Tall Oak Midstream Receives Additional Equity Investment From Encap Flatrock

April 27, 2015

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 an equity commitment of $300 million from the energy midstream-focused private equity firm – EnCap Flatrock Midstream for the formation of Tall Oak Midstream II, LLC.

This most recent $300 million equity commitment, the third such commitment EnCap Flatrock and certain affiliated funds have made to the Tall Oak management team, brings the total equity and debt capital available to Tall Oak and Tall Oak II to $850 million in the aggregate. Tall Oak was formed in early 2014 with an initial $100 million equity commitment from EnCap Flatrock and Tall Oak’s founders, which equity commitment was later increased to $400 million in June 2014. Tall Oak also obtained a $100 million senior credit facility that may be expanded to $150 million to support Tall Oak’s subsidiary, TOMPC, LLC, in building-out and expanding its natural gas gathering and processing system in the Central Northern Oklahoma Woodford (CNOW) play. The firm also advised Tall Oak on each of those transactions.

Energy partner Jimmy Vallee led the Paul Hastings team, which included associates Kim Hicks and Will Mabry, and Tax partner Greg Nelson.
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.