Current OAK Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Black Bear Midstream enters into seven-year agreement with undisclosed Cotton Valley producer
Black Bear Midstream, a portfolio company of Oaktree Capital Management (stock ticker: OAK), has entered into a seven-year gas gathering and processing agreement with an undisclosed Cotton Valley producer in Desoto Parish and Caddo Parish, Louisiana.

To support both this contract and other producers on either side of the Louisiana and Texas border, Black Bear will be building approximately 20 miles worth of 16-inch rich gas gathering pipelines to the west of its DeSoto Parish cryogenic processing plant.

Black Bear Midstream’s current asset portfolio (source: Black Bear Midstream)

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