Tall Oak Midstream
Tall Oak Midstream Operating, LLC is a private Oklahoma-based midstream company operating approximately 476 miles of natural gas gathering pipelines and two 220 MMcf/d processing plants, serving upstream E&P producers in the Arkoma Basin under long-term fee-based contracts.
- Company typePrivate
- Founded2014
- HeadquartersEdmond, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tall Oak Midstream does
Tall Oak Midstream Operating, LLC is a private midstream energy services company headquartered in Edmond, Oklahoma, that owns and operates a large-scale natural gas gathering and processing system concentrated in Oklahoma's Arkoma Basin. The company's core infrastructure consists of approximately 476 miles of gathering pipeline and two natural gas processing plants each with 220 MMcf/d of capacity (440 MMcf/d combined), which collect raw natural gas from upstream wells, remove impurities, and extract natural gas liquids. The system serves upstream exploration and production companies operating in the basin that require dedicated midstream infrastructure to move wellhead production to market.
Tall Oak generates revenue exclusively through a fee-based, recurring model: it charges upstream producers for gathering and processing services under long-term contracts averaging 13 years in remaining tenor, providing stable and predictable cash flows without direct exposure to natural gas or NGL commodity prices. The go-to-market is direct enterprise sales to E&P counterparties in the basin, with contract pricing negotiated on a throughput and processing-requirement basis rather than disclosed publicly. The company does not appear to operate outside Oklahoma or serve non-natural-gas midstream segments.
Founded in 2014, Tall Oak was initially capitalized with a $100 million round led by EnCap Flatrock Midstream and subsequently came under the ownership of private equity firm Tailwater Capital LLC. In March 2021, the platform expanded its asset base via the acquisition of Redcliff Midstream. In October 2024, Tailwater Capital announced the sale of Tall Oak Midstream Operating, LLC to Summit Midstream Corporation for approximately $450 million (comprising $155 million in cash, roughly 7.5 million shares representing approximately 40% ownership in the pro forma company, and up to $25 million in contingent consideration through March 2026), with closing expected in Q4 2024.
Tall Oak Midstream firmographics
Firmographics- Name
- Tall Oak Midstream
- Legal name
- Tall Oak Midstream Operating, LLC
- Website
- https://talloakmidstream.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tall Oak Midstream Operating, LLC is a private Oklahoma-based midstream company operating approximately 476 miles of natural gas gathering pipelines and two 220 MMcf/d processing plants, serving upstream E&P producers in the Arkoma Basin under long-term fee-based contracts.
- Ownership category
- akta.pro rank
Tall Oak Midstream industry classification
Industry- Product category
- Natural Gas Midstream Services
- NAICS
- Pipeline Transportation of Natural Gas (486210)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- Natural Gas Gathering Systems (EUAAACAA)
- akta.pro secondary industries
- Gas Processing Plant Residue Gas & NGL Takeaway (Midstream Interface) (EUAAACAK), Natural Gas Gathering Systems (EUALACAA)
Keywords
Where Tall Oak Midstream is headquartered
LocationHeadquarters
- HQ city
- Edmond
- HQ country
- United States
- HQ region
- North America
Markets served
Tall Oak Midstream business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D
Revenue model
- Gas Gathering and Processing Fees: Fee-based revenue model from natural gas gathering and processing services. Long-term, fee-based contracts averaging 13 years underpin the revenue stream, providing stable and predictable cash flows. No commodity price exposure as fees are charged regardless of natural gas prices.
Go-to-market motion1 record
Distribution channels1 record
Tall Oak Midstream product offering
Product offeringCore offering
Tall Oak Midstream provides midstream natural gas services, including gathering, processing, and natural gas liquids (NGL) takeaway, for oil and gas producers in the Arkoma Basin of southeastern Oklahoma. The company operates two 220 MMcf/d cryogenic processing plants, roughly 476 miles of gathering pipelines, and a downstream NGL takeaway solution through the Red Rock system.
Product overview
Tall Oak Midstream operates a single integrated midstream infrastructure system focused on natural gas gathering and processing. The company's core offering consists of a large-scale gas gathering and processing system in Oklahoma's Arkoma Basin with two 220 MMcf/d processing plants and approximately 476 miles of gathering lines. All operations are underpinned by long-term, fee-based contracts averaging 13 years. Note: The company was being acquired by Summit Midstream Corporation in Q4 2024 for approximately $450 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Gathering Services Low-pressure and high-pressure natural gas gathering via approximately 476 miles of pipeline connecting producer wells in the Arkoma Basin to Tall Oak's processing and takeaway infrastructure under long-term, fee-based contracts averaging 13 years.
- Cryogenic Natural Gas Processing Cryogenic processing of natural gas delivered from the gathering system to recover natural gas liquids (NGLs), with a combined processing capacity of 440 MMcf/d across two 220 MMcf/d plants in southeastern Oklahoma.
