As cost structures are held…
The latest rig count report…
Before 3am on last Thursday, residents local to an oil refinery in west Tulsa reported that they heard a large explosion. According the news site, KRMG.com, the explosion caused a large fire on the diesel hydrotreater unit at the refinery.
HolyFrontier Corp., the owner of the refinery plant, said that their emergency response teams worked quickly to contain the blaze, and that the community is not at risk. They also stated that all workers at the plant have been accounted for and no one was injured.
The company does not know the cause of the explosion, and are still investigating the whole incident.
HollyFrontier is based in Dallas and operates four other refineries in Kansas, New Mexico, Utah, and Wyoming. The refinery in west Tulsa has a daily capacity of 125,000 barrels of crude oil.
By. Charles Kennedy of Oilprice.com
Charles is a writer for Oilprice.com