Par Pacific’s Laramie Energy agrees to sell oil and gas assets for $485 million cash - PARR News | RalliesPar Pacific’s Laramie Energy agrees to sell oil and gas assets for $485 million cash
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PARR• Laramie Energy agrees to sell substantially all oil and gas assets
- Par Pacific disclosed a deal for Laramie Energy to sell substantially all oil and gas assets for USD 485 million cash.
- USD 60 million is deferred to the fifth anniversary of closing; earn-outs could add up to USD 65 million.
- Par Pacific expects about USD 146 million net proceeds; USD 27.5 million of that is deferred to year five.
- Earn-outs for Par Pacific could total about USD 30 million; the transaction would end its 46% non-controlling stake.
- Closing is targeted by end-2026, subject to regulatory approvals and customary conditions.
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