Par Pacific Announces Laramie Energy Signs Cash Deal To Divest All Of Its Oil, Gas Assets To Third Party For $485M
Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR) ("Par Pacific" or the "Company") announced today that Laramie Energy, LLC ("Laramie Energy" or the "Seller"), in which the Company
Par Pacific's oil and gas business is being sold to someone else for $485 million. This means the company is getting money and stepping away from that part of its business, which might help it focus on other things or pay down debt.
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