Par Pacific Holdings, Inc. is a diversified energy company headquartered in Houston, Texas, with operations that span refining, logistics, retail, and energy infrastructure. The company was originally established in 1984 and has since evolved through acquisitions and strategic restructuring into a vertically integrated enterprise serving key U.S. markets, including Hawaii, the Pacific Northwest, and the Rocky Mountain region. Par Pacific’s business model focuses on connecting crude oil supply with refined product demand across geographically distinct markets that benefit from limited local competition and strong regional pricing dynamics.
At the core of Par Pacific’s operations are its refining assets, which include several complex refineries strategically located to serve isolated or supply-constrained regions. These facilities process a variety of crude grades into transportation fuels, jet fuel, and other refined products tailored to local market needs. The company also maintains an extensive logistics network of pipelines, terminals, and storage assets that facilitate the transportation, blending, and distribution of crude oil and refined products. This infrastructure integration allows Par Pacific to manage its supply chain efficiently from crude sourcing through retail sales.
In addition to its refining and logistics operations, Par Pacific operates a growing retail segment under brands such as Hele and nomnom, providing gasoline and convenience store services across its regional markets. This downstream presence enables the company to capture margin across the full value chain—from refining through retail—while maintaining a direct relationship with end consumers. Its retail operations complement its refining base, providing stability through local brand recognition and consistent demand for transportation fuels.