Enlink Midstream Agrees to Acquire Tall Oak Subsidiaries
A subsidiary of EnLink Midstream signed definitive agreements to acquire subsidiaries of Tall Oak Midstream for $1.55 billion. Tall Oak assets serve gathering and processing needs in the growing STACK and Central Northern Oklahoma Woodford plays in Oklahoma.
Separately, a subsidiary of Devon Energy agreed to acquire Felix Energy for $1.9 billion, which holds acreage dedicated to the Tall Oak system.
“This unique and highly attractive transaction underscores the strength and synergies of EnLink’s partnership with Devon,” said Barry E. Davis, EnLink president and CEO. “The acquisition is consistent with our growth strategy and will provide EnLink with an expanded position in one of the best plays in the nation, the liquids-rich STACK play, as well as expand our Oklahoma footprint and diversify our customer base.”
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Comments