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Rangeland Energy Secures $300 Million Growth Equity Commitment From Encap Flatrock Midstream For The Formation Of Rangeland Energy Iv

May 03, 2022•over 3 years ago

Amount Raised

$300 Million

Sugar Land

Description

Rangeland Energy (”Rangeland”), today announced that it has secured a $300 million growth equity commitment from EnCap Flatrock Midstream (“EnCap Flatrock”) to support the formation of a new entity, Rangeland Energy IV, LLC (“Rangeland IV”). 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.

Company Information

Company

Rangeland Energy

Location

Sugar Land, Texas, United States

About

Headquartered in Sugar Land, Texas, and with offices in Calgary and Athabasca, Alberta, Rangeland Energy was formed in 2009, and focuses on developing, acquiring, owning and operating midstream infrastructure that transports, processes, and stores crude oil, natural gas, natural gas liquids, and biofuels across North America. The Rangeland team represents more than 200 years of combined midstream experience and is backed by EnCap Flatrock Midstream. For more information, please visit www.rangelandenergy.com.

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