Paul Hastings Represents Tall Oak Midstream in $100 Million Financing

October 16, 2014

Houston, TX - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Tall Oak Midstream, LLC, an innovative midstream company, in securing a $100 million senior credit facility that may be expanded to $150 million. The financing will be to support Tall Oak Midstream’s subsidiary, TOMPC, LLC and will assist in building-out and expanding its natural gas gathering and processing system in the Central Northern Oklahoma Woodford (CNOW) play.

Five banks participated in the credit facility with Capital One Securities Inc. and Compass Bank acting as joint lead arrangers and Amegy Bank, BancFirst and Bank of Oklahoma serving as additional participants.

This year Paul Hastings has advised Tall Oak in securing more than half a billion dollars in equity and debt capital. Prior to this debt financing, EnCap Flatrock and Tall Oak’s management made an initial $100 million commitment to Tall Oak in February and have since made additional equity commitments totaling $400 million in the aggregate.

Leveraged Finance partner Michael Chernick, Energy partner Jimmy Vallee and of counsel Lindsay Sparks led the Paul Hastings team, which also included Energy Tax partner Greg Nelson, Kim Hicks, Alexandra Ciganer and Will Mabry.

Paul Hastings’ Houston office also recently advised Atlas Pipeline Partners, LP in a $800 million financing, SHD Oil & Gas, LLC in a $200 million financing, Castex Energy 2005, L.P. in a $200 million equity commitment from Riverstone Holdings, LLC, Atlas Resource Partners, LP in the purchase of substantially all of the assets of GeoMet, Inc., NuStar Logistics in a $300 million public offering and Wells Fargo in a $1.5 billion financing for Legacy Reserves LP.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.