Par Pacific Completes Acquisition Of Exxonmobil Billings Refinery And Related Upper Rockies Logistics System
Acquiring Company
Par Pacific
Acquired Company
ExxonMobil
HoustonSpringEnergyOil And GasRenewable EnergyEnergyOil And GasRenewable EnergyDescription
Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it has successfully closed its previously announced acquisition of the Billings refinery and associated marketing and logistics assets (the “Billings Acquisition”) from ExxonMobil Corporation and two of its subsidiaries. The base purchase price of $310 million, including $30 million Par Pacific funded at signing, was paid with cash on hand, and hydrocarbon inventory associated with the Billings Acquisition was primarily financed by the company’s ABL credit facility.
Quick answer
Par Pacific is acquiring ExxonMobil and Upper Rockies Logistics System, announced June 1, 2023. Par Pacific is based in Houston, Texas, United States.
- How much did Par Pacific pay for ExxonMobil?
- The deal value was not disclosed.
- What does Par Pacific do?
- Par Pacific Holdings, Inc. is a growing energy company providing both renewable and conventional fuels to the western United States.
- Where are Par Pacific and ExxonMobil based?
- Par Pacific is based in Houston, Texas, United States. ExxonMobil is based in Spring, Texas, United States.
- Who are the decision-makers at Par Pacific?
- Fundz holds 1 contact at Par Pacific. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Par Pacific, and when
When Par Pacific changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired ExxonMobil?
ExxonMobil was acquired by Par Pacific, based in Houston. The deal was reported on June 1, 2023. Par Pacific Holdings, Inc. is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific is publicly traded (PARR) and operates in Energy.
When did Par Pacific acquire ExxonMobil?
Par Pacific's acquisition of ExxonMobil was reported on June 1, 2023. Par Pacific Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ExxonMobil do?
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. It is privately held, operating in Energy, and is based in Spring.
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