Dallas-based Vivakor said last week its acquisition of Endeavor entities, including Endeavor Crude and Meridan Equipment, will close Tuesday. Vivakor’s acquisitions also will include Equipment Transport and Silver Fuel Processing with a total price of $120 million. James Ballengee, chairman, president and CEO of Vivakor, said Sept. 24 of the company’s new assets, “They strategically integrate with our Colorado City, Texas, and Delhi, Louisiana, facilities, provide an immediate platform for our company to expand, and unlock additional opportunities and revenues for the company.”
Endeavor entities comprise a fully integrated, flexible and scalable midstream logistics business that transports, stores, treats, remediates and sells crude oil, produced water and associated hydrocarbons. They own and operate one of the largest combined oilfield trucking fleets in the continental U.S. They have a series of long-term partnerships with customers in Permian Basin, Eagle Ford in south Texas and STACK play in Oklahoma.
The acquisition originally was announced March 21.