Kingston Midstream to acquire Rangeland Midstream Canada from EnCap Flatrock-backed Rangeland.

Kingston Midstream, a company that engages in the movement, storage, marketing and distribution of crude oil, agreed to acquire Rangeland Midstream Canada from EnCap Flatrock-backed Rangeland, an operator of midstream infrastructure for crude oil, natural gas. Financial terms were not disclosed. “From the outset, our goal was to demonstrate to the producer community that the midstream model in Canada can be done differently. We brought our pipeline into service during the most extraordinarily uncertain oil price environment the market had ever experienced, and our team worked closely with our customers through that challenging period. We would like to thank our field team in Athabasca who have operated these assets with the utmost professionalism and have a flawless safety record to show for it," Briton Speer, Rangeland Midstream Canada President.