U.S. Oil and Refining

What U.S. Oil and Refining does

U.S. Oil & Refining Co. is a regional petroleum refinery headquartered on Commencement Bay in Tacoma, Washington, operating continuously since 1952 as a wholly owned subsidiary of Par Pacific Holdings, Inc. (NYSE: PPA). The single-site facility has a refining capacity of 42,000 barrels per day and a total storage capacity of 2.9 million barrels, producing four core refined product lines — motor fuels, aviation fuels, marine fuels, and asphalt — with asphalt representing a leading in-state production position in Washington. The refinery benefits from flexible crude sourcing via rail access to Western Canadian and Bakken crudes, alongside blue water marine access to waterborne crudes, and distributes products through a marine terminal with connectivity to Pacific and West Coast markets.

The company's primary differentiated infrastructure asset is the McChord Pipeline — a six-inch diameter, 14.2-mile intrastate pipeline acquired from Buckeye Pipeline Company in 1996 and operated through wholly owned subsidiary McChord Pipeline Company — which delivers military-grade jet fuel directly to Joint Base Lewis-McChord under a supply relationship that has been in place for over 20 years. Beyond the military anchor, 86% of products are sold and used locally in Washington state, served through direct B2B contracts with industrial, commercial, and community buyers.

The business operates under monitoring by 12 local, state, and federal regulatory authorities, and the company has recently completed a biofuels logistics system enabling renewable fuels transportation and storage. Revenue is generated through one-time direct sales of refined petroleum products via contracts with government, military, and industrial customers; specific pricing is not publicly disclosed. The operation is led by Vice President and General Manager Andrew Troske and employs 51–100 people, paying approximately $27.6 million in city and state taxes in 2019 and supporting an estimated 11.9 additional Washington jobs per refinery job.

Name

U.S. Oil and Refining

Legal name

U.S. Oil & Refining Co.

Website

https://usor.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

51–100 employees

Short description

U.S. Oil & Refining is a 42,000-barrels-per-day regional petroleum refinery in Tacoma, WA, operating since 1952 as a subsidiary of Par Pacific Holdings. It produces motor, aviation, marine fuels, and asphalt for Pacific Northwest markets, with a dedicated jet fuel pipeline serving Joint Base Lewis-McChord.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (324110), Petroleum Refineries (32411), Pipeline Transportation of Refined Petroleum Products (486910), Pipeline Transportation of Refined Petroleum Products (48691), Petroleum and Coal Products Manufacturing (324)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)

akta.pro secondary industries

Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK), Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ), Refined Products Pipeline Terminals & Breakout Storage Operations (TLAGABAJ), Crude Oil Tank Farms & Terminals (TLAGAKAA), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

Keywords

• Petroleum refining
• Refined fuels production
• Marine fuel supply
• Asphalt production
• Aviation jet fuel

Headquarters

HQ city

Tacoma

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others, Marketing or Sales

Revenue model

1. Refined Petroleum Products: U.S. Oil & Refining generates revenue through the sale of refined petroleum products including motor fuels, aviation fuels, marine fuels, and asphalt. The company serves local Pacific Northwest markets, government/military customers, and industrial customers.

Go-to-market motion1 record

Distribution channels3 records

Core offering

U.S. Oil & Refining operates a 42,000-barrels-per-day petroleum refinery in Tacoma, WA, producing high-quality motor fuels, aviation fuels, marine fuels, and asphalt for distribution across the Pacific Northwest. It supplies military-grade jet fuel to Joint Base Lewis-McChord via the McChord Pipeline and supports renewable fuel movement through a recently completed biofuels logistics system.

Product overview

U.S. Oil & Refining Co. is a refinery company with a single facility located in Tacoma, WA, operating as a subsidiary of Par Pacific Holdings. The company operates a 42,000 barrels per day refinery producing four primary refined product lines: Motor Fuels, Aviation Fuels, Marine Fuels, and Asphalt (as a leading in-state producer). The refinery is supported by a Biofuels Logistics System for renewable fuels and the McChord Pipeline subsidiary for jet fuel delivery to military customers. With 2.9 million barrels of storage capacity and 14 miles of pipeline, the company serves the Pacific Northwest market with flexible crude sourcing including rail access to Western Canadian and Bakken crudes and blue water access to waterborne crudes.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Fuels

Quantifiable outcome

• 11.9 additional jobs created in Washington state for every job at the refinery
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• McChord Pipeline CompanycoreStrategic or Co-development Partner · 1 January 1996McChord Pipeline Company is a wholly owned subsidiary of and operated by U.S. Oil Refining Co. The McChord Pipeline is a 6-inch diameter, 14.2-mile intrastate pipeline that transports military grade jet fuel, originating at the Refinery and terminating at Joint Base Lewis-McChord. Originally constructed in 1966 and operated by Buckeye Pipeline Company until 1996 when purchased by U.S. Oil Refining Co.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• CVR Energy: Independent US refiner operating refineries in Kansas and Oklahoma; directly comparable as a small-cap independent refiner focused on regional product markets with similar scale to U.S. Oil.
• Par Montana: Par Pacific Holdings subsidiary operating a Montana refinery; comparable as a sibling small regional US refinery with similar scale, product slate focus, and parent oversight.
• Delek US Holdings: Independent US refiner with refineries in Texas, Louisiana, and Arkansas; directly comparable as a small-cap independent refiner with overlapping product slate and regional market focus.
• PBF Energy: Independent US refiner operating five mid-sized refineries across the country; directly comparable as a small-cap independent refiner of similar scale and product mix to U.S. Oil.
• HF Sinclair Corporation: US independent refiner (formerly HollyFrontier) operating multiple mid-sized refineries including Pacific Northwest assets; directly comparable as a small-to-mid-cap independent refiner with similar asset profile and scale.
• Calumet Specialty Products Partners: US specialty refiner and renewable fuels producer operating multiple small-to-mid-scale facilities; comparable as a smaller independent refiner with diversified product slate including specialty and renewable products.
• Wyoming Refining Company: Par Pacific Holdings subsidiary operating a Wyoming refinery; directly comparable as a sibling small-scale regional refinery under the same corporate parent and segment reporting.
• Par Hawaii: Refining subsidiary of Par Pacific Holdings operating the Hawaii refinery; direct sibling asset with identical ownership, governance, and refining business model as U.S. Oil & Refining.

Broad incumbents

• Marathon Petroleum: Largest US refiner with Pacific Northwest assets including the former Shell Anacortes refinery; broadly comparable as an incumbent refiner operating in the same geography with overlapping product markets.
• Phillips 66: Major US refiner operating the Ferndale, Washington refinery in the Pacific Northwest; broadly comparable as a large incumbent competitor serving the same regional market, though at materially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about U.S. Oil and Refining