Market Overview

Holly Energy Partners L.P. Reports Crude Oil Pipeline Leak


Holly Energy Partners (NYSE: HEP) announced today it experienced a pipeline leak on its crude oil gathering system in the West Texas. This system gathers crude oil in the Permian Basin for transport to nearby refineries or Midland, Texas.

The pipeline leak occurred on a 6 inch crude pipeline at HEP's Wood Station pump facility. Approximately 1,100 barrels of crude oil have been recovered from the spill. An additional volume of crude oil has been absorbed in the soil in the pump station area, and an immediately adjacent property. A remediation plan is being finalized and remediation of the affected soil is expected to commence shortly. Once the soil remediation is complete HEP does not anticipate any material environmental impact from the spill or safety risk to the public.

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