The Energy Information Administration reviews mergers, acquisitions, and alliances by companies that are respondents to Form EIA-28 (Financial Reporting System (FRS)), or that result in a company that meets the FRS reporting criteria. The review is confined to a presentation of pertinent operating data of the companies and assets involved in the transaction. The FRS reporting criteria are one percent, or more, of U.S. crude oil and natural gas liquids, or natural gas production, or one percent, or more, of U.S. refinery crude oil distillation capacity.

On April 16, 2009, the Wall Street Journal reported ("Sunoco to Sell Refinery to Holly for $65 Million") that Sunoco Inc. agreed to sell its Tulsa, Oklahoma refinery to Holly Corporation for $65 million in cash. Although no debt was reportedly acquired by Holly, Holly did agree to make an undisclosed amount of environmental upgrade investments in the refinery. The transaction is expected to close June 1, 2009 and to move Holly from the twenty-eighth-largest domestic refiner at the outset of 2008 to the eighteenth-largest refiner, and the fifth-largest non-vertically integrated, publicly traded U.S. refiner.   The acquisition provides Holly with a midwestern presence and increases its national significance.

The following links provide company-level data from various public sources to inform discussions of the Holly acquisition.   Additional information may be found on the company websites of Holly Corporation and Sunoco Inc., including the most recent annual report of Holly (PDF-format) and of Sunoco (PDF-format). 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.