GlobeNewswire Inc | Dec 23, 2021 05:00PM EST

December 23, 2021

HOUSTON, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (ParPacific) today announced its 2022 capital expenditure and turnaround outlay guidance with a range of $70 million to $80 million. Approximately $30 million in Washington refinery turnaround outlays are expected during the first quarter of 2022. Remaining capital expenditures include approximately $35 million of maintenance, regulatory, and IT spend and approximately $10 million of growth capital.

2022 Capital Expenditure and Turnaround Outlay Guidance$ in Millions Turnaround Outlay 30Maintenance, Regulatory, and IT 35Growth 10Total Capital Expenditure and Turnaround Outlay $70-80

About Par Pacific

Par Pacific Holdings, Inc. (NYSE: PARR), headquartered inHouston,Texas, owns and operates market-leading energy, infrastructure, and retail businesses.Par Pacifics strategy is to acquire and develop businesses in logistically complex markets.Par Pacific owns and operates one of the largest energy networks inHawaii with 94,000 bpd of operating refining capacity, a logistics system supplying the major islands of the state and 90 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 60,000 bpd of combined refining capacity, related multimodal logistics systems, and 30 retail locations. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated inWestern Colorado. More information is available atwww.parpacific.com.

For more information contact:Ashimi PatelSenior Manager, Investor Relations(832) 916-3355apatel@parpacific.com