Par Pacific announced the acquisition of ExxonMobil Billings Refinery and Associated and Logistics Assets which is headquartered in Houston, Texas with refineries in Washington, Wyoming and Hawaii and has a capacity to produce 154,000 barrels per day.

Par Pacific announced it has signed a definitive agreement to acquire the 63,000 bpd Billings refinery for $300 million plus cost synergies, according to Par Pacific.

Par Pacific owns one of the largest energy networks in Hawaii. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 29 retail locations as well as 46-percent of Laramie Energy, LLC.

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