Acquisitions On December 10, 2013 , the Company completed the acquisition of Bel-Ray Company, LLC, a manufacturer and global distributor of high-performance lubricants and greases, for aggregate consideration of approximately $53.6 million , net of cash acquired and excluding debt assumed and certain purchase price adjustments ( Bel-Ray Acquisition ). Bel-Ray manufactures and distributes both domestically and internationally, a wide array of high-end specialty synthetic lubricants and greases which are used in the aerospace, automotive, energy, food, marine, military, mining, motorcycle, powersports, steel and textiles industries. The Bel-Ray Acquisition was financed by using a portion of the net proceeds of $337.4 million from the Company s November 2013 private placement of 7 5/8% senior notes due January 15, 2022 . The Company believes the Bel-Ray Acquisition increases its sales in the specialty lubricants market, expands its geographic reach and increases its asset diversity. At closing, the Company repaid the $11.9 million of debt assumed in connection with the Bel-Ray Acquisition. On August 9, 2013 , the Company completed the acquisition of seven crude oil loading facilities and related assets in North Dakota and Montana from Murphy Oil USA, Inc. ( Murphy ) for aggregate consideration of approximately $6.2 million ( Crude Oil Logistics Acquisition ). The Crude Oil Logistics Acquisition was funded with cash on hand. As part of this acquisition, the Company assumed pipeline space on the Enbridge Pipeline System ( Enbridge Pipeline ) previously held by Murphy. The Company will have the ability to transport crude oil directly from the point of lease, into the Company s newly acquired crude oil loading facilities and then onto the Enbridge Pipeline where it can be routed to the Company s refineries and/or third party customers. As part of this transaction, the Company and Murphy jointly consented to terminate an existing crude oil purchase agreement ( Murphy Crude Oil Supply Agreement ) wherein Murphy supplied t