HollyFrontier 2014 Annual Report Download - page 23

Table of Content
15
Years Ended December 31,
2014 2013 2012
Rocky Mountain Region (Cheyenne and Woods Cross Refineries)
Sales of produced refined products:
Gasolines 56% 56% 55%
Diesel fuels 33% 30% 32%
Jet fuels —% 1% —%
Fuel oil 1% 1% 2%
Asphalt 5% 5% 5%
LPG and other 5% 7% 6%
Total 100% 100% 100%
Crude Oil and Feedstock Supplies
Crude oil is transported to the Cheyenne Refinery from suppliers in Canada, Colorado, Nebraska, North Dakota and Montana via
common carrier pipelines owned by Kinder Morgan, Plains and Suncor Energy, as well as by truck. The Woods Cross Refinery
currently obtains crude oil from suppliers in Canada, Wyoming, Utah and Colorado as delivered via common carrier pipelines
that originate in Canada, Wyoming and Colorado. We also receive crude oil via the SLC Pipeline, a joint venture common carrier
pipeline in which HEP owns a 25% interest. Supplies of black wax crude oil are shipped via truck.
NK Asphalt Partners
We manufacture commodity and modified asphalt products at our manufacturing facilities located in Glendale, Arizona;
Albuquerque, New Mexico; Artesia, New Mexico and Catoosa, Oklahoma. Our Albuquerque and Artesia facilities manufacture
modified hot asphalt products and commodity emulsions from base asphalt materials provided by our refineries and third-party
suppliers. Our Glendale facility manufactures modified hot asphalt products from base asphalt materials provided by our refineries
and third-party suppliers. Our Catoosa facility manufactures specialty modified asphalt and commodity asphalt products. We
market these asphalt products in Arizona, New Mexico, Oklahoma, Kansas, Missouri, Texas and northern Mexico. Our products
are shipped via third-party trucking companies to commercial customers that provide asphalt based materials for commercial and
government projects.
Other Assets
We own a 50% joint venture interest in Sabine Biofuels, a 30 million gallon per year biodiesel production facility located near
Port Arthur, Texas.
HOLLY ENERGY PARTNERS, L.P.
HEP is a Delaware limited partnership that trades on the New York Stock Exchange under the trading symbol “HEP.” HEP was
formed to acquire, own and operate substantially all of the refined product pipeline and terminalling assets that support our refining
and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States.
HEP generates revenues by charging tariffs for transporting petroleum products and crude oil through its pipelines, by leasing
certain pipeline capacity to Alon, by charging fees for terminalling refined products and other hydrocarbons and by storing and
providing other services at its storage tanks and terminals. HEP does not take ownership of products that it transports or terminals;
therefore, it is not directly exposed to changes in commodity prices.
HEP's recent acquisitions (2010 through present) are summarized below:
UNEV Interest Transaction
On July 12, 2012, HEP acquired from us our 75% interest in UNEV. We received consideration consisting of $260.0 million in
cash and 1.0 million HEP common units. UNEV owns the UNEV Pipeline, a 12-inch refined products pipeline running from Salt
Lake City, Utah to Las Vegas, Nevada together with terminal facilities in Cedar City, Utah and North Las Vegas. The UNEV
Pipeline was completed in late 2011 and became operational during the first quarter of 2012.