HOUSTON, June 14, 2016 /PRNewswire/ -- Acquisition Highlights . Par Pacific Holdings to Acquire Wyoming Refining and Related Logistics Assets: Will Establish Downstream Presence in the Rocky Mountains. Newcastle, WY, US, 82701 Learn about opportunities that will allow you to realize your fullest potential as you make your mark and contribute to the region's dynamic energy picture.Copyright © 2019 Par Pacific Holdings, Inc. All Right Reserved. Par Pacific owns the largest operating refinery in Hawaii which has a 94,000-bpd capacity, this distributes to 90 proprietary and additional independent retail locations under the Hele and 76 brands. "This acquisition fits perfectly with our previously disclosed acquisition strategy by utilizing our tax attributes and capital sources to build on our refining and logistics capabilities," said The Wyoming Refining facility is highly-efficient, with a Nelson Complexity Index of 11.0,In addition to the refining assets, the transaction includes the 140-mile Thunder Creek crude oil gathering system in northeast The Thunder Creek gathering system is located within 20 miles of major drilling and development areas in the Powder River Basin, where production has increased more than 200% since 2011. With proximity to this growing resource base, discounted crude oil relative to WTI is a key benefit to Wyoming Refining.
Par Pacific has refining and logistics assets in Hawaii and Wyoming and a retail distribution network in Hawaii, Idaho and Washington. In Wyoming, Par Pacific owns a refinery and pipelines which bring crude oil and distributes refined products. Par Pacific also owns an equity investment in Laramie Energy, LLC, a joint venture entity focused on producing natural gas in Garfield, Mesa and Rio Blanco Counties, Colorado. Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific") announced today that it has entered into a definitive agreement to acquire Hermes Consolidated, LLC (dba Wyoming … Our Newcastle refinery's strategic location provides access to crude and refined products markets, and is the heart of logistics operations that include 140 miles of crude gathering systems and 40 miles of refined product pipelines. One of Wyoming Refining's primary downstream markets is the Evercore acted as financial advisor to Black Elk Refining, LLC, the owner of Wyoming Refining.To view the original version on PR Newswire, visit:Will Establish Downstream Presence in the Rocky Mountains Par Pacific has an active, opportunistic growth strategy. Our Newcastle refinery's strategic location provides access to crude and refined products markets, and is the heart of logistics operations that include 140 miles of crude gathering systems and 40 miles of refined product pipelines.Find out how you can be a part of our energetic, forward-looking Wyoming Refinery team. Newcastle, WY, US, 82701 When you join Wyoming Refining company, you will: Here you can explore openings in our refining and logistics operations in northwestern Wyoming, where you can enjoy a neighborly small-town culture, historic reminders of the Old West, striking natural beauty and a low cost of living.