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Oil, gas boom helps Tall Oak Midstream put roots down in Edmond

Tall Oak Midstream formed in Edmond this month with a private equity investment of $100 million.
by Adam Wilmoth Modified: February 12, 2014 at 5:00 pm •  Published: February 11, 2014

Tall Oak illustrates a growing trend in the oil and natural gas industry of new and existing companies finding plenty of willing investors in the private equity market. Edmond financial adviser Greg Womack said the trend is likely to continue.

“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.”

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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