Rangeland Receives $200MM Equity Commitment
January 10, 2013
Rangeland Energy LLC has secured a $200 million equity financing commitment from EnCap Flatrock Midstream of San Antonio.
According to the release, 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 in North Dakota. COLT serves the Bakken and Three Forks shale plays and was acquired by Inergy Midstream LP in December 2012 for $425 million.
The recent $200 ...
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