Coffeyville ? A company whose refinery spilled crude oil into floodwaters that damaged hundreds of homes has agreed to purchase those most affected by the spill.

Coffeyville Resources on Thursday said the voluntary program will allow homeowners who qualify to sell the company their homes at a price calculated using the property’s market value before the flood.

Coffeyville Resources estimated it will offer to buy about 300 homes through the program.

The company’s refinery spilled 71,000 gallons of crude oil during record flooding that devastated the town in late June, leaving an oily gunk that clung to nearly everything it touched.

Officials said they would announce the area that qualifies for the program next week.