Western Refining, Northern Tier to merge

Western Refining Inc., El Paso, and Northern Tier Energy LP have entered an agreement to merge Northern Tier into Western.

Northern Tier owns a 97,800-b/sd, high-conversion refinery at St. Paul Park, Minn., operates 165 convenience stores under the SuperAmerica brand, and supports 89 franchised convenience stores under the same brand.

Western operates two refineries with combined capacity of 151,000 b/d, one in El Paso and the other in Gallup, NM.

Under a revised deal, Northern Tier unit holders are to receive $15 cash and 0.2986 of a Western share in exchange for each Northern Tier common unit (OGJ Online, Oct. 26, 2015). They have the option to select all-cash or all-stock consideration, subject to proration.

According to news reports, the transaction is worth about $2.4 billion.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...