Curated News
By: NewsRamp Editorial Staff
January 29, 2026
Olenox Industries to Acquire CPE Gathering Assets in $36M Deal
TLDR
- Olenox Industries gains a strategic advantage by acquiring CPE Gathering's midstream assets, expanding its footprint and securing fee-based revenue with a $4.56 million EBITDA guarantee.
- Olenox Industries plans to acquire CPE Gathering's assets for $36 million using cash, promissory notes, and stock, with closing targeted by March 31, 2026, subject to conditions.
- This acquisition supports energy infrastructure development in Oklahoma, potentially enhancing local economic stability and resource management through Olenox's integrated operational model.
- Olenox Industries is acquiring the Omega pipeline system in Oklahoma's STACK play, a key midstream asset that connects crude oil gathering and transportation networks.
Impact - Why it Matters
This acquisition matters because it represents a strategic expansion in the energy sector, potentially enhancing Olenox's operational efficiency and market position. For investors, it signals growth opportunities through increased midstream assets and fee-based revenue, which could lead to improved financial performance and stock value. In the broader context, such consolidations in the oil and gas industry often drive innovation and stability, impacting energy supply chains and economic dynamics in regions like Oklahoma. Readers should care as it affects investment portfolios, energy sector trends, and regional economic development, highlighting how corporate moves shape industry landscapes and consumer energy costs.
Summary
Olenox Industries Inc. (NASDAQ: OLOX), a vertically integrated energy company, has taken a significant strategic step by announcing the execution of a non-binding letter of intent to acquire the midstream business and transportation assets of CPE Gathering MidCon LLC from Vivakor Inc. (OTC: VIVK). The proposed transaction, valued at approximately $36 million, includes the Omega pipeline system serving the Oklahoma STACK play and is structured as a combination of cash, promissory note, and common and preferred stock. This acquisition is supported by $4.56 million in annual EBITDA with a take-or-pay guarantee from Vivakor, highlighting the financial underpinnings of the deal. CPE Gathering operates a comprehensive on-basin crude-oil gathering, transportation, terminaling, and pipeline connectivity platform in Oklahoma, which aligns perfectly with Olenox's acquire-and-integrate strategy to expand its midstream footprint and fee-based infrastructure.
The parties are actively working toward definitive agreements with a targeted closing date on or before March 31, 2026, subject to customary closing conditions. This move underscores Olenox's commitment to enhancing its operations across its three synergistic divisions: Oil and Gas, Energy Services, and Energy Technologies. By acquiring underdeveloped assets and optimizing them with specialized well services and proprietary enhanced-recovery technologies, Olenox aims to drive efficiency, increase production, and unlock value across the energy lifecycle. For more details, investors can view the full press release via the provided link, and additional updates are available in the company's newsroom, ensuring transparency and access to critical information.
This news is disseminated through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which offers advanced wire-grade press release syndication and a suite of corporate communications solutions. By leveraging such platforms, Olenox ensures broad reach to investors, influencers, and the general public, cutting through market noise to achieve unparalleled recognition. The integration of hyperlinks, such as those to Olenox's website and the InvestorWire platform, facilitates easy access to further resources, reinforcing the engagement and informational value of this announcement.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Olenox Industries to Acquire CPE Gathering Assets in $36M Deal
