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Deeprock North, LLC

Company Summary

Description

Owner and operator of a crude oil terminal in North Cushing, Oklahoma. Acquired by Tallgrass and merged with Deeprock Development.

Operational Regions

  • Cushing Oil Terminal

Related Entities

Recent news

  • 1/3/2018 - Tallgrass Energy... (subscriber access)

Company Transactions

Date: 1/3/2018
Type: Acquisition

BUYERS:
  • Tallgrass Energy Partners, LP
  • Deeprock Development, LLC
    • SELLERS:
  • Deeprock North, LLC
    • DETAILS:

    COST: 19.5 $MM

    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