Holly Corporation is still subject to environmental matters regarding the Cut Bank Hill site in Montana.
Prior to the sale by Holly Corporation of the Montana Refining Company assets in 2006, MRC, along with other companies was the subject of several…
Holly Corporation is subject to a notice of violation regarding breaches at the Tulsa Refinery East and West facilities.
The Company’s subsidiary, Holly Refining & Marketing Tulsa LLC (HRM Tulsa) received a notification from the Oklahoma Department of Environmental Quality (ODEQ)…
Holly Corporation expended US$1.1 million for the three months ended March 31, 2011 (US$1.4 million for the three months ended March 31, 2010) for environmental remediation obligations.
The accrued environmental liability reflected in the consolidated balance sheets was US$25 million at…
Holly Corporation’s Holly Refining & Marketing Tulsa LLC (HRM- Tulsa) subsidiary is party to parallel Oklahoma administrative and state district court proceedings involving a challenge to the terms of the Oklahoma Department of Environmental Quality (ODEQ) permit that governs the…
Holly Corporation expended US$100,000 for the three months ended June 30, 2010 and US$1.6 million for the three months ended June 30, 2009, and US$1.5 million for the six months ended June 30, 2010 and US$4.1 million for the six…
Holly Corporation’s accrued environmental liability was US$30.1 million at June 30, 2010 and US$30.4 million at Dec. 31, 2009, of which US$23.6 million at June 30, 2010 and US$24.2 million at Dec. 31, 2009 were classified as other long-term liabilities.
These…
Holly Corporation’s former unit, Montana Refining Company (MRC), is involved in the U.S. Environmental Protection Agency’s and the Montana Department of Environmental Quality’s environmental claims at the Cut Bank Hill site in Montana.
Prior to the sale by the Company of…
Holly Corporation’s subsidiary, Holly Refining & Marketing Tulsa LLC (HRM Tulsa) is party to parallel Oklahoma administrative and state district court proceedings involving a challenge, originally filed by Sunoco, Inc. (R&M), to the terms of the Oklahoma Department of Environmental…
Holly Corporation’s subsidiary, Navajo Refining Company, L.L.C., continues to be in negotiations with the New Mexico Environment Department (NMED) on environmental matters concerning the refinery at Artesia, N.M.
In October 2008, the NMED issued an Amended Notice of Violation and Proposed…
Holly Corporation expended US$1.6 million for environmental remediation obligations for the three months ended June 30, 2009, compared with US$400,000 for the three months ended June 30, 2008.
The Company expended US$4.1 million for environmental remediation obligations the six months ended…