I have two huge red oaks in my yard with similar symptoms. One is because of a lighting strike. The lighting also took out the electrical in my shop since the tree sets right next to the shop. The other tree is because a choker cable was wrapped around it back in 1974. I remember because the wrecker was trying to pull a d2 dozer up the side of the mountain and had to anchor off to the tree to winch the dozer. The choker left a large circle of bark stripped off the tree. Black ants made a home inside the tree which I am sure is hollow. I had a bunch of brush chipped and placed around the tree as a mulch back about 15 years ago. The scar has since healed over, I never see any black ants anymore. While there are still a few dead limbs that fall out every now and then, the tree seems to have healed itself and produces a large crop of acorns and leaves every years. I figure sooner or later I will have to take both trees down, but for now, as long as I keep the trees mulched with wood chipping, and they dont pose a danger, I will just let them live.