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.

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