Rose Rock Midstream (RRMS) agrees to acquire a one-third interest in White Cliffs Pipeline from...

|About: Rose Rock Midstream (RRMS)|By:, SA News Editor

Rose Rock Midstream (RRMS) agrees to acquire a one-third interest in White Cliffs Pipeline from SemGroup (SEMG) for ~$274M. White Cliffs is a 527-mile crude oil pipeline system that originates in Colorado and terminates in Cushing, Okla.; it has a current capacity of 70K bbl/day and plans to expand to 150K bbl/day by H1 2014.