined product pipeline connections;

Buy $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sinclair Oil

Salt Lake City, Utah, United States

Sinclair Oil is a vertically integrated oil company involved in all aspects of our industry – from oil and gas exploration to motor fuel distribution. Sinclair Oil has executive offices in Salt Lake City, Utah; two refineries in Wyoming; and over 1,600 branded Sinclair stations in 29 states.

Buy $1.8B

Seller(S) 1

SELLER

HF Sinclair

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees5,218
Revenue 32.0B USD (2023)
DESCRIPTION

HF Sinclair is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Stake Purchase) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-10 HollyFrontier - Pipeline and Tankage Assets

Dallas, Texas, United States

HollyFrontier - Pipeline and Tankage Assets comprises approximately 3.7 million barrels of hydrocarbon storage tanks; one refined products truck loading rack and one propane truck loading rack and related refined product pipeline connections;

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Suncor Energy - Petro-Canada Lubricants Business

Mississauga, Ontario, Canada

The Petro-Canada Lubricants plant, located in Mississauga, Ontario is the largest producer of base oils in Canada with 15,600 barrels per day of lubricant production capacity, and is the only North American producer of high margin Group III base oils. The facility is downstream integrated from base oils to finished lubricants and produces a broad spectrum of specialty lubricants and white oils which are distributed to end customers worldwide. The Petro-Canada Lubricants business will bring HollyFrontier industry leading product innovation and R&D capabilities, a global sales and distribution network and strong brand portfolio recognized globally.

Buy CA$1.1B
Mergr

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