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Par Pacific Holdings Inc

Company Summary

Description

Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products. The Retail segment operates retail outlets, which sell gasoline, diesel, and retail merchandise in the island of Oahu, as well as the neighboring islands of Maui, Hawaii, and Kauai.

Website

http://www.bloomberg.com/research/stocks/private/s...

Related Entities

Recent news

  • 10/20/2022 - Par Pacific Acquiring... (subscriber access)
  • 6/18/2021 - U.S. Merchant Refiners... (subscriber access)
  • 1/15/2019 - Par Pacific Holdings... (subscriber access)
  • 2/14/2018 - Par Pacific Holdings to... (subscriber access)
  • 3/16/2017 - Wyoming Refining Starts Operations at 4 Mbbl/d Gasoline Unit

Company Transactions

Date: 5/15/2023
Type: Acquisition

BUYERS:
  • Par Pacific Holdings Inc
    • SELLERS:
  • ExxonMobil Corporation
    • ASSETS:
  • Billings Refinery
    • DETAILS:

    COST: 310 $MM

    NOTES:
    Par Pacific Holdings has signed a deal to acquire Exxon's 63 Mbbl/d Billings Refinery for $310 million, plus the hydrocarbon and other inventory which will be valued at closing. They will fund the purchase with cash on hand and availability under the credit facilities. Closing is targeted for 2Q23. The acquisition also included a 65% stake in a cogen facility and a PADD IV and V marketing & logistics network. Those assets include the 70-mile, 55 Mbbl/d Silvertip Pipeline, a 40% stake in the 750-mile, 65 Mbbl/d Yellowstone Refined Products Pipeline and seven refined products terminals.
    REGIONS:
  • Rockies

    • Date: 1/15/2019
    Type: Acquisition

    BUYERS:
  • Par Pacific Holdings Inc
    • SELLERS:
  • US Oil & Refining Co
    • DETAILS:

    COST: 358 $MM