One-Page Deal Sheet
Tailwater Capital to Acquire Tall Oak Midstream II, III from EnCap
Tailwater Capital Encap Flatrock Midstream, Tall Oak Midstream II, LLC, Tall Oak Midstream III LLC
Announced Date
January 28,2021
Transaction Type
Corporate
Location
Region
Mid-Continent - Anadarko Basin,Mid-Continent - Arkoma Basin
Country
United States
State
Oklahoma
Play
Transaction Details: Require Private Equity Subscription
Tailwater Capital LLC has signed definitive agreements to acquire Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream.
Financial terms were not disclosed.
Tall Oak III TransactionThrough this transaction, Tailwater will acquire a leading midstream service provider in the Arkoma Basin.
As part of the transaction, the Tall Oak team – led by Ryan Lewellyn, Carlos Evans, Max Myers and Lindel Larison – will operate Tailwater's existing portfolio company, Connect Midstream, a full-suite midstream service provider in the same geographic region, creating the potential…