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Rose Rock completes acquisition of additional interest in White Cliffs Pipeline


Published Jun 25, 2014
Rose Rock Midstream

Rose Rock Midstream has acquired from SemGroup Corporation the remaining one-third interest in SemCrude Pipeline, L.L.C., which owns a 51 percent interest in White Cliffs Pipeline L.L.C. for $300 million. Rose Rock now owns a 100 percent interest in SemCrude Pipeline and indirectly owns a 51 percent interest in White Cliffs Pipeline.

White Cliffs Pipeline is a 527-mile common carrier, crude oil pipeline system that originates in Colorado and terminates in Cushing, Oklahoma. It has a current capacity of 76,000 barrels per day and is in the process of an expansion project which will increase total capacity to 150,000 barrels per day. This project is expected to be completed in August 2014.

Tags: Rose Rock Midstream




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