Inergy Midstream (NRGM +2.2%) agrees to acquire Rangeland Energy, owner and operator of the COLT...

|By:, SA News Editor

Inergy Midstream (NRGM +2.2%) agrees to acquire Rangeland Energy, owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities in North Dakota's Bakken and Three Forks shale areas, for $425M. NRGM will sell $225M of common units in a private placement and has obtained committed unsecured debt financing to fund the acquisition. NRGY +4.1%.