Chesapeake sells oil-tanker truck fleet

Rose Rock Midstream has signed an agreement to buy Chesapeake Energy's fleet of crude oil tanker trucks for an undisclosed sum.

The Tulsa-based midstream player will gain access to 124 trucks, 122 trailers and 200 employees, as well as inherit the trucking outfit's oil-transport contract with Chesapeake Energy.

The additions will bring Rose Rock's total truck fleet up to more than 250 trucks operating in the Bakken, Niobrara, Eagle Ford, Granite Wash, Mississippi Lime, San Juan and Utica plays, the company said.

"Crude oil trucking continues to be a crucial element of midstream infrastructure," Rose Rock chief executive Carlin Conner said in a statement. "We anticipate this acquisition will be immediately accretive and synergistic to our existing field services business, while expanding our footprint and scale further into highly attractive areas."


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