Rose Rock Closed Transaction To Acquire Transportation Assets From Chesapeake

(RTTNews) - Rose Rock Midstream, L.P. (RRMS) announced that it has closed the transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corporation (CHK).

The company said the acquisition includes 124 trucks, 122 trailers and miscellaneous equipment operating in Texas, Oklahoma and Ohio and also about 200 employees.

It also includes the 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, DJ / Niobrara, Eagle Ford, Granite Wash, Mississippi Lime, Permian, San Juan and Utica plays.