1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Texas >
  6. Tesoro Refining & Marketing Co. Acquires Rangeland Energy II

M&A Deal Summary

Tesoro Refining & Marketing Co. Acquires Rangeland Energy II

On January 3, 2018, Tesoro Refining & Marketing Co. acquired oil/gas exploration company Rangeland Energy II from EnCap Flatrock Midstream

Acquisition Highlights
  • This is Tesoro Refining & Marketing Co.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Tesoro Refining & Marketing Co.’s 1st transaction in the United States.
  • This is Tesoro Refining & Marketing Co.’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-01-03
Target Rangeland Energy II
Sector Oil/Gas Exploration
Buyer(s) Tesoro Refining & Marketing Co.
Sellers(s) EnCap Flatrock Midstream
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)
Jones Day (Legal)

Target

Rangeland Energy II

Sugar Land, Texas, United States
Rangeland II owns and operates the RIO System, a multipart crude oil and frac sand logistics systems. The system provides access and optionality to multiple crude oil producers and end markets and consists of the RIO Pipeline System and the RIO Hub. Rangeland Energy II was founded in 2013 and is based in Sugar Land, Texas.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Tesoro Refining & Marketing Co.

San Antonio,, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Tesoro Refining & Marketing Company LLC offers refining and marketing of motor fuels and petroleum products.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

EnCap Flatrock Midstream

San Antonio, Texas, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2008
PE ASSETS 9.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

EnCap Flatrock Midstream is a private investment firm focused on venture related opportunities in the midstream energy sector. EnCap Flatrock seeks majority positions in natural gas gathering, treating, processing and storage; crude oil gathering and transportation; and natural gas liquids fractionation, storage and transportation. EnCap Flatrock Midstream is affiliated with investment firm EnCap Investments, a large diversified energy investment firm. EnCap Flatrock is based in San Antonio, Texas.

DEAL STATS #
Overall 8 of 16
Sector: Oil/Gas Exploration M&A 7 of 12
Type: Add-on Acquisition M&A Deals 6 of 10
State: Texas M&A 6 of 11
Country: United States M&A 8 of 16
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Gravity Midstream

Houston, Texas, United States

Gravity Midstream is serving the North American refining and distribution complex with supply, infrastructure and logistics solutions. Gravity Midstream is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Lucid Energy Group

Dallas, Texas, United States

Lucid Energy Group is a provider of midstream services to producers in high-growth production areas pursuing organic development projects and strategic acquisitions in other producing basins. Lucid Energy Group is based in Dallas, Texas.

Sell $1.6B
Mergr

Solution for

Product

Company

Legal