Olenox Industries to Acquire CPE Gathering Midstream Business from Vivakor for $36 Million

Reuters01-29

Olenox Industries to Acquire CPE Gathering Midstream Business from Vivakor for $36 Million

Olenox Industries Inc. has signed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. The assets include the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling, and pipeline connection platform serving the Oklahoma STACK play. The transaction is valued at approximately $36 million and will be paid through a combination of cash, promissory note, common and preferred stock, based on $4.56 million in annual EBITDA under a take-or-pay guarantee from Vivakor. The parties are working toward definitive agreements with a targeted closing on or before March 31, 2026, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Olenox Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9645035-en) on January 29, 2026, and is solely responsible for the information contained therein.

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