Davis Polk Reps Murphy In $625M Refinery Sale To Valero

Law360, New York (September 2, 2011, 5:09 PM EDT) -- Valero Energy Corp., the largest U.S. oil refiner, said Friday it planned to buy a midsize Louisiana refinery from Murphy Oil Corp. for $325 million and about $300 million in oil inventory.

The Meraux, La., refinery produces 135,000 barrels of oil per day, and sits 40 miles down the Mississippi River from Valero's 250,000-barrel-per-day St. Charles, La., plant. The company said it planned to integrate the flow of crude oil into and refined oil out of the two plants.

“The Meraux refinery adds more hydroprocessing capacity...
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