One-Page Deal Sheet
Rose Rock Acquires Chesapeake Midstream Assets
Rose Rock Midstream, L.P. Chesapeake Energy Corp
Announced Date
June 05,2014
Close Date
June 24,2014
Transaction Type
Asset
Location
Region
Northeast,Mid-Continent,Gulf Coast - South Texas
Country
United States
State
Oklahoma
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Transaction Details: Require Private Equity Subscription
Closing Announcement - June 23, 2014
Rose Rock Midstream, L.P. (RRMS) today announced that it has closed the transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corporation.
Acquisition Highlights Includes 124 trucks, 122 trailers and miscellaneous equipment operating in Texas, Oklahoma and Ohio; Approximately 200 employees; and Term transportation agreement at market rates with Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of ChesapeakeFollowing the close of the acquisition, Rose Rock now operates a fleet of more than 250 trucks with…