CVR Energy Inc. plans to buy Gary-Williams Energy Corp. and its Wynnewood, Okla., refinery and related assets for $525 million in a transaction expected to close by yearend.
CVR Energy Inc. plans to buy Gary-Williams Energy Corp. and its Wynnewood, Okla., refinery and related assets for $525 million in a transaction expected to close by yearend.
Closing remains subject to regulatory approvals.
CVR Energy said acquisition of the 52,500-b/cd Wynnewood refinery will increase the scale and diversity of CVR Energy's refining operations.
Based in Sugar Land, Tex., CVR Energy already owns 120,000 b/cd refinery in Coffeyville, Kan.
Gary-Williams Energy is based in Denver with marketing and operations in Oklahoma.
Paula Dittrick has covered oil and gas from Houston for more than 20 years. Starting in May 2007, she developed a health, safety, and environment beat for Oil & Gas Journal. Dittrick is familiar with the industry’s financial aspects. She also monitors issues associated with carbon sequestration and renewable energy.
Dittrick joined OGJ in February 2001. Previously, she worked for Dow Jones and United Press International. She began writing about oil and gas as UPI’s West Texas bureau chief during the 1980s. She earned a Bachelor’s of Science degree in journalism from the University of Nebraska in 1974.
