Rangeland Energy has secured a $300 million growth equity commitment from EnCap Flatrock Midstream to support the formation of a new entity, Rangeland Energy IV.
Rangeland IV will continue to pursue midstream acquisitions and development opportunities in both conventional and unconventional resource plays across the United States and Canada, as well as new opportunities in decarbonized infrastructure.
Rangeland IV will be focused on acquiring assets and developing projects that accommodate an ever-increasing global demand for traditional energy commodities while simultaneously assessing new opportunities in an evolving energy landscape.
The $300 million commitment is the fourth EnCap Flatrock growth equity commitment to Rangeland companies, bringing the total to $900 million since Rangeland’s formation in 2009. In 2010, Rangeland developed its first asset, COLT, a crude oil rail terminal, storage, and pipeline hub servicing customers in the Bakken and Three Fo
