Item 7.01. Regulation FD Disclosure.

On December 18, 2012, Holly Energy Partners, L.P. (the "Partnership") issued a press release announcing that that it has engaged URS Corporation to perform preliminary engineering, routing and cost estimates for two proposed new pipelines. A copy of the Partnership's press release is attached hereto as Exhibit 99.1 and incorporated herein in its entirety.

The information contained in, or incorporated into, this Item 7.01 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference to such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release of the Partnership issued December 18, 2012 announcing engagement of URS Corporation.*

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* Furnished herewith.