Enlink Midstream to buy Tall Oak for $1.55 bln

EnLink Midstream Partners LP and EnLink Midstream LLC have agreed to buy Tall Oak Midstream LLC for $1.55 billion. The deal calls for TPG Capital to invest $750 million, a separate statement said. Tall Oak is a midstream company focused on developing and operating crude oil and natural gas gathering, compression, processing, treating, transportation and marketing services to oil and gas producers in the Mid-Continent. Also, Devon Energy Corp. has agreed to acquire Felix Energy LLC for $1.9 billion. Citi provided financial advice to Tall Oak.

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