Vivakor Closes $120MM Acquisition of Endeavor Crude, Related Cos.
Transaction Type
Sellers
Buyers
Basin
Permian, Eagle Ford
Announce Date
Post Date
Close Date
Estimated Price
120MM
Description
Energy transportation company Vivakor Inc. has closed its previously announced acquisition of Endeavor Crude LLC and related companies for $120 million, Vivakor said Oct. 7.
Endeavor and the related companies Meridian Equipment Leasing LLC, Equipment Transport LLC and Silver Fuels Processing LLC have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and the Oklahoma STACK play.
The companies own and operate one of the largest combined oilfield trucking fleets in the continental U.S. Endeavor transports crude oil, petroleum products and produced water through a fully integrated network of station, terminal and pipeline facilities for blending, processing, reuse and remediation.