Midstream infrastructure operator Rangeland Energy has formed a portfolio company to pursue acquisitions and projects in conventional and unconventional natural gas and oil plays, along with “decarbonization” opportunities in North America.

Rangeland, based near Houston in Sugar Land, formed Rangeland Energy IV after securing a $300 million equity commitment from EnCap Flatrock Midstream.

“Rangeland IV will be focused on acquiring assets and developing projects that accommodate an ever-increasing global demand for traditional energy commodities while simultaneously assessing new opportunities in an evolving energy landscape,” said CEO Chris Keene.

CFO Craig Peus told NGI that Rangeland is seeking greenfield and brownfield opportunities. The company is in “early...