Newspaper article THE JOURNAL RECORD

Enlink Completes Tall Oak Acquisition

Newspaper article THE JOURNAL RECORD

Enlink Completes Tall Oak Acquisition

Article excerpt

OKLAHOMA CITY - EnLink Midstream has completed the purchase of Oklahoma City-based Tall Oak Midstream for $1.55 billion.

"The acquisition of Tall Oak is consistent with our growth strategy and will provide additional expansion opportunities in one of the best plays in the nation, the liquids-rich STACK play," said Barry E. Davis, EnLink Midstream president and CEO. "This region offers some of the best drilling economics in North America with low break-even prices and active producer customers who are committed to growing in the area.

Tall Oak's gathering, processing and compression assets are in the core of the STACK and Central Northern Oklahoma Woodford plays.

Oklahoma City-based Devon Energy will provide EnLink with five- year minimum volume commitments for gathering and processing on the dedicated Felix acreage. …

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