Rose Rock closes assets acquisition from Chesapeake

Rose Rock Midstream LP

Rose Rock Midstream LP (NYSE:RRMS) has closed its transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corp. (NYSE:CHK).

The acquisition includes 124 trucks, 122 trailers, and miscellaneous equipment operating in Texas, Oklahoma and Ohio; approximately 200 employees; and a term transportation agreement at market rates with Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of Chesapeake.

Following the close of the acquisition, Rose Rock now operates a fleet of more than 250 trucks with approximately 350 employees, servicing the Bakken, Denver-Julesburg, Niobrara, Eagle Ford, Granite Wash, Mississippi Lime, Permian, San Juan, and Utica plays.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...