Rangeland Energy Forms Rangeland Midstream Canada, Ltd. to Pursue Midstream Opportunities in Western Canada
- Rangeland Midstream Canada, Ltd. (“Rangeland Canada”) opens office in Calgary.
- Edmonton native and industry veteran Briton W. Speer joins Rangeland Canada as vice president, business development.
- Rangeland Canada will focus on providing comprehensive midstream services to oil and gas producers in the Western Canadian Sedimentary Basin.
SUGAR LAND, Texas, and CALGARY, Alberta – September 6, 2016 – Rangeland Energy (“Rangeland” or “the Company”) today announced that it has formed a Canadian subsidiary to pursue midstream opportunities in Western Canada. Rangeland Midstream Canada, Ltd is led by industry veteran Briton W. Speer, who joined Rangeland Canada in August as vice president, business development. Headquartered in Calgary, Rangeland Canada’s operational expertise spans the midstream value chain and includes gathering, compression, treating, processing and storage services for multiple commodities including natural gas, crude oil and natural gas liquids (NGLs).
“We are excited to bring Rangeland’s proven experience and expertise to the Western Canadian Sedimentary Basin,” said Mr. Speer. “Rangeland is committed to working alongside producers to provide timely and creative midstream solutions that access downstream markets and allow producers to concentrate on growing their production. We are committed to setting ourselves apart by offering competitive commercial terms that equitably share value and risk and an unwavering commitment to high-quality service that meets customers' changing needs.”
“Rangeland Midstream Canada is proud to have the opportunity to serve the resourceful and resilient producer community here in Calgary,” said Rangeland Chief Commercial Officer John R. Millar. “We’re also proud that Brit Speer has joined the Rangeland family. Brit brings a wealth of midstream experience and talent to Rangeland Canada, and he shares our commitment to safe and responsible operations that respect the community and protect the environment.”
About Briton W. Speer
Born in Edmonton, Alberta, Mr. Speer has been an energy executive for 16 years, focusing on crude oil marketing and business development. He most recently was vice president of business development for DK Canada Energy, ULC, a subsidiary of Delek US Holdings, Inc. Prior to DK Canada, he worked for eight years at Pembina Midstream Limited Partnership, where he held positions of increasing responsibility. Mr. Speer began his career at Tidal Energy Marketing, Inc. He graduated with honors from Queen’s University in Kingston, Ontario, with a Bachelor of Commerce.
About Rangeland Energy
Rangeland Energy is headquartered in Sugar Land, Texas, with regional offices in Loving, New Mexico; Midland, Texas; and Calgary, Alberta. Rangeland Energy was formed in 2009 to focus on developing, acquiring, owning and operating midstream infrastructure for crude oil, natural gas, natural gas liquids and other petroleum products. The company is primarily focused on emerging shale plays across North America with an emphasis on the Delaware Basin in West Texas, the Gulf Coast and Canada. The Rangeland team represents more than 300 years of combined midstream experience and is backed by equity commitments from EnCap Flatrock Midstream. Visit www.rangelandenergy.com for more information.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors. Based in San Antonio with offices in Oklahoma City and Houston, EnCap Flatrock is led by Founders and Managing Partners William D. Waldrip, Dennis F. Jaggi and William R. Lemmons Jr. The firm manages investment commitments of nearly $6 billion from a broad group of institutional investors. EnCap Flatrock is currently making commitments to new management teams from EFM Fund III, a $3 billion fund. www.efmidstream.com.
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