Tailwater Capital Acquires Tall Oak II, III from EnCap Flatrock Midstream

As part of its acquisition of Tall Oak III, Tailwater Capital said it will merge the company’s assets with Tailwater’s existing portfolio company in the Midcontinent region, Connect Midstream, with the Tall Oak team assuming operatorship.

Emily

Patsy

HartEnergy.com

Wed, 01/27/2021 - 03:45 PM

Tailwater Capital LLC agreed on Jan. 27 to acquire Tall Oak Midstream II and III from EnCap Flatrock Midstream for an undisclosed amount.

Tall Oak is a midstream service provider in the Midcontinent region. The company was founded in early 2014 by an Oklahoma City-based team comprised of CEO Ryan D. Lewellyn, CFO Max J. Myers, CCO Carlos P. Evans and COO Lindel R. Larison.

In a joint release, Tailwater said it will acquire the Tall Oak III portfolio in the Arkoma Basin and, in a separate transaction, a majority of assets of Tall Oak II, also located within the Midcontinent in Oklahoma. Financial terms for either transaction were not disclosed.

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