Fresh off its acquisition in January by private equity firm Tailwater Capital, Okla. City-based Tall Oak Midstream has made its first purchase in a shale play the company knows like the back of its hand—the Anadarko Basin’s STACK. Reese Energy Consulting today is following the latest news from Tall Oak, which has acquired Redcliff Midstream from Canyon Midstream for an undisclosed sum. The bolt-on deal includes 200+ miles of newly built gathering pipelines, five compressor stations across four Okla., counties, and a 240 MMCFD cryogenic gas processing plant in the Northern STACK Extension. This liquids-rich area, according to Tailwater, offers a robust inventory of economic undeveloped drilling locations with underutilized midstream infrastructure that Tall Oak continues to evaluate in a search for additional bolt-on opportunities to grow its regional presence. Tall Oak’s existing STACK assets include more than 750 miles of low- and high-pressure gathering lines across seven Okla., counties.
Tall Oak Midstream
Tall Oak Midstream was founded in early 2014 by a team of experienced executives with diverse and complementary backgrounds across the midstream and upstream sectors. With a firm belief in a set of core values and a dedication to creating a customer-driven company that operates with excellence as its standard and innovation as a requirement, the Tall Oak team provides oil and gas producers a full suite of midstream services custom designed to meet our customers’ specific requirements and help achieve their business objectives.