Olenox Industries to Acquire Vivakor’s Oklahoma Midstream Business for $36M

Event summary

  • Olenox Industries has signed a non-binding LOI to acquire Vivakor’s midstream business in Oklahoma’s STACK play for $36M.
  • The deal includes cash, promissory notes, and stock, based on $4.56M in annual EBITDA with a take-or-pay guarantee.
  • CPE Gathering operates the Omega pipeline system, providing crude gathering, transportation, and terminaling services.
  • The transaction is expected to close by March 31, 2026, subject to customary closing conditions.

The big picture

Olenox Industries is expanding its presence in the Oklahoma STACK play through this acquisition, aiming to build an integrated energy, technology, and infrastructure platform. The deal aligns with broader industry trends of consolidation in midstream assets to capture fee-based, predictable cash flows. The $36M transaction reflects Olenox’s strategy to elevate core brands and reduce exposure to commodity price fluctuations.

What we're watching

Integration Strategy
How Olenox will align midstream logistics with its field services to lower per-well costs and improve uptime.
Fee-Based Revenue
Whether the acquisition can sustain predictable revenue through integrated gathering and terminaling, reducing exposure to commodity volatility.
Execution Risk
The pace at which Olenox can close the deal and integrate the new assets into its existing operations.

Related topics

Acquisition EBITDA Merger