- NGL Takeaway via the Red Rock System Downstream natural gas liquids takeaway solution delivered via the Red Rock pipeline system, providing producers with a complete gathering-to-takeaway pathway for NGLs recovered at Tall Oak's cryogenic processing plants.
Quantifiable outcome
- Long-term fee-based contracts averaging 13 years ensure stable, predictable cash flows
Companies that use Tall Oak Midstream
Customer profileSegments1 record
Ideal customer profiles1 record
Tall Oak Midstream technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Tall Oak Midstream partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Summit Midstream CorporationcoreSummit Midstream Corporation acquiring Tall Oak Midstream Operating, LLC for approximately $450 million in a combination of cash, stock representing approximately 40% ownership, and contingent consideration. The transaction includes $155 million in cash, roughly 7.5 million shares, and up to $25 million in additional payments through March 2026, with closing expected in Q4 2024.
Scale indicators5 records
Recent moves5 records
Expansion highlights3 records
Tall Oak Midstream competitors and assessment
Company assessmentBroad incumbents
- Genesis Energy: Diversified midstream energy company with natural gas gathering and processing operations in the Gulf of Mexico and select onshore basins; relevant comparable for the midstream infrastructure business model.
- ONEOK: Large natural gas midstream incumbent with gathering, processing, and NGL transportation across the Williston, Powder River, and Permian basins; broader scale than Tall Oak but overlapping capabilities.
- Williams Companies: Major U.S. energy infrastructure company operating large-scale natural gas gathering, processing, and transportation systems; significantly broader geographic footprint but overlapping business segments.
Direct peers
- Targa Resources: Major midstream operator focused on natural gas gathering, processing, and NGL transportation across multiple U.S. basins; operates large-scale processing plants comparable to Tall Oak's two 220 MMcf/d facilities.
- Crestwood Equity Partners: Midstream partnership with substantial natural gas gathering and processing operations including the Barnett and Fayetteville shales; directly comparable infrastructure model, customer mix, and contract structure to Tall Oak.
- NGL Energy Partners: MLP focused on NGL logistics, water solutions, and crude oil gathering; relevant comparable for the NGL takeaway and processing economics underlying Tall Oak's midstream operations.
- Kinetik Holdings: Midstream energy company with natural gas gathering, processing, and transportation operations concentrated in the Permian; highly comparable infrastructure footprint and fee-based revenue model.
- Summit Midstream Corporation: Tall Oak's acquirer and a natural gas gathering/processing operator with significant operations across the Barnett, Marcellus, Williston, and Arkoma basins. Closely comparable fee-based midstream business model and processing scale.
- EnLink Midstream: Integrated midstream operator with natural gas and crude gathering and processing operations across Louisiana, Texas, Oklahoma, and the Mid-Continent; comparable customer base and contract economics.
- DCP Midstream: One of the largest U.S. natural gas midstream companies with gathering, processing, and NGL recovery across mid-continent and other producing basins; directly comparable scale and customer profile.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Tall Oak Midstream social profiles
Digital presenceTall Oak Midstream financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tall Oak Midstream leadership team
Management profileNumber of profiles
Profiles3 records
Tall Oak Midstream funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tall Oak Midstream M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tall Oak Midstream
What does Tall Oak Midstream do?
Tall Oak Midstream provides midstream natural gas services, including gathering, processing, and natural gas liquids (NGL) takeaway, for oil and gas producers in the Arkoma Basin of southeastern Oklahoma. The company operates two 220 MMcf/d cryogenic processing plants, roughly 476 miles of gathering pipelines, and a downstream NGL takeaway solution through the Red Rock system.
Is Tall Oak Midstream a public or private company?
Tall Oak Midstream is a private company. It is classified as private equity controlled and is currently operating.
When was Tall Oak Midstream founded?
Tall Oak Midstream was founded in 2014. It employs 11 to 50 people.
Where is Tall Oak Midstream based?
Tall Oak Midstream is headquartered in Edmond, United States, in the North America region.
How does Tall Oak Midstream make money?
One revenue line is on record: gas Gathering and Processing Fees.
Who are Tall Oak Midstream's main competitors?
Broad incumbents on record are Genesis Energy, ONEOK and Williams Companies. Direct peers are Targa Resources, Crestwood Equity Partners, NGL Energy Partners, Kinetik Holdings, Summit Midstream Corporation, EnLink Midstream and DCP Midstream.
Does Tall Oak Midstream have an API?
No public API is recorded for Tall Oak Midstream.
What industry is Tall Oak Midstream in?
Tall Oak Midstream's product category is Natural Gas Midstream Services. Its primary akta.pro industry code is EUAAACAA, Natural Gas Gathering Systems, with a secondary code of EUAAACAK, Gas Processing Plant Residue Gas & NGL Takeaway (Midstream Interface). Its NAICS code is 486210 and its SIC code is 4922.