Par Pacific Holdings is a Houston-based American

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...

and

gas Gas is a state of matter that has neither a fixed volume nor a fixed shape and is a compressible fluid. A ''pure gas'' is made up of individual atoms (e.g. a noble gas like neon) or molecules of either a single type of atom ( elements such as ...

exploration and production company. Known as Par Petroleum Corporation after it emerged from bankruptcy, it was renamed Par Pacific Holdings on October 20, 2015. it was a

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corporation. Par Pacific Holdings, Inc., a company whose headquarters are in Houston, Texas, owns operations in oil and production and midstream operations. Par Pacific owns the largest operating refinery in Hawaii which has a 94,000-bpd capacity, this distributes to 90 proprietary and additional independent retail locations under the Hele and 76 brands. In Wyoming, Par Pacific owns a refinery and pipelines which bring crude oil and distributes refined products. Par Pacific also owns 42.3% of Laramie Energy, LLC which has natural gas operations and assets concentrated in the Piceance Basin in Western Colorado. In January 2024, Par Pacific's refineries in Washington and Wyoming received ENERGY STAR certification from the

Environmental Protection Agency Environmental Protection Agency may refer to the following government organizations: * Environmental Protection Agency (Queensland), Australia * Environmental Protection Agency (Ghana) * Environmental Protection Agency (Ireland) * Environmenta ...

(EPA). These are the first

ENERGY STAR Energy Star (trademarked ENERGY STAR) is an Efficient energy use, energy-efficiency program established in 1992. It is administered by the U.S. Environmental Protection Agency (EPA) in partnership with the U.S. Department of Energy (DOE). The EPA ...

certifications for both refineries. Par Pacific's Washington refinery achieved the lowest carbon intensity of any refinery in the world, according to the Solomon Energy Intensity Index. Will Monteleone will succeed William Pate as

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

at the 2024

annual general meeting An annual general meeting (AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required ...

. Monteleone will also become President of the company, a decision that has already been approved. Both executives will continue to serve as members of the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

Hawaii operations

On 19 December 2018, Par Pacific completed the $45 million sale from Island Energy Services (IES) of the 94,000-b/sd crude and vacuum distillation refinery known as ''Par East'' at the Campbell Industrial Park in

Kapolei Kapolei () is a planned community in the City and County of Honolulu, Hawaiʻi, United States, on the island of Oʻahu. In 1977, the government designated it as the "second city" of Oʻahu, in relation to Honolulu. For statistical purposes, ...

Hawaii Hawaii ( ; ) is an island U.S. state, state of the United States, in the Pacific Ocean about southwest of the U.S. mainland. One of the two Non-contiguous United States, non-contiguous U.S. states (along with Alaska), it is the only sta ...

, and existing stocks of petroleum products. The Par East refinery at Kapolei is operated by Par Hawaii Refining, Inc., which is led by president Jimmy Yates and is a subsidiary of Par Pacific. Par Pacific expected to hire 20 additional employees along with 65 IES workers. IES will continue to own and maintain the Kapolei offshore mooring terminal and provide logistical support of petroleum products to Hawaii Electric Light Co., Maui Electric Co., Hawaiian Electric Co., and Kauai Island Utility Cooperative. According to IES CEO Jon Mauer in 2018, IES will continue to supply petroleum products to its existing 56

Texaco Texaco, Inc. ("The Texas Company") is an American Petroleum, oil brand owned and operated by Chevron Corporation. Its flagship product is its Gasoline, fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an Independ ...

-branded stations from its current network of local and global suppliers and will bring on line additional stations including a new one in Kapolei. During 2018, approximately eight cargoes of Minas crude from

Riau Riau (Jawi script, Jawi: ) is a Provinces of Indonesia, province of Indonesia. It is located on the central eastern coast of the island of Sumatra, and extends from the eastern slopes of the Barisan Mountains to the Malacca Strait, including s ...

Sumatra Sumatra () is one of the Sunda Islands of western Indonesia. It is the largest island that is fully within Indonesian territory, as well as the list of islands by area, sixth-largest island in the world at 482,286.55 km2 (182,812 mi. ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

were shipped to Hawaii through third parties on term offtake agreements with Indonesia's

Pertamina PT Pertamina (Persero) is an Indonesian state-owned oil and natural gas corporation, headquartered in Jakarta. It was created in August 1968 by the merger of ''Pertamin'' (established 1961) and ''Permina'' (established in 1957). In 2020, the ...

or field operator PT Chevron Pacific Indonesia (CPI), but the shipments from Indonesia to the Kapolei Refinery were terminated under Par Pacific in 2019. In March 2022, the Kapolei Refinery received about a quarter of its crude from

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. Following the 8 March 2022 announcement by President Biden of a ban of Russian oil, liquified natural gas, and coal imported into the United States due to the invasion of Ukraine, Par Pacific announced that it would obtain non-Russian sources for its West

Oahu Oahu (, , sometimes written Oahu) is the third-largest and most populated island of the Hawaiian Islands and of the U.S. state of Hawaii. The state capital, Honolulu, is on Oahu's southeast coast. The island of Oahu and the uninhabited Northwe ...

oil refinery. Between August and December 2021, the refinery received one shipment of approximately 700,000 barrels from the Russian Far East. To replace the Russian sources, Par Pacific announced that it would source from North America and South America.

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References

{{reflist 2015 establishments in Texas Companies based in Houston