Tailwater Capital sells Tall Oak Midstream III assets to Summit Midstream Corp for $450M, enhancing Summit's Arkoma Basin operations.

Tailwater Capital is selling its Tall Oak Midstream III assets to Summit Midstream Corporation for about $450 million, including $155 million in cash and shares. The deal, expected to close in Q4 2024, enhances Summit's midstream operations in the Arkoma Basin, adding significant gas processing capacity and pipeline infrastructure. The acquisition aims to strengthen Summit’s market position and financial flexibility, potentially allowing for shareholder returns by 2025.

October 01, 2024
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