Rangeland Energy Begins Operations at its South Texas Energy Products System (STEPS) Terminal Facility in Corpus Christi, Texas

Rangeland
Energy III, LLC (“Rangeland”) today announced that operations
commenced at its STEPS
terminal in Corpus Christi, Texas, on Monday, June 4. Rangeland also
announced that in June the company will begin loading diesel onto
railcars for a leading refined products customer. The diesel will be
delivered to third-party inland terminals in Mexico via the Kansas
City Southern Railway (NYSE: KSU).

“Rangeland is looking forward to facilitating the transportation of
diesel to destinations in Mexico for a major industry player,” said
Rangeland President and CEO Christopher W. Keene. “This is the first
customer to contract with us for services at the STEPS facility. As we
continue to build out the STEPS project, we are working with other key
marketers, refiners and producers to provide services into and out of
STEPS.”

About STEPS

STEPS is an integrated hydrocarbon logistics system that receives and
stores refined products, liquefied petroleum gas (“LPG”) and other
hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and
transports them to terminals primarily located in Mexico. During the
initial phase of the project, refined products and LPGs will be received
in the Corpus Christi terminal then shipped to third-party inland
terminals located in Mexico. In subsequent phases, marine facilities in
Corpus Christi and Mexico will be added to the system, along with the
infrastructure to accommodate additional commodities including crude
oil, condensate and fuel oil. The STEPS project expands upon and
leverages Rangeland’s successful track record of developing similar
infrastructure in the Bakken Shale and Permian Basin.

The terminal site in Corpus Christi is strategically situated along the
Kansas City Southern Railroad mainline within five miles of the Port of
Corpus Christi and the Valero, CITGO and Flint Hills refineries. Inbound
products initially will be delivered by truck or rail, followed later by
pipeline and barge. Refined products and LPGs will move out of the STEPS
Corpus Terminal primarily by rail, but the terminal could eventually
connect to pipelines and vessels.

About Rangeland Energy

Headquartered in Sugar Land, Texas, Rangeland Energy was formed in 2009
to focus on developing, acquiring, owning and operating midstream
infrastructure for crude oil, natural gas, natural gas liquids and other
petroleum products. The company is focused on emerging hydrocarbon
production areas across North America, with a current emphasis on the
Gulf Coast and Canada. The Rangeland team represents more than 200 years
of combined midstream experience and is backed by an equity commitment
from EnCap Flatrock Midstream. Visit www.rangelandenergy.com
for more information.

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