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Meritage lll attracts $300 million

Colorado-based Meritage Midstream Services lll LP a newly formed midstream partnership has attracted an equity commitment of up to $300 million from funds managed by energy private equity firm Riverstone Holdings LLC to pursue midstream opportunities in Western Canada’s emerging resource plays. Meritage ll provides oil and gas producers in the Powder River Basin with a full range of midstream services including natural gas gathering, compression, treating and processing, NGL treating and transportation and crude oil gathering, handling an transportation.