Rangeland IV
Company Summary
Description
Rangeland has secured a $300 million growth equity commitment, the fourth in a series of $600 million other commitments that have been put towards Rangeland I, II, and III, from EnCap Flatrock Midstream to create a new entity: Rangeland Energy IV. This brings Rangeland's total growth equity commitment from EnCap to $900 million.
Rangeland entities that the previous $600 million from EnCap Flatrock Midstream has been used for:
- Rangeland I: COLT, a crude oil terminal, storage, and pipeline hub in the Bakken and Three Forks Shale.
- Rangeland II: RIO system, a multipart crude and sand logistics system in the Delaware Basin.
- Rangeland III: Marten Hills Pipeline System, a crude oil and condensate pipeline system in North Central Alberta and the STEPS terminal located in Corpus Christi, Texas.
"Rangeland IV will continue to pursue midstream acquisitions and development opportunities in both conventional and unconventional resource plays across the U.S. and Canada, as well as new opportunities in decarbonized infrastructure".
Website
https://www.rangelandenergy.com/news/rangeland-ene...Related Entities
Recent news
- 5/3/2022 - Rangeland Secures $300MM... (subscriber access)