Inergy to Acquire Rangeland Energy LLC for $425 Million

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Inergy Midstream L.P. announced on Monday a $425 million agreement to purchase Rangeland Energy LLC, which runs crude oil rail terminal, storage, and pipeline facilities in North Dakota.

Kansas City-based Inergy Midstream said it will finance the acquisition by selling $225 million of common units in a private placement and has obtained debt financing to fund the remaining amount. Read more on Kansas City Star.

 


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