HomeNewsExxon Selling Yellowstone Pipeline Rights, Silvertip Crude Oil Pipeline for $310 Million

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Exxon Selling Yellowstone Pipeline Rights, Silvertip Crude Oil Pipeline for $310 Million

10/21/2022

(Reuters) — Exxon Mobil Corp. on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc. for $310 million. Included in the sale are the Silvertip Pipeline, Exxon's interest in the Yellowstone Pipeline and Yellowstone Energy LP and its interests in products terminals in Montana and Washington. The sale ends a years-long effort by the U.S. oil giant to further reduce its refining footprint and concentrate production on plants along the U.S. Gulf Coast and in the Midwest. It also has been selling oil producing properties to boost returns. "ExxonMobil is focused on investing in facilities where we can manufacture higher-value prod

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