Rangeland Energy
Rangeland Energy is a midstream energy company based in Sugar Land, Texas, specializing in infrastructure for various energy resources including oil, natural gas, and biofuels, with operations in both the United States and Canada.
Midstream Sector Operations
Rangeland Energy operates within the midstream sector, focusing on the infrastructure required for transporting and processing oil, natural gas, natural gas liquids (NGLs), hydrogen, and biofuels. This sector plays a critical role in linking resource extraction with end markets, ensuring efficient and safe delivery of energy products. Rangeland Energy's infrastructure supports both traditional fossil fuel markets and emerging energy transition markets, reflecting the company's strategic vision and operational capabilities.
Equity Commitment from EnCap Flatrock Midstream
Rangeland Energy secured a significant $300 million growth equity commitment from EnCap Flatrock Midstream. This commitment facilitated the formation of Rangeland Energy IV, bolstering the company's financial foundation and enabling future expansion and development projects. EnCap Flatrock Midstream's support underscores the strategic alignment between the two entities and their shared focus on midstream infrastructure.
North American Operations
Headquartered in Sugar Land, Texas, Rangeland Energy also has substantial operations based in Calgary, Alberta. This geographical presence allows the company to serve key energy markets in North America efficiently. In Texas, the company operates the South Texas Energy Products System (STEPS) terminal in Corpus Christi, designed to manage refined products and LPG, primarily for export to Mexico. In Canada, Rangeland previously developed and operated the Marten Hills Pipeline System in Alberta, facilitating access to the Edmonton hub and refining market before selling these assets to Kingston Midstream.
History of Asset Development
Since its inception in 2009, Rangeland Energy has a track record of developing and operating significant midstream assets. The company has carried out projects in prominent regions including the Bakken, Permian Basin, US Gulf Coast, and Canada. Notable projects include the Marten Hills Pipeline System in Alberta and the STEPS terminal in Corpus Christi. This history highlights Rangeland's expertise and capability in creating essential energy infrastructure.
Support from Private Equity
Rangeland Energy's operations and expansions are backed by private equity commitments from EnCap Flatrock Midstream. This financial support is crucial for Rangeland's strategic projects and growth initiatives. EnCap Flatrock Midstream's investment signifies confidence in Rangeland's business model and executional prowess within the midstream sector. This alliance provides the financial underpinning necessary for Rangeland to pursue new opportunities and operational objectives.