Texas Company Buys Refining Plant Near Newcastle

(Houston, TX) According to the Houston Business Journal , Houston-based Par Pacific Holdings Inc. stated today that it will acquire Hermes Consolidated LLC, which goes by Wyoming Refining Co. The $271.4 million purchase price includes Wyoming Refining's $58 million in debt. The deal closes in July. Houston's Black Elk Refining LLC is the current owner of Wyoming Refining, which includes the 18,000 barrel per day operation in Newcastle. Black Elk bought the company in 2011, one of many owners since the Newcastle plant opened in the 1930s. The sale also includes the 140-mile Thunder Creek crude oil gathering system, which runs from northern Campbell County to Douglas. You can read Par Pacific's press release here. #county17 #news