Olenox Industries Signs Letter of Intent to Acquire Vivakor's Midstream Business in Oklahoma STACK Play [Yahoo! Finance]
Vivakor, Inc. (VIVK)
NASDAQ:AMEX Investor Relations:
vivakor.com
Company Research
Source: Yahoo! Finance
announced that it has executed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC ("CPE Gathering") from Vivakor, Inc. (OTC: VIVK), owner and operator of the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling and pipeline connection platform serving the Oklahoma STACK play. The transaction, valued at approximately $36 million, will be paid in a combination of cash, promissory note, common and preferred stock, and is based on $4.56 million in annual EBITDA, pursuant to a take-or-pay guarantee of Vivakor. "Integrated midstream platforms like CPE Gathering generate durable, fee-based cash flows and provide critical infrastructure in established producing basins," said Michael McLaren, Chief Executive Officer of Olenox. "The proposed acquisition of Vivakor's Oklahoma midstream business would expand our presence in the STACK while positioning these assets for continued development un
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News
- Vivakor Resets Payment Date of Special Dividend to April 30, 2026GlobeNewswire
- Vivakor signs non-binding letter of intent to buy Coyote Oilfield Services [Seeking Alpha]Seeking Alpha
- Vivakor Signs Letter of Intent to Acquire Coyote Oilfield Services, Expanding Integrated Midstream CapabilitiesGlobeNewswire
- BC-Most Active Stocks [Yahoo! Finance]Yahoo! Finance
- Vivakor (NASDAQ:VIVK) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
VIVK
Sec Filings
- 1/23/26 - Form 8-K
- 1/16/26 - Form 8-K
- 1/7/26 - Form 8-K
- VIVK's page on the SEC website