M&A Deal Summary

Tall Oak Midstream II Acquires Redcliff Midstream

On March 24, 2021, Tall Oak Midstream II acquired energy services and equipment company Redcliff Midstream from Canyon Midstream Partners

Acquisition Highlights
  • This is Tall Oak Midstream II’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tall Oak Midstream II’s 1st transaction in the United States.
  • This is Tall Oak Midstream II’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-03-24
Target Redcliff Midstream
Sector Energy Services and Equipment
Buyer(s) Tall Oak Midstream II
Sellers(s) Canyon Midstream Partners
Deal Type Divestiture

Target

Redcliff Midstream

Houston, Texas, United States
Redcliff Midstream provides gas gathering, treating, and processing services throughout the northern region of the STACK play. Today, the Company’s infrastructure system comprises more than 200 miles of gathering pipeline, a network of five field compression stations across Woodward, Dewey, Blaine, and Canadian counties, and a 240 MMcf/day cryogenic gas processing plant in Woodward County.

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Buyer(S) 1

Buyer

Tall Oak Midstream II

Edmond, Oklahoma, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Tall Oak Midstream II is a full-suite midstream provider serving customers in the Mid-Continent. Tall Oak II was established to pursue greenfield and acquisition opportunities in oil and gas plays across North America and currently consists of over 750 miles of low and high-pressure gathering lines across eight Oklahoma counties in the STACK Extension. Tall Oak Midstream II is based in Edmond, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Canyon Midstream Partners

Houston, Texas, United States

Category Company
Founded 2012
Sector Energy Services and Equipment
DESCRIPTION

Canyon Midstream Partners (CMP) is an independent midstream company that provides gathering, compression, dehydration, treating and processing services to natural gas producers, marketers and end-users. CMP seeks opportunities to create value for its customers by developing assets to serve new producing regions and expanding existing infrastructure to accommodate growing production volumes. Canyon Midstream Partners was founded in 2012 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1