Calgary-based Kingston Midstream Limited signed an agreement to acquire Rangeland Midstream Canada Ltd. from Rangeland Energy and its financial sponsor EnCap Flatrock Midstream. Included in the deal is the Marten Hills Pipeline System, comprised of crude oil and condensate pipelines and related assets serving the core of the Marten Hills region of north-central Alberta in the prolific Clearwater play. Dentons is serving as legal counsel and RBC Capital Markets as financial advisor to Kingston on the transaction. Weil, Gotshal & Manges LLP is serving as legal counsel and Scotiabank as exclusive financial advisor to Rangeland Canada. The deal is anticipated to be completed by the end of the third quarter of 2023, subject to customary regulatory approvals.