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Deer Park Refining Ltd Partnership

Company Summary

Description

Deer Park Refining Limited Partnership operates as a heavy sour crude refining company. The company was founded in 1993 and is based in Deer Park, Texas. Deer Park Refining Limited Partnership is 100% owned by Pemex as of 2022.

Related Entities

Recent news

  • 1/21/2022 - Shell Completes Sale of... (subscriber access)
  • 5/25/2021 - Shell Selling 50% Stake... (subscriber access)
  • 9/24/2019 - Shell Commences JV Deer... (subscriber access)

Company Transactions

Date: 1/15/2022
Type: Acquisition

BUYERS:
  • Pemex
  • DETAILS:

    COST: 596 $MM

    VOLUMES: 340 M Bbls/d

    NOTES:
    Shell Oil Company is selling off its 50% stake in the Deer Park Refining joint-venture to its current partner Pemex for $596 million in cash + debt. It also includes the current hydrocarbon volumes onsite, which could be valued at $250-$250 million in cash at closing.
    REGIONS:
  • Houston Ship Channel
  • Gulf Coast