Par Petroleum Corporation formerly known as Delta Petroleum Corporation was incorporated on November 7, 2005. The Company is a diversified energy holding company based in Houston, Texas. The Company operates an integrated sourcing, m...arketing, transportation and distribution business focused on energy commodities, mainly crude oil. The Company uses many transportation modes, which are generally leased, to transport products, including river barges and pipelines. It also leases a fleet of over 175 rail cars. The Company operates in three segments: refining, distribution and marketing; natural gas and oil operations; and commodity marketing and logistics. Its refining, distribution and marketing segment owns and operates a refinery rated at 94,000 barrels per day of throughput capacity in Kapolei, Hawa...ii, 2.4 million barrels of crude oil and feedstock storage and 2.5 million barrels of refined product storage. The refinery produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel and other associated refined products mainly for consumption in Hawaii. Its natural gas and oil assets are non-operated and are concentrated in its 33.34% ownership of Piceance Energy, a joint venture entity operated by Laramie and focused on producing natural gas in Garfield and Mesa Counties, Colorado. Its commodity marketing and logistics segment focuses on sourcing, transporting, marketing and distributing crude oil from Canada and the Western U.S. to refining hubs in the Midwest, Gulf Coast and East Coast regions of the U.S. The Company's refining operations and exploration and production operations are subject to local, state and federal regulations for the control of emissions from sources of air pollution.