Vivakor moves toward acquiring Direct Midstream’s 17 water‑disposal sites
Vivakor, Inc. finished its due‑diligence review of Direct Midstream, LLC and is working to finalize a definitive agreement to buy the company. The proposed transaction would add 17 salt‑water disposal facilities with about 11.5 million barrels per month of permitted capacity. The deal is valued at roughly $40 million and is intended to expand Vivakor’s Permian Basin water‑and‑waste platform.
Why it matters
The acquisition would increase Vivakor’s disposal capacity and could broaden its service offering in the Permian Basin, potentially supporting higher revenue streams once completed (the company says the deal aligns with its RPC strategy). However, the transaction remains subject to final terms, funding and other conditions, so the impact is not guaranteed.
Key facts
- 1Vivakor completed due‑diligence on Direct Midstream, advancing a proposed acquisition. stocktitan.net
- 2The target includes seventeen salt‑water disposal facilities. stocktitan.net
- 3The facilities provide approximately 11.5 million barrels per month of permitted disposal capacity. stocktitan.net
- 4The transaction is valued at about $40 million. tradingview.com
- 5The deal is subject to execution of a definitive agreement, funding and other applicable conditions. stocktitan.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.