Delek US Holdings Inc. plans a consolidated capital expenditure budget of about $350 million for 2023.
Growth capital is largely allocated toward expanding the gathering business in the Permian basin, the company said. Sustaining capital includes a planned turnaround at the 75,000-b/d Tyler, Tex. refinery in first-half 2023.
Of the $350 million capital program, refining spending is $202 million with the bulk of that coming from elevated turnaround expenses. Logistics is targeted at $81 million, mainly from spending on ongoing growth initiatives. Retail and corporate spending are relatively flat to 2022 at $31 million and $36 million, respectively.
Map from Kinder Morgan.
Photo from Imperial Oil Ltd.
