One-Page Deal Sheet
Rangeland Eyes Acreage for Frac Sand Services Terminal
Rangeland Energy Not Disclosed
Announced Date
March 18,2013
Transaction Type
Asset
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
New Mexico
Play
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Rangeland Energy has executed contracts to purchase up to 770 acres near Loving, New Mexico, and will begin development of a large terminal facility capable of handling crude oil, frac sand, pipe and other products.
Rangeland expects the terminal to be in service before the end of the year. Rangeland will also build a pipeline system in southern Eddy County, New Mexico, to maximize terminal connectivity to existing and planned pipelines for both the receipt and delivery of crude oil.
Founded in 2009, Rangeland is a midstream energy company led by an experienced management team and backed by…
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