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New Midstream Company Lands $300 Million in Equity
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Tall Oak Midstream, LLC announced that its founders have formed Tall Oak Midstream II, LLC with an initial equity commitment of up to $300 million from private equity firm EnCap Flatrock Midstream and Tall Oak management.
Tall Oak will continue to focus on operating and expanding its midstream assets in the Mid-Continent, while Tall Oak II will pursue midstream opportunities in other resource plays across North America. The formation of Tall Oak II leverages the management team’s deep midstream experience and builds on its strong relationships with oil and gas producers.
Tall Oak President and CEO Ryan D. Lewellyn commented: "We are excited to broaden our relationship with EnCap Flatrock Midstream with the goal of delivering world-class midstream solutions and customer service to North…
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