EXCLUSIVE: Olenox Looks To Acquire Vivakor's Midstream Assets [Yahoo! Finance]
Olenox Industries Inc. (OLOX)
Company Research
Source: Yahoo! Finance
Olenox Industries is a vertically integrated energy company operating across three synergistic divisions – Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. The company will pay the amount in a combination of cash, promissory notes, common, and preferred stock. The deal amount is based on $4.56 million in annual EBITDA, pursuant to a take-or-pay guarantee of Vivakor. Notably, CPE Gathering operates the Omega system, which is an on-basin midstream platform that offers crude gathering, transportation, terminaling, and pipeline connectivity in the STACK region of Oklahoma. The deal is expected to close on or before March 31, 2026, subject to customary closing conditions. Olenox said it is pursuing an acquire-and-integrate strategy to strengthen its core brands
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News
- Olenox Industries Announces Settlement Agreement with Cedar Advance LLCGlobeNewswire
- Olenox Industries Appoints Erik Blum and Adam Falkoff to Board of DirectorsGlobeNewswire
- Vivakor Signs Letter of Intent to Sell its Midstream Business in Oklahoma STACK Play for $36 Million to Olenox Industries [Yahoo! Finance]Yahoo! Finance
- Vivakor Signs Letter of Intent to Sell its Midstream Business in Oklahoma STACK Play for $36 Million to Olenox IndustriesGlobeNewswire
- Olenox Industries Signs Letter of Intent to Acquire Vivakor’s Midstream Business in Oklahoma STACK PlayGlobeNewswire