▁Texas ▁and ▁New ▁Mexico . ▁ ▁The ▁bulk ▁of ▁the ▁money ▁raised ▁from ▁the ▁stock ▁offering ▁would ▁go ▁to ▁the ▁parent ▁Western ▁Ref ining ▁to ▁re im bur se ▁the ▁company ▁for ▁the ▁assets ▁used ▁to ▁form ▁the ▁log istics ▁company , ▁Western ▁reported ▁in ▁its ▁fil ing . ▁ ▁It ▁would ▁use ▁$ 5 0 ▁million ▁of ▁the ▁money ▁raised ▁for ▁general ▁partners hip ▁purposes , ▁it ▁reported . ▁ ▁The ▁log istics ▁company ▁will ▁initially ▁get ▁all ▁re venue ▁through ▁a ▁ 1 0 - year , ▁fee - based ▁agreement ▁with ▁the ▁parent ▁Western ▁Ref ining ▁for ▁pipeline , ▁terminal ▁and ▁storage ▁services ▁it ▁reported . ▁ ▁The ▁fe es ▁are ▁expected ▁to ▁total ▁almost ▁$ 1 2 0 ▁million ▁next ▁year , ▁or ▁ 9 2 ▁percent ▁of ▁its ▁forec asted ▁annual ▁reven ues ▁of ▁almost ▁$ 1 3 1 ▁million . ▁ ▁External ▁links ▁ ▁Western ▁Ref ining ▁website ▁ ▁References ▁ ▁Category : O il ▁companies ▁of ▁the ▁United ▁States ▁Category : O il ▁pipeline ▁companies ▁Category : P et role um ▁in ▁Texas ▁Category : Comp an ies ▁based ▁in ▁El ▁Pas o , ▁Texas ▁Category : E ner gy ▁companies ▁established ▁in ▁ 1 9 9 7 ▁Category : Non - ren ew able ▁resource ▁companies ▁established ▁in ▁ 1 9 9 7 ▁Category : 1 9 9 7 ▁establish ments ▁in ▁Texas ▁Category : Comp an ies ▁formerly ▁listed ▁on ▁the ▁New ▁York ▁Stock ▁Exchange ▁Category : 2 0 1 7 ▁mer gers ▁and