- Western Refining Logistics (NYSE:WNRL) agrees to acquire the southwest wholesale business from its sponsor Western Refining (WNR) for $360M in cash and partnership units.
- The wholesale business includes ~79K bbl/day in fuel sales to third party customers and WNR's retail locations, crude oil trucking operations in the Permian and San Juan basins, and a lubricant products distribution business.
- WNR and WNRL also plan to enter into 10-year fuel supply and crude oil trucking agreements containing certain minimum volume commitments by WNR.