Greetings Steve,
Reaction wood in conifers, as you've indicated, is termed "compression" wood. Reaction wood in hardwoods, is termed "tension" wood. Trees that lean, are uprooted, bent from ice/snow, or trees growing on steep slopes, may often have this eccentric reaction wood trait.
According to R. Bruce Hoadley's "Understanding Wood"...reaction wood forms predominantly toward the upper side of the leaning stem. Because gravity causes the upper side to be in tension, it is termed tension wood. In hardwoods, however, there is less tendency than in softwoods for the pith to be off-center in the stem, and tension wood may develop irregularly around the entire stem...Indications of crookedness or sweep in the log are signals of possible tension wood.
Hopefully this helped!