Rangeland Energy Secures $300 Million Growth Equity Commitment from EnCap Flatrock Midstream for the Formation of Rangeland Energy IV
Rangeland Energy (Rangeland), today announced that it has secured a $300 million growth equity commitment from EnCap Flatrock Midstream (EnCap Flatrock) to support the formation of a new entity, Rangeland Energy IV, LLC (Rangeland IV).
- Rangeland Energy (Rangeland), today announced that it has secured a $300 million growth equity commitment from EnCap Flatrock Midstream (EnCap Flatrock) to support the formation of a new entity, Rangeland Energy IV, LLC (Rangeland IV).
- We are very excited to launch Rangeland IV and continue our long-term partnership with EnCap Flatrock Midstream, said Chris Keene, CEO of Rangeland Energy.
- The $300 million commitment is the fourth EnCap Flatrock growth equity commitment to Rangeland companies, bringing the total to $900 million since Rangelands formation in 2009.
- The Rangeland team represents more than 200 years of combined midstream experience and is backed by EnCap Flatrock Midstream .