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Holly Management & Supply Corporation company history timeline

1984

Holly sold its exploration and production company in 1984 for $55.5 million in cash.

At the same time that it jettisoned its non-refinery operations in 1984, Holly became active in another refinery operation, the Montana Refining Company (MRC). Initially a partner in the MRC, Holly eventually purchased the entire operation.

1992

But Holly also benefitted from the completion of a major $50 million expansion of its Navajo refinery from about 40,000 bpd to 60,000 bpd, which was completed in 1992.

Despite industry improvements and additional production capacity in 1992, Holly suffered its worst year in a decade from a profit standpoint.

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Founded
1984
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