Laramie Receives $55 Million Investment, Completes Piceance Acquisition

Transaction Type

Sellers

Buyers

Par Pacific Holdings Inc.

Laramie Energy Co.

Announce Date

Thu, 12/17/2015 - 12:00 PM

Post Date

Mar 9, 2016

Close Date

Tue, 03/01/2016 - 12:00 PM

Estimated Price

$157.5MM

Description

Purchased Piceance Basin properties in CO; include 89 MMcfe/d of existing production during November 2015.

Piceance Deal Reaches Escape Velocity Despite Gas’ Dead Weight

Laramie Receives $55 Million Investment, Completes Piceance Acquisition