Rangeland Energy is a midstream company that meets the infrastructure requirements of refiners, commodities marketers, producers and retail distributors in resource plays and growing markets. We are distinguished by exceptional customer service, a strong and successful track record and highly experienced management teams with extensive collective experience in the energy industry and long individual histories of midstream success.
Rangeland's goal is to be the first choice for facilitating the movement of inbound frac sand and the delivery of outbound hydrocarbons to high value markets. From the company's formation in November 2009 through late 2012, Rangeland focused on the successful ground-up development of the COLT Hub, North Dakota's largest open-access crude oil marketing hub. Construction of the COLT facility began in May 2011 and the facility came into service in May 2012. COLT was acquired by Inergy Midstream, L.P. in December 2012.
Rangeland Energy II successfully constructed the RIO System, a multipart crude and sand logistics system in the Delaware Basin, comprised of the RIO Pipeline, State Line Terminal, Midland Terminals and the RIO Hub. Future RIO system expansions include the Wink Lateral & Terminal and the RIO Connector. RIO was acquired by Tesoro Refining & Marketing Company LLC, a wholly owned subsidiary of Andeavor (NYSE: ANDV). for an undisclosed amount.
Today, we are building on our expertise and successful execution in the Bakken and the Delaware by pursuing similar opportunities in emerging shale producing areas across North America — including West Texas and Southeast New Mexico, the Gulf Coast, and Canada — where Rangeland is pursuing the greenfield development and acquisition of midstream assets including gathering, transmission and storage and rail terminal facilities.
Rangeland Energy III is supported by private equity commitments from EnCap Flatrock Midstream of San Antonio, Texas. Established in 2008 by Flatrock Energy Advisors, LLC and EnCap Investments L.P., EnCap Flatrock Midstream has more than $9 billion in equity under management and dedicated to investment in the midstream sector of the energy industry.
Rangeland Energy III
Formed in 2015, Rangeland Energy III is currently developing the South Texas Energy Products System ("STEPS"), an integrated hydrocarbon logistics system that receives and stores refined products, liquefied petroleum gas and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transports them to terminals primarily located in Mexico. Rangeland Midstream Canada, a wholly owned subsidiary of Rangeland Energy III, is constructing and will operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will connect to Plains Midstream Canada’s Rainbow Pipeline System which serves the Edmonton, Alberta hub and refining market. The system is expected to come into service in the second quarter of 2020.