M&A Deal Summary

Rose Rock Midstream Acquires SemGroup - Crude Oil Assets

On February 9, 2015, Rose Rock Midstream acquired energy services and equipment company SemGroup - Crude Oil Assets from SemGroup for 325M USD

Acquisition Highlights
  • This is Rose Rock Midstream’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Rose Rock Midstream’s largest (disclosed) transaction.
  • This is Rose Rock Midstream’s 3rd transaction in the United States.
  • This is Rose Rock Midstream’s 2nd transaction in Oklahoma.

M&A Deal Summary
Date 2015-02-09
Target SemGroup - Crude Oil Assets
Sector Energy Services and Equipment
Buyer(s) Rose Rock Midstream
Sellers(s) SemGroup
Deal Type Divestiture
Deal Value 325M USD
Advisor(s) Akin Gump Strauss Hauer & Feld (Legal)

Target

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.

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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 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 3 of 3
State (Oklahoma) 2 of 2
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 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.

Buy -

Seller(S) 1

SELLER

SemGroup

Tulsa, Oklahoma, United States
Category Company
Founded 2000
Sector Energy Services and Equipment
Employees880
Revenue 2.5B USD (2018)
DESCRIPTION

SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Chesapeake Energy - Mississippi Lime Midstream Assets

Mississippi, United States

Chesapeake Energy - Mississippi Lime Midstream Assets consists of: Rose Valley I plant: 200 mmcfd cryogenic processing plant, expected to be operational first quarter 2014 and Rose Valley II plant: 200 mmcfd cryogenic processing plant, expected to be operational first quarter 2016.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Durvernay Pipelines Compression and Dehydration Facilites

Alberta, Canada

Durvernay Pipelines, Compression and Dehydration Facilites are currently capable of handling 40 mmcfd of gas and associated liquids, with ability to expand up to 80 mmcfd.

Buy CA$38M
Mergr

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