For a trio of Tulsa businessmen, it’s the perfect time to start a new oil and natural gas company in Oklahoma City.
Brandon Webster, Chad Cagle and Zach Gray last month moved into Valiant Midstream LLC’s new north Oklahoma City office and have begun looking for projects to support Oklahoma’s again-active oil fields.
Backed by a $150 million, 10-year investment by Dallas-based private equity firm Tailwater Capital, Valiant Midstream is designed to build or buy gathering, processing and pipeline assets in Oklahoma, including the STACK, SCOOP and other parts of the Anadarko Basin as well as southeast Oklahoma’s Arkoma Basin, the founders said.
“We feel like the there’s some stability within the crude and gas prices now, and it’s always a good time to invest when things are on the rise again,” Webster said. “We also see the talent pool in the Oklahoma City area as a driver to start a midstream business now.”