Dallas-based HollyFrontier Corp. said last week it reduced capital spending forecasts for the remainder of 2021. Mike Jennings, president and CEO, said the company’s recent turnaround at its Tulsa refinery and smaller scope of work at a turnaround in progress at its Navajo refinery (100,000 b/d) near Artesia, N.M., in Eddy County have enabled it to reduce 2021 capex on turnarounds and catalysts by $30 million to $290 million-to-$320 million.
Jennings said HollyFrontier also is reducing its 2021 spending plans on renewables, including renewable diesel units in New Mexico and Wyoming and a feedstock pretreatment unit in New Mexico.