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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