Monday, June 30, 2014

Midstream activities in OH


Second Quarter Acquisitions and Midstream Developments in Ohio The development of hydraulic fracturing and horizontal drilling has opened up the massive natural resources of the Utica shale play in Ohio. This play is now producing at a rate that makes it difficult for midstream companies to keep pace. Two recent transactions in the second quarter of 2014 represent midstream activities designed to increase infrastructure through gathering and stabilization, pipelines and trucking transportation. Rose Rock Midstream Purchases Trucking Assets From Chesapeake Energy A subsidiary of Chesapeake Energy Corp. has sold some of its crude oil trucking assets to Rose Rock Midstream, L.P. This transaction includes 200 employees, as well as 125 trucks, 122 trailers and related equipment currently operating in Texas, Oklahoma and Ohio. The acquisition also includes an agreement for term transportation at market rates with Chesapeake Energy Marketing, Inc. Once the acquisition closes, Rose Rock’s f
http://www.shaledirectories.com/blog/midstream-activities-oh/

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