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Slide #64. Rose Rock Midstream, L.P. — Transportation Assets From Barcas Field Services
Rose Rock Midstream, L.P. (RRMS)
Transportation Assets From Barcas Field Services
Rose Rock Midstream, L.P. (NYSE:RRMS) today announced that it has executed a definitive agreement to acquire the assets of Barcas Field Services LLC, which owns and operates a crude oil trucking fleet, for $47 million. Approximately 140 employees of Barcas Field Services will join Rose Rock at the close of the transaction. Closing is expected during the third quarter of 2013 and is subject to customary closing conditions.
Rose Rock Midstream owns, operates, develops and acquires a portfolio of midstream energy assets. Co. is engaged in the business of crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming. Co. operates in the Bakken Shale in North Dakota and Montana, the Denver-Julesburg and the Niobrara Shale in the Rocky Mountain region, and the Granite Wash and Mississippi Lime Play in the Mid-Continent region. Co. is managed and operated by its general partner, Rose Rock Midstream GP, LLC. Co.'s operations are conducted through its subsidiary, Rose Rock Midstream Operating, LLC.
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Hold (2.25 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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