Tall Oak Midstream secures equity commitment from EnCap Flatrock

Tall Oak Midstream LLC has announced an initial equity commitment of up to US$ 100 million from private equity firm EnCap Flatrock Midstream. EnCap Flatrock expects to increase its commitment to Tall Oak as the company executes its growth strategy.

Tall Oak plans to develop pipelines and other infrastructure in emerging oil and gas resource plays across North America, with an initial emphasis on the Mid-Continent region of the US, leveraging the management team’s deep midstream and upstream experience and building on strong relationships with oil and gas producers in the region.

Tall Oak Midstream’s management team is led by the company’s four founding partners, a group of accomplished executives from three of the nation’s leading energy companies. The team includes President and Chief Executive Officer Ryan D. Lewellyn, Chief Commercial Officer Carlos P. Evans, Chief Financial Officer Max J. Myers and Chief Operating Officer Lindel R. Larison.

“We are excited to be partnering with EnCap Flatrock and look forward to working together to build an innovative midstream company. Tall Oak has had a great response from the Oklahoma oil and gas community,” said Ryan Lewellyn. “One of the strengths of our team is in the unique skill set each one of us brings to Tall Oak. We have diverse and complementary experience in both the midstream and upstream sectors and that gives us a good understanding of our customers’ needs. We’re dedicated to creating a company that looks at midstream services through that lens, putting the customer first and designing innovative midstream solutions that build value for oil and gas producers.”

Dennis Jaggi, a Managing Partner at EnCap Flatrock and a member of the Tall Oak Board of Directors, said, “Our initial equity commitment to Tall Oak reflects our confidence in Ryan and the outstanding quality of the management team he has assembled. They have a customer-driven approach and experience with significant midstream assets located in complex resource plays. We look forward to supporting Tall Oak’s growth.”

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/12022014/tall_oak_midstream_secures_us_100_million_equity_commitment_from_encap_flatrock_80/