STACK One Up for Tall Oak

STACK One Up for Tall Oak

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.

www.talloakmidstream.com

What do you think? Learn more about Reese Energy Consulting and our natural gas and midstream expertise at www.ReeseEnergyConsulting.com.

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Frozen. No Longer Just a Disney Movie

Frozen. No Longer Just a Disney Movie

One of our Reese Energy Consulting team members received this question yesterday: “I live in Wyoming and we’ve never experienced anything like the number of frozen wells and gas plants in Texas. What’s up?” REC reached out to our friend Justin Mecklenburg, CEO of Okla.-based NeoInsulation, for an answer. Mecklenburg echoes The Houston Chronicle’s latest report as a lack of winterization—especially insulation—on vulnerable back pressure and ball valves and pipes that simply can’t withstand 7-14 days of prolonged exposure to Arctic temps and ice. Old-school insulation without heat trace, he says, won’t cut it—something Texas and Okla., found out the hard way with frozen wells and gas plants. Neo’s patented insulation along with heat trace technology have resulted in more than 3,000 zero-fail installations, including current operations still humming along in both states. It’s a small investment, Mecklenburg adds, when you consider losing thousands if not millions a day.

Neoinsulation

NeoInsulation provides revolutionary, state of the art protective solutions for the oil & gas and industrial industries through its patented insulation applications.

www.neoinsulation.com

What do you think? Learn more about Reese Energy Consulting and our natural gas, LNG, and midstream expertise and services at www.ReeseEnergyConsulting.com.

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Energy Transfer Grows More Tentacles

Energy Transfer Grows More Tentacles

Texas and Okla., are back in the headlines this morning but it’s not the frigid weather lifting eyebrows this time. Reese Energy Consulting is following breaking news from Dallas-based pipeline behemoth Energy Transfer, which has announced it will acquire Okla. City-based Enable Midstream in an all-equity deal valued at 7.2 billion. The merger includes 14,000 miles of natural gas, crude, condensate and produced water gathering pipe; 15 major processing plants; 10,000 miles of intrastate and interstate natural gas pipelines; and 7 gas storage facilities across Okla., Texas, La., Mo., and into Ill. The combined company strengthens Energy Transfer’s already sizeable NGLs system with added gathering and processing assets in Okla.’s Anadarko Basin and connectivity to its Gulf Coast fractionation complex. Other perks include Enable’s gas gathering and processing assets in the Arkoma Basin across Okla., and Ark., and the Haynesville in La., and Texas. We now return you to your regular weather programming.

 

Energy Transfer

Energy Transfer is one of the largest and most diversified midstream energy companies in the country with approximately 90,000 miles of pipelines traversing 38 states transporting the oil and gas products that make our lives possible.

www.energytransfer.com

What do you think? Learn more about Reese Energy Consulting and our range of natural gas marketing and midstream services at www.ReeseEnergyConsulting.com.

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