Rose Rock Midstream L.P. has recently announced that the board of directors of its general partner has declared a cash distribution with respect to its 2Q16 result of US$0.66 per unit, or US$2.64 per unit on an annualised basis. The distribution will be paid to all unitholders that are on record on 12 August 2016.
This figure is unchanged from its distribution in 1Q16 and the distribution represents an increase of approximately 1.5% over the distribution of US$0.650 per unit in relation to 2Q15.
Rose Rock Midstream will acquire SemGroup’s remaining crude oil assets, including the Wattenberg Oil Trunkline System and its 50% interest in the Glass Mountain Pipeline.