30 Apr 2018 CVR, HollyFrontier and Delek are all smaller refiners that could help the big industry 3 Possible Refining Takeover Targets After Marathon-Andeavor Merger His consulting firm, Houston-based Lipow Oil Associates, has HollyFrontier Corporation and Holly Energy Partners, L.P., and actual results may differ materially Canada Lubricants Acquisition, successful integration of Petro Canada Lubricants Inc.'s Only North American Group III Base Oil producer. Oil Rally Seen as Temporary as Prices Set to Fluctuate This Year Hollyfrontier likely to benefit from acquisition, election results · By Thomas Scarlett. Nov 11 15 Nov 2019 as the Chief Executive Officer and President of HollyFrontier from the merger of Holly Corporation and Frontier Oil Corporation in July 2011 4 Feb 2019 HollyFrontier anticipates the acquisition will be immediately accretive to In addition, HollyFrontier produces base oils and other specialized
During his CFO tenure, Holly joined the Fortune 500 (2008), issued its first public debt to finance a significant asset acquisition (2009), and merged with Frontier Oil
HollyFrontier Corporation, which has a refining capacity in excess of 440,000 barrels-per-day (bpd) across five refineries, serves the niche mid-continent, Rocky Mountain and southwestern refining markets and has access to growing regional domestic and Canadian crude oil supplies. DALLAS and HOUSTON, Feb. 22, 2011 /PRNewswire/ -- Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier") today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in an all-stock merger of equals transaction. The HollyFrontier Corporation is a Fortune 500 company based in Dallas, TX. HollyFrontier is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes. Michael Jennings is CEO and president of HollyFrontier, replacing George Damaris on 1 January, 2020. Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 barrels per day of base oils and other specialized lubricant products.
It's a busy Merger Monday in deal-making land and a large transaction in the refining industry came to light: Marathon Petroleum's purchase of Andeavor for $35.6 billion. The combination will create a refining giant in the U.S. with 15% of the country's capacity and little geographic overlap to upset regulators.
DALLAS and HOUSTON, Feb. 22, 2011 /PRNewswire/ -- Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier") today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in an all-stock merger of equals transaction. The HollyFrontier Corporation is a Fortune 500 company based in Dallas, TX. HollyFrontier is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes. Michael Jennings is CEO and president of HollyFrontier, replacing George Damaris on 1 January, 2020. Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 barrels per day of base oils and other specialized lubricant products. Two oil refiners, the Holly Corporation and Frontier Oil, said on Tuesday that they had agreed to an all-stock merger that gave the combined company an enterprise value of $7 billion. The combination, to be called the HollyFrontier Corporation, will create one of the biggest oil refiners, covering the Midwest, Rocky Mountains and Southwest. DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced the completion of the previously announced acquisition of Suncor Energy’s Petro-Canada Lubricants (“PCLI”) business for CAD $1.125 billion, including working capital with an estimated value of CAD $342 million. All U.S. and Canadian regulatory requirements have been received. The merged company will be called Frontier Oil Corporation and will be headquartered in Houston, Texas. Following the merger, Frontier will own five refineries with refining capacity in excess of 260,000 barrels-per-day (bpd), including several highly complex, niche refineries.
DALLAS, July 1, 2011 /PRNewswire/ -- HollyFrontier Corporation (NYSE: HFC) today announced the completion of the merger of Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier"). HollyFrontier Corporation combines two leading independent refiners to create
HOUSTON—Holly Corp. and Frontier Oil Corp. agreed to merge in a deal that company executives hope will give the two small oil refiners a leg up in a tough market. The all-stock merger, which will create a company with a combined market capitalization of about $6 billion, underscores the continued consolidation DALLAS, July 1, 2011 /PRNewswire/ -- HollyFrontier Corporation (NYSE: HFC) today announced the completion of the merger of Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier"). HollyFrontier Corporation combines two leading independent refiners to create
DALLAS and HOUSTON, Feb. 22, 2011 /PRNewswire/ -- Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier") today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in an all-stock merger of equals transaction.
He served as Executive Vice President of HollyFrontier from November 2019 through December 2019, as Executive Chairman of HollyFrontier from January 2016 until January 2017 and as the Chief Executive Officer and President of HollyFrontier from the merger of Holly Corporation (“Holly”) and Frontier Oil Corporation (“Frontier”) in July 2011 until January 2016. Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 barrels per day of base oils and other specialized lubricant products. HOUSTON—Holly Corp. and Frontier Oil Corp. agreed to merge in a deal that company executives hope will give the two small oil refiners a leg up in a tough market. The all-stock merger, which will create a company with a combined market capitalization of about $6 billion, underscores the continued consolidation DALLAS, July 1, 2011 /PRNewswire/ -- HollyFrontier Corporation (NYSE: HFC) today announced the completion of the merger of Holly Corporation (NYSE: HOC) ("Holly") and Frontier Oil Corporation (NYSE: FTO) ("Frontier"). HollyFrontier Corporation combines two leading independent refiners to create Jennings was the chief executive of Frontier Oil Corp from 2009 until its merger with Holly in July 2011 and became the first chief of the combined company. He has also served as chairman of the