Vivakor Enters into Indication of Interest to Acquire Direct Midstream
Key Highlights
- ➤Vivakor enters non-binding IOI to acquire 100% of Direct Midstream.
- ➤Direct Midstream operates 17 disposal facilities and nine water stations.
- ➤Direct Midstream has approximately 11.5 million barrels monthly permitted capacity.
- ➤Proposed deal would expand Vivakor’s Permian Basin water and waste infrastructure.
- ➤Transaction remains subject to negotiations, due diligence, definitive agreements and closing conditions.
Expert Statements
James Ballengee, Chairman, President and Chief Executive Officer of Vivakor
“We believe Direct Midstream represents a compelling opportunity to expand Vivakor’s infrastructure footprint in the Permian Basin and add significant produced water and waste-management capabilities to our platform.”
James Ballengee, Chairman, President and Chief Executive Officer of Vivakor
“Direct’s disposal, water management and oil reclamation capabilities are highly complementary to our existing businesses and our broader strategy of building an integrated energy infrastructure and environmental services platform.”
Chris Early, President and Chief Executive Officer of Direct Midstream
“We are excited about the opportunity to work with Vivakor and explore combining Direct Midstream’s Permian Basin infrastructure and operating expertise with Vivakor’s broader energy platform.”
Chris Early, President and Chief Executive Officer of Direct Midstream
“We believe our integrated approach to water management, disposal and oilfield waste services provides a strong foundation for continued growth, and that a combination with Vivakor could provide additional resources and opportunities to expand our platform.”
Proposed Transaction Would Expand Vivakor’s Midstream Infrastructure and Environmental Services Platform in the Permian Basin
Dallas, TX, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse and remediation services, today announced that it has entered into a non-binding Indication of Interest (“IOI”) regarding the proposed acquisition of 100% of the outstanding membership interests of Direct Midstream, LLC (“Direct Midstream”), a Midland, Texas-based water midstream company providing produced water infrastructure and oilfield waste management services to oil and gas operators in the Permian Basin.
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