“You have companies called business development companies that are putting together these energy plays,” said Womack, president of Womack Investment Advisers Inc. “They’re going after all the different phases of the energy sector. There is huge demand, and the income stream is very high in a low interest-rate environment.”
The market is seeing especially strong demand for midstream companies like Tall Oak.
“There are a lot of plays out there to be had,” Womack said. “Companies are finding record amounts of oil due to proving up the technology of fracking, and they have to have a way to store it and transport it.”