Energy Acquisitions in Oklahoma

SkyKnight Capital has made a growth investment in Force Electrical Services, a transmission and distribution repair and maintenance provider headquartered in Oklahoma, to support the company's expansion of services and capabilities. The founder will remain a significant shareholder and the existing management team will continue to lead as Force scales its footprint across the South-Central United States.

Pearl Energy Investments has made an equity commitment to newly formed Blackjack Natural Resources, a Dallas- and Oklahoma City–backed upstream oil and gas platform. Blackjack, led by co-CEOs Jeff Wampler and Andrew Haraway and EVP Grant Sykes, will pursue upstream investment opportunities focused on the greater Mid‑Continent region with financial backing from Pearl and equity participation from the management team.

T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, received a strategic minority investment from funds managed by Apollo Global Management. SCF Partners, which acquired TDW in June 2022, will remain the majority owner as Apollo provides growth capital to support TDW's strategic growth initiatives and global expansion.

Brillion, a provider of customer engagement and program management solutions for utilities, has acquired Automated Energy, Inc. (AEI), an Oklahoma City-based provider of energy analytics tools. The acquisition expands Brillion’s ability to serve commercial and industrial (C&I) utility customers by adding AEI’s interactive analytics and energy-management capabilities to Brillion’s engagement platform.

Summit Midstream Corporation and its subsidiary Summit Midstream Partners, LP completed the acquisition of Tall Oak Midstream Operating, LLC (Tall Oak Midstream III) from an affiliate of Tailwater Capital. Consideration included $155 million in cash, 7.5 million common units/shares (equity consideration) and up to $25 million of contingent cash; the deal expands Summit's natural gas gathering and processing footprint in the Arkoma Basin and rebalances its portfolio toward natural gas.

PakEnergy LLC has acquired Plow Technologies, the creator of the OnPing cloud SCADA platform, to expand its suite of automation and performance optimization solutions for the energy and renewables industries. The deal integrates Plow's SCADA and workflow automation capabilities with PakEnergy's field-data and production systems to provide end-to-end automation from the oil field to back-office systems.

Merichem Technologies, a portfolio company of Black Bay Energy Capital, has closed the acquisition of Chemical Products Industries (CPI), a specialty-chemicals maker based in Oklahoma City known for its SULFURTRAP adsorbents and industrial cleaning chemistries. The acquisition will integrate CPI's products into Merichem's Catalyst Division to expand its sulfur-treatment technology suite and strengthen service across markets including renewable fuels, biogas, midstream and downstream oil & gas.

Black Bay Energy Capital has made a growth capital investment in Capture Energy, LLC to accelerate production and distribution of Capture's patent-pending Capture Compressor for oil & gas production facilities. The funding will support scaling manufacturing and deployment to help operators meet emissions-reduction and regulatory requirements across U.S. production regions.

AEGIS Hedging Solutions, a Baird Capital portfolio company, has acquired Ancova Energy and its affiliates to expand its oil & gas marketing services and software capabilities. Ancova's Oklahoma City team and technology will be integrated into AEGIS to enhance physical market insight, revenue and contract management, and producer services.

Tulsa-based Citizen Energy closed the acquisition of substantially all oil and gas properties of Red Bluff Resources and Bricktown Energy, effective April 1, 2022. The deal adds ~13,000 BOEPD (56% liquids), ~200 operated wells and 739 non-op wells (an ~18% increase to Citizen's daily production) and was financed in part with $250 million of senior secured second lien notes provided by private funds managed by EIG; the company also increased its revolving credit facility to $1 billion.

Tall Oak Midstream (Tall Oak II), backed by Dallas-based private equity firm Tailwater Capital, has acquired Redcliff Midstream, a gas gathering, treating and processing provider operating in Oklahoma's Northern STACK play. The acquisition expands Tall Oak II’s pipeline, compression and processing footprint in the Northern STACK Extension region; financial terms were not disclosed.

Creedence Energy Services (a portfolio company of Tower Arch Capital) has recapitalized ProChem Energy Services, making ProChem a wholly owned subsidiary while the Turner family and leadership team remain significant investors. The deal — financed by KeyBank with terms undisclosed — expands Creedence’s geographic footprint and in‑house chemical blending and oilfield service capabilities across major U.S. basins including the Permian, Eagle Ford and SCOOP/STACK.

Riley Exploration – Permian, LLC has completed a merger with Tengasco, Inc.; the combined company will trade as Riley Exploration Permian, Inc. (REPX) following a 1-for-12 reverse stock split. The transaction relocates the corporate office to Oklahoma City, installs Riley management (Bobby D. Riley as CEO) and a newly constituted board, and positions the combined company to grow reserves and production in the Permian Basin.

Tailwater Capital LLC has signed definitive agreements to acquire Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream. The transactions — executed via Tailwater Energy Fund III (Tall Oak III) and Tailwater Energy Fund IV (Tall Oak II) — will be integrated operationally with Tailwater's portfolio company Connect Midstream to expand pipeline, processing and compression capacity in the Arkoma STACK basin. Financial terms were not disclosed.

Denver-based Platform Capital, through its operating platform Platform Fuels Distribution Holdings (Platform Fuels), acquired six independent propane retailers across Oklahoma: Green's Propane (Wellston), Menz Propane (Union City), Dales' Propane (Clayton), Kiamichi LP Gas (Idabel), Ned Guest LP Gas OK (Valliant) and McCurtain County Propane (Broken Bow). The transactions represent an initial platform investment totaling more than $10 million in combined revenue and 5.75 million gallons of annual propane sales; Platform Fuels will retain local trade names and personnel while consolidating administrative functions and implementing operational technology to drive growth and margin expansion.

Oklahoma City-based water infrastructure operator Bison has acquired Woody Creek Midstream, a water midstream company operating in the SCOOP. The deal brings long-term (15–30 year) water gathering and disposal contracts with Casillas Petroleum Resource Partners, Camino Natural Resources and Paloma Operating Company, expanding Bison's footprint and dedicated acreage across the Anadarko Basin.