Rangeland IV Launches with $300 Million EnCap Flatrock Commitment
The $300 million commitment announced May 3 is the fourth EnCap Flatrock growth equity commitment to Rangeland Energy companies, bringing the total to $900 million since Rangeland’s formation.
Hart Energy Staff
Rangeland Energy recently secured a $300 million growth equity commitment from EnCap Flatrock Midstream to support the formation of a new entity.
“We are very excited to launch Rangeland IV and continue our long-term partnership with EnCap Flatrock Midstream,” Rangeland Energy CEO Chris Keene commented in a company release on May 3.
Keene will lead the new entity, Rangeland Energy IV LLC, which will continue to pursue midstream acquisitions and development opportunities in both conventional and unconventional resource plays across the U.S. and Canada, as well as “new opportunities in decarbonized infrastructure,” the company release said.