Calumet completes refinery acquisition from Murphy Oil Corp.

INDIANAPOLIS, Ind. ― Calumet Specialty Products Partners L.P. has completed the acquisition of the Superior, Wisc., refinery and associated operating assets and inventories of Murphy Oil Corp. for aggregate consideration of about $442 million, subject to customary post-closing purchase price adjustments.

The refinery assetsw provide greater scale, geographic diversity and development potential to Calumet’s refining business, as Calumet’s current total refining throughput capacity will increase by 50 percent to 135,000 barrels per day.

The Superior refinery produces gasoline, diesel, asphalt, bunker fuel and specialty petroleum products that are marketed in the Midwest region of the United States, including the surrounding border states and Canada. The Superior Assets include inventories valued at $220 million and various owned and leased finished product terminals.

Highlights of the Superior Assets include the following:

Refinery crude oil throughput capacity of approximately 45,000 barrels per day;

Refinery complexity rating of 8.9;

Distribution network for fuel and asphalt products operated through various owned and leased terminals located in Wisconsin, Minnesota and Utah; and

Crude oil feedstocks sourced from the northern U.S. and Canada.