Par Pacific Reports Agreement to Sell Laramie Energy Assets

05:09 PM EDT, 08/25/2026 (MT Newswires) -- Par Pacific (PARR) said late Tuesday its 46%-owned Laramie Energy has struck a deal to sell substantially all of its oil and gas assets for $485 million in cash. The firm said it expects to receive about $146 million from the deal, with about $27.5 million payable on the fifth anniversary of the closing date. The company said it is also eligible to receive up to about $30 million of earn-out payments, and will exit its investment in Laramie. The deal is expected to close by year-end.