In November 2011, we acquired a 90% interest in a 3,500 barrel per day refinery located in Converse County, Wyoming, including 300 miles of abandoned 3" - 6" pipeline. We believe the pipeline can be economically returned to crude oil service as an early delivery service system of production from the emerging Powder River Basin portion of the Niobrara Shale. The purchase price was $20 million, which included $1.3 million for products inventories. We funded the acquisition with cash available under our credit facility.
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