---
schema_version: "secwatch.filing_event.v1"
accession: "0000821483-22-000069"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:07:18.591095+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Par Pacific to acquire ExxonMobil's Billings refinery and logistics assets for $310M base purchase price

## Summary
- Base purchase price $310M plus hydrocarbon inventory valued at closing; funded by cash on hand and existing credit lines ($495M liquidity at 9/30/22).
- Billings refinery capacity 63,000 bpd; total throughput capacity increases to ~218,000 bpd, expanding geographic diversification.
- Expects over $30M in commercial and cost synergies; transaction immediately accretive to Adjusted Net Income and Free Cash Flow per share.
- Assets include 65% cogeneration interest, 70-mile Silvertip Pipeline (55k bpd), 40% of Yellowstone pipeline (750-mile, 65k bpd), seven terminals, 4.1 MMbbls storage.
- Expected close Q2 2023 subject to customary conditions including HSR waiting period; long-term ExxonMobil-branded fuels marketing arrangement for ~300 retail locations.

## SEC filing metadata
- accession: 0000821483-22-000069
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000082148322000069/0000821483-22-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000082148322000069/parr-20221020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821483-22-000069
- JSON: https://secwatch.observer/filing/0000821483-22-000069.json
- Plain text: https://secwatch.observer/filing/0000821483-22-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.