Oil & Gas Acquisitions in Montana
Showing 1 transactions.
-
- Buyer
- Par Pacific Holdings, Inc.
- Target
- ExxonMobil Billings refinery and Upper Rockies logistics system
- Seller
- ExxonMobil Corporation, Two of its subsidiaries
- Industry
- Oil & Gas
- Location
- Montana, United States
- Type
- Buyout
Par Pacific Holdings completed the acquisition of ExxonMobil's Billings refinery and related Upper Rockies marketing and logistics assets for a base purchase price of $310 million, closing June 1, 2023. The assets include the 63,000 bpd Billings refinery, a 65% interest in an adjacent cogeneration facility, multiple pipelines and terminals (including the Silvertip and an interest in the Yellowstone pipeline), and supply arrangements for ~250 Exxon/Mobil-branded retail locations.
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