Par Pacific’s Laramie Energy agrees to sell oil and gas assets for $485 million cash

• Par Pacific disclosed a deal for Laramie Energy to sell substantially all oil and gas assets for USD 485 million cash.
• USD 60 million is deferred to the fifth anniversary of closing; earn-outs could add up to USD 65 million.
• Par Pacific expects about USD 146 million net proceeds; USD 27.5 million of that is deferred to year five.
• Earn-outs for Par Pacific could total about USD 30 million; the transaction would end its 46% non-controlling stake.
• Closing is targeted by end-2026, subject to regulatory approvals and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Par Pacific Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-028947), on August 25, 2026, and is solely responsible for the information contained therein.