M&A Deal Summary

Rose Rock Midstream Acquires Chesapeake Energy Corp - Crude Oil Trucking Assets

On June 24, 2014, Rose Rock Midstream acquired energy services and equipment company Chesapeake Energy Corp - Crude Oil Trucking Assets from Chesapeake Energy

Acquisition Highlights
  • This is Rose Rock Midstream’s 1st transaction in the Energy Services and Equipment sector.
  • This is Rose Rock Midstream’s 2nd transaction in the United States.
  • This is Rose Rock Midstream’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2014-06-24
Target Chesapeake Energy Corp - Crude Oil Trucking Assets
Sector Energy Services and Equipment
Buyer(s) Rose Rock Midstream
Sellers(s) Chesapeake Energy
Deal Type Divestiture

Target

Chesapeake Energy Corp - Crude Oil Trucking Assets

Oklahoma City, Oklahoma, United States
Chesapeake Energy Corp - Crude Oil Trucking Assets is a provider of energy services and equipment.

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Buyer(S) 1

Buyer

Rose Rock Midstream

Tulsa, Oklahoma, United States
Category Company
Founded 2011
Sector Energy Services and Equipment
Revenue 845M USD (2015)
DESCRIPTION

Rose Rock Midstream LP is a provider of crude oil gathering, transportation, storage and marketing services.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 2 of 3
State (Oklahoma) 1 of 2
Country (United States) 2 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 Barcas Field Services - Transportation Assets

United States

Barcas Field Services - Transportation Assets includes 114 trucks, 120 trailers and miscellaneous equipment, operating in Colorado, Louisiana, Oklahoma, Wyoming, North Dakota, Kansas, New Mexico, and Texas.

Buy $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 SemGroup - Crude Oil Assets

Tulsa, Oklahoma, United States

SemGroup Corp. - Crude Oil Assets includes the Wattenberg Oil Trunkline System and SemGroup's 50% interest in the Glass Mountain Pipeline.

Buy $325M

Seller(S) 1

SELLER

Chesapeake Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees1,000
Revenue 7.8B USD (2023)
DESCRIPTION

Chesapeake Energy produces natural gas and is a major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City.

DEAL STATS #
Overall 7 of 9
Sector (Energy Services and Equipment) 2 of 3
Type (Divestiture) 6 of 8
State (Oklahoma) 3 of 4
Country (United States) 7 of 9
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-19 Twin Eagle

Spring, Texas, United States

Twin Eagle is in the oil and gas midstream business and engages in the logistics and wholesale marketing of crude, natural gas, power, and environmental products throughout North America. Twin Eagle was founded in 2010 and is based in Spring, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Chesapeake Energy - Royalty Portfolio

United States

Chesapeake Energy - Royalty Portfolio includes producing and non-producing mineral and royalty interests associated with over 8,500 wells across 24 states and 324 counties.

Sell $128M
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