T&K Mentioned in Oil & Gas Investor on EnCap and Rangeland Energy Sale of Rangeland II

“Andeavor To Boost Permian Position With Rangeland II Acquisition”

An affiliate of Andeavor (NYSE: ANDV) will acquire Rangeland Energy II, which owns and operates the RIO System in the Delaware Basin, in an all-cash transaction expected to close early first-quarter 2018.

Rangeland Energy and its financial sponsor EnCap Flatrock Midstream entered an agreement to sell Rangeland II to Tesoro Refining & Marketing Co. LLC, a wholly owned subsidiary of San Antonio-based Andeavor, for an undisclosed amount, the companies said Jan. 3.

Thompson & Knight LLP provided legal counsel to EnCap Flatrock Midstream.