Vivakor Completes Direct Midstream Due Diligence, Advancing Proposed $40 Million Acquisition Toward Definitive Agreement
Globe Newswire•23/10/2026•09:00 ET
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Key Highlights
- ➤$40 million acquisition of Direct Midstream advances toward definitive agreement
- ➤Direct Midstream adds 17 saltwater disposal facilities and nine water stations
- ➤11.5 million barrels monthly permitted disposal capacity expands Permian Basin infrastructure
- ➤$10 million closing investment would reduce seller consideration dollar-for-dollar
- ➤Vivakor cautions transaction remains subject to final terms, funding and closing conditions
Expert Statements
James Ballengee, Chairman, President and Chief Executive Officer of Vivakor
“Direct Midstream represents a substantial opportunity to expand the scale and reach of Vivakor’s infrastructure platform”
James Ballengee, Chairman, President and Chief Executive Officer of Vivakor
“With due diligence complete, our focus is on finalizing a definitive agreement. Direct’s water management, disposal and oil reclamation capabilities would complement our transportation and terminaling operations while supporting our RPC strategy, positioning Vivakor to serve a broader range of customer needs across the Permian Basin.”
Proposed acquisition would add 17 saltwater disposal facilities and approximately 11.5 million barrels per month of permitted disposal capacity, supporting Vivakor’s RPC strategy
Dallas, TX, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse and remediation services, today announced completion of its due diligence review of Direct Midstream, LLC, advancing the proposed $40 million acquisition toward a definitive purchase agreement.
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