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Deeprock Development, LLC

Company Summary

Description

Deeprock Development, LLC operates as a subsidiary of Kinder Morgan Energy Partners, L.P and Tallgrass Energy Partners.

Related Entities

Recent news

  • 1/3/2018 - Tallgrass Energy... (subscriber access)
  • 7/27/2017 - Tallgrass Terminals... (subscriber access)

Company Transactions

Date: 1/3/2018
Type: Acquisition

NOTES:
The acquisition includes a 38% interest in Deeprock North, LLC which owns a terminal in North Cushing, Oklahoma near the Deeprock Development, LLC crude terminal in the area. Upon closing, Deeprock North merged into Deeprock Development. Deeprock now owns a terminal complex with 4 million barrels of storage and is 60% owned by Tallgrass.
REGIONS:
  • Cushing Oil Terminal
  • Date: 7/27/2017
    Type: Acquisition

    NOTES:
    Tallgrass Terminals, LLC recently acquired an additional 49 percent interest in the Deeprock Development crude oil terminal at Cushing, Okla., increasing its total membership interest to 69 percent, for a purchase price of approximately $70 million.
    REGIONS:
  • Cushing Oil Terminal