Houston-based Summit Midstream will buy Tall Oak Midstream III in a cash-and-stock deal worth approximately $450 million, Tall Oak’s portfolio partner Tailwater Capital announced Oct. 1. (Source: Shutterstock)
Houston-based Summit Midstream Corp. (SMC) will buy Tall Oak Midstream III in a cash-and-stock deal worth approximately $450 million, Tall Oak’s portfolio partner Tailwater Capital announced Oct. 1.
Tall Oak’s assets include a gathering and processing system in the Arkoma Basin in Arkansas and Oklahoma. The company has two 220 MMcf/d natural gas processing plants and 411 miles of gas-gathering lines.
Map of Tall Oak's gathering and processing system in the Arkoma Basin in Arkansas and Oklahoma. (Source: Tall Oak)
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