Rangeland Energy II and III

2150 Town Square Place
Suite 700
Sugar Land, Texas 77479
281.566.3000 Phone
281.242.6348 Fax

Founded in 2009, Rangeland Energy targeted development and acquisition opportunities in North Dakota's emerging Bakken oil-shale play in North Dakota. The company developed the COLT Hub, North Dakota's largest open-access crude oil loading terminal. On December 7, 2012, Inergy Midstream, L.P. (NYSE: NRGM) completed the acquisition of the COLT Hub and related assets, for $425 million.

Formed in early 2013 Rangeland Energy II, LLC ("Rangeland II") is focused on the construction, expansion and operation of its RIO System, which serves producers in the Delaware Basin. The RIO System consists of the RIO Hub, a large terminal facility designed to handle inbound frac sand and outbound crude oil and condensate; and the RIO Pipeline and related terminals at the Texas/New Mexico border and in Midland, Texas. The 110-mile RIO Pipeline transports crude oil and condensate produced in the Delaware Basin to the market center at Midland and takeaway pipelines to Cushing, the Gulf Coast and other market centers. 

Rangeland Energy II has entered into a definitive agreement to sell the company to Tesoro Refining & Marketing Company LLC, a wholly owned subsidiary of Andeavor (NYSE: ANDV) for an undisclosed amount. The all-cash transaction is expected to close early in the first quarter of 2018.

Rangeland Energy III, LLC  ("Rangeland III") was formed in July 2015 to pursue midstream opportunities in resource plays across North America. Rangeland III will target crude oil logistics opportunities, leveraging its extensive experience and expertise in the Bakken Shale and the Delaware Basin. Complementary to Rangeland’s crude oil gathering strategy in areas of growing crude oil production, there also exists the need for additional refined products facilities. Rangeland III is targeting acquisition and development opportunities to provide transportation, storage and terminal services for refined petroleum products.

In March 2016, Rangeland announced that the Rangeland III management team will develop the South Texas Energy Products System ("STEPS"). STEPS is an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located on the Kansas City Southern mainline in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico.

Rangeland III also has formed Rangeland Midstream Canada, Ltd., to pursue opportunities in the Western Canadian Sedimentary Basin.

Rangeland Energy's management team has a strong track record of developing, constructing, acquiring, operating, optimizing and expanding both greenfield and existing crude oil, refined products and associated natural gas midstream assets. Consistent with management’s past business success, Rangeland’s growth strategy centers around building primarily a crude oil and refined products midstream business with a lesser focus on associated natural gas opportunities.

Rangeland II management team

Rangeland III management team