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10/24/2008 Holly Energy Partners Declares Distribution Increases quarterly distribution from $0.745 to $0.755 per unit DALLAS, TX-- Holly Energy Partners, L.P. (NYSE:HEP) today announced declaration of its cash distribution, for the third quarter of 2008, of $0.755 per unit. For the prior quarter, $0.745 was distributed to unit holders. Holly Energy has increased its distribution to unitholders every quarter since becoming a public partnership in July 2004. The distribution will be paid November 14, 2008, to unit holders of record November 5, 2008. Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides transportation and terminal services to the petroleum industry, including Holly Corporation, which currently owns a 46% interest in the Partnership. The Partnership owns and operates crude and product pipelines and terminals located 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: Bruce Shaw, Senior 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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