Welcome to the Energy Information Administration's review of aspects of the proposed acquisition of Holly by Frontier Oil, March 31, 2003. For additional information, please call the National Energy Information Center at (202) 586-8800. Return to Energy Information's Administration Homepage



Aspects of Frontier Oil's Proposed Acquisition of Holly

Background

Two independent refiners, Frontier Oil and Holly, agreed to merge on March 31, 2003.   The merger is valued at $462 million, including Frontier's assumption of $26 million of Holly's debt.   The new company will retain the name of Frontier Oil.   Each refiner currently has two refineries, but Holly expects to close soon on the purchase a refinery from ConocoPhillips.   The crude oil distillation capacity of the resulting company, including the proposed Holly purchase, will be more than 235 thousand barrels per day nation-wide, much of which will be located in the Rocky Mountain region.

The following links provide company-level data from various public sources to inform discussions of the Frontier Oil - Holly merger.   This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

U.S. Petroleum Refining

    U.S. Crude Distillation Capacity Totals
    Regional Crude Distillation Capacity Totals

 

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration

File last modified April 2, 2003

Contact:
Larry Spancake
larry.spancake@eia.doe.gov
Fax: (202) 586-9753

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National Energy Information Center
Phone: (202) 586-8800

URL: http://www.eia.doe.gov/emeu/finance/mergers/fohindex.html

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