What’s causing the bark on this red oak tree to strip like this?

I bought this house a month ago and this tree has always been missing bark. Is this a sign of disease/infestation and I should have someone take a look or does it seem like it’s nothing to worry about? I included a base of the tree to show that the bark looks good there. Leaves don’t have any wilt and are completely green. I’ve heard about Oak Wilt but I don’t know much about it. Any information provided would be greatly appreciated