CVR Energy planning public offering for refining unit

The company that owns the refinery in Wynnewood is planning to spin off its refining operations in a new public company.
by Jay F. Marks Published: October 2, 2012
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Damage from the explosion was limited to the refinery's boiler, which had been shut down temporarily as part of a turnaround operation. Process units and other areas were not affected.

Operations at the refinery, which employs about 270 people, resumed Saturday.

CVR's refining business also includes a refinery in Coffeyville, Kan. The two facilities can handle 185,000 barrels of oil a day.

CVR acquired the Wynnewood refinery with its $525 million purchase of Gary-Williams Energy Corp. in December before the majority of the Texas-based company was purchased by activist investor Carl Icahn. The company unsuccessfully tried to find another buyer during the summer.

Contributing:

The Associated Press


by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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