EnCap Flatrock commits $100m to midstream firm

Private equity firm EnCap Flatrock has committed $100m to newly-formed Tall Oak Midstream.

Oklahoma-based Tall Oak Midstream has received a $100 million commitment from EnCap Flatrock Midstream, a private equity firm focusing on midstream infrastructure opportunities across North America, Tall Oak said in a statement.

EnCap Flatrock will deploy the capital from EnCap Flatrock Midstream Fund II, a $1.75 billion fund and expects to increase its commitment as newly-formed Tall Oak executes its growth strategy.

Tall Oak will pursue midstream opportunities in emerging resource plays across North America with an initial emphasis on the Mid-Continent region of the US.

“One of the strengths of our team is in the unique skill set each one of us brings to Tall Oak,” the company’s president and chief executive Ryan Lewellyn said.

“We have diverse and complementary experience in both the midstream and upstream sectors, and that gives us a good understanding of our customers’ needs,” he said.

The company’s four founding partners, who are also executives of the company, have previously worked for leading energy companies such as Chesapeake Energy, DCP Midstream, and OGE Energy.

EnCap Flatrock Midstream, based in San Antonio, Texas and Edmond, Oklahoma, was founded in 2008 by EnCap Investments and Flatrock Energy Advisors. It manages nearly $3 billion from a broad group of institutional investors.