Vivakor completes due diligence on proposed $40 million Direct Midstream acquisition
Bitget2026/10/23 13:02- Vivakor completed due diligence on its proposed $40 million acquisition of Direct Midstream, moving toward a definitive agreement.
- The proposed terms include a $10 million capital investment at closing, reducing consideration payable to the seller dollar-for-dollar.
- Direct Midstream operates 17 saltwater disposal facilities with approximately 11,500,000 barrels per month of permitted disposal capacity.
- The platform also includes nine fresh water and brine stations serving Permian Basin oil and gas operators.
- The acquisition would expand water management and oil reclamation capabilities, supporting the buyer’s Remediation Processing Center strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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