Tue, Jun. 14, 8:15 AM
- Par Pacific (NYSEMKT:PARR) agrees to acquire Wyoming Refining Co. for ~$271M, including debt.
- Wyoming Refining owns and operates the 18K bbl/day Newcastle, Wyo., refinery and related logistics assets including a 140-mile crude gathering system, 40 miles of refined product pipelines, and a jet fuel terminal in Rapid City, S.D.
- PARR expects the refinery business to generate ~$40M of annual adjusted EBITDA based on current forward crack spreads, and the logistics operations to consistently generate ~$10M of annual adjusted EBITDA.
Par Pacific Holdings, Inc. operates as an independent natural gas and oil company. The company holds interest in wide variety of energy-related assets, including natural gas assets located in the Piceance Basin. It operates through three segments: Refining, Distribution & Marketing, Natural Gas... More
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Country: United States
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