Houston Producer Expands to Northwestern US With Purchase

November 27, 2018

 

Houston’s Par Pacific Holdings is moving into the Northwestern US oil and gas production market.

The company said Tuesday it has a $358 million deal to buy US Oil & Refining Company in Washington state.

The US Oil assets include the 39-acre, 42,000 barrel per day refinery complex in the Tacoma, Washington area, as well as nearly 3 million barrels of refined petroleum products and crude storage, a rail loading terminal and a marine terminal, according to Par Pacific, which changed its name in 2015 from Par Petroleum.