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01/30/2007 Holly Energy Partners Declares Distribution Increases quarterly distribution from $0.665 to $0.675 per unit DALLAS, TX -- Holly Energy Partners, L.P. (NYSE:HEP) today announced declaration of its cash distribution, for the fourth quarter of 2006, of $0.675 per unit. For the prior quarter, $0.665 was distributed to unit holders. The distribution will be paid February 14, 2007 to unit holders of record February 6, 2007. Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product transportation and terminal services to the petroleum industry, including Holly Corporation, which owns a 45% interest (including the general partner interest) in the Partnership. The Partnership owns and operates petroleum product pipelines and terminals primarily in Texas, New Mexico, Oklahoma, Arizona, Washington, Idaho and Utah. In addition, the Partnership owns a 70% interest in Rio Grande Pipeline Company, a transporter of LPGs from West Texas to Northern Mexico. FOR FURTHER INFORMATION, Contact: Stephen J. McDonnell, Vice President & Chief Financial Officer M. Neale Hickerson, Vice President, Investor Relations Holly Energy Partners 214/871-3555
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Did You Know? Henry Harley's determination and vigor saw him through the ordeal of laying a pipeline from Benninghoff Run to Shaffer on Oil Creek in 1865-66. In the face of mob rule and teamsters bent on destroying his line, he persevered, ignoring death threats and losses. More... |
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