Industry News | Capital Markets | Private Equity Activity
Rangeland Secures $200MM Equity Commitment
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Rangeland Energy LLC has reported that the company has secured a $200 million equity financing commitment from EnCap Flatrock Midstream of San Antonio.
Rangeland is a midstream company that meets the requirements of crude oil refiners, marketers and producers in emerging resource plays. Rangeland develops the infrastructure necessary to gather, store and transport crude oil, natural gas, natural gas liquids, and other petroleum products by rail and pipeline to refineries and market hubs across North America.
This is the second time EnCap Flatrock has backed the Rangeland management team. In November 2009 EnCap Flatrock made a $115 million commitment to Rangeland from its first fund to support the company’s successful greenfield development of the COLT system, North Dakota’s largest open…
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