Vivakor Amends LOI with Olenox, Target Closing Date July 31
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Vivakor (VIVK) announced that it has executed an amendment to its previously announced letter of intent with Olenox (OLOX) in connection with the proposed sale of the company's CPE Gathering MidCon business. The amendment establishes a target closing date of July 31. Since execution of the original letter of intent, the parties have continued to advance due diligence, obtain required third-party consents, negotiate definitive transaction documentation and satisfy other customary closing requirements. To provide adequate time to complete these remaining items, the parties have agreed to target a July 31 closing and continue working toward execution of definitive transaction agreements and satisfaction of all remaining closing conditions. The approximately $36M transaction value reflects CPE Gathering's expected annual EBITDA of approximately $4.56M generated under the company's take-or-pay contractual arrangements.
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Analyst Views on VIVK
About VIVK
Vivakor, Inc. is an integrated provider of transportation, storage, reuse, and remediation services. Its integrated facilities assets provide crude oil storage, transportation, future reuse, and remediation services under long-term contracts. Its oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. Its segments include transportation logistics and terminaling and storage. Transportation and facilities services primarily consist of trucking crude oil and produced water and transportation and terminaling services of crude oil via the Omega Gathering Pipeline. Its trucking services are centered in the Permian and Eagle Ford Basins. Terminaling and storage products and services primarily consist of two operational crude oil terminaling facilities. These crude oil terminals are industrial facilities that serve as hubs for the storage, handling and distribution of crude oil and petroleum products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vivakor Advances Transaction with Olenox Targeting July 2026 Closing
- Transaction Progress: Vivakor's amendment to the Letter of Intent with Olenox Industries reflects ongoing advancements in due diligence and third-party approvals, targeting a closing date of July 31, 2026, demonstrating the company's strategic commitment to optimizing its asset portfolio.
- Financial Expectations: The transaction is valued at approximately $36 million, with CPE Gathering expected to generate an annual EBITDA of about $4.56 million, indicating that stable cash flows under contractual arrangements will strengthen Vivakor's financial foundation.
- Operational Platform: The Omega system operated by CPE Gathering provides crude oil gathering, transportation, and pipeline connectivity services, aimed at reducing hauling and terminaling costs for producers, thereby enhancing overall operational efficiency and market competitiveness.
- Long-term Growth Strategy: Vivakor's CEO stated that this transaction will create value for the company and support its ongoing growth in transportation, storage, and supply chain businesses, further enhancing shareholder value and optimizing the company's positioning in the energy infrastructure sector.
See More
Vivakor Extends Special Dividend Payment Date
- Dividend Payment Date Adjustment: Vivakor has extended the payment date for its special dividend to September 5, 2026, while maintaining the record date and other terms unchanged, providing the company with additional time to complete necessary administrative and regulatory steps to ensure smooth distribution of the dividend.
- Shareholder Rights Protection: Eligible shareholders will receive approximately 0.0074 shares of Adapti, Inc. common stock for each share of Vivakor common stock held as of the record date, ensuring shareholder rights in the dividend distribution and enhancing trust in the company.
- Adapti Shareholding Status: Vivakor currently holds approximately 206,595 shares of Adapti, Inc., which provides a foundation for future dividend payments and reflects the company's integration capabilities in the energy sector.
- Strategic Company Positioning: As an integrated energy service provider, Vivakor is committed to developing in energy transportation, storage, and reuse, and the extension of the dividend payment date demonstrates the company's balance between ensuring shareholder interests and operational efficiency, further solidifying its market position.
See More
Vivakor Enhances Domestic Energy Logistics Infrastructure Amid Oil Price Volatility
- Strategic Asset Positioning: Vivakor operates 10 pipeline injection stations in Texas and New Mexico, supported by a fleet of over 100 tanker trucks, aimed at enhancing crude oil transportation efficiency, thereby strengthening the company's competitive edge in the domestic energy logistics market amid rising oil price volatility.
- Growing Market Demand: With Brent crude prices sharply rising due to geopolitical tensions, U.S. drilling activity is expected to accelerate, particularly when prices exceed $70 to $80 per barrel, positioning Vivakor's infrastructure to directly benefit from this trend and drive business growth.
- Infrastructure Connectivity: Vivakor's terminal and pipeline network, including connections to the Enterprise Pipeline and Scurry Gathering System, offers 120,000 barrels of storage capacity, ensuring efficient crude oil transportation and market connectivity, thus enhancing the company's market share in the Southwestern U.S.
- Commitment to Sustainability: As an integrated energy company, Vivakor is dedicated to developing and operating sustainable energy transportation and storage solutions, and in the future, will further promote resource recovery and reuse through the operation of oilfield waste remediation facilities, enhancing the company's long-term competitive advantage.
See More
Vivakor Signs Annual Crude Oil Transaction Contract
- Revenue Growth: Vivakor's annual crude oil transaction with VST is expected to generate $9.6 million in monthly revenue, leading to an annualized revenue of approximately $115 million, significantly boosting the company's total contracted revenue for 2026 to around $300 million, enhancing financial stability.
- Market Expansion: The transaction covers 120,000 barrels of crude oil per month, further expanding Vivakor's commercial activities in the Bakken region of North Dakota, leveraging its pipeline-connected injection facilities to enhance market access and operational efficiency.
- Infrastructure Advantage: By integrating commodity marketing with physical infrastructure, Vivakor can increase throughput and strengthen customer relationships, which is expected to further drive the company's market share in key crude oil producing areas.
- Long-Term Strategy: The CEO stated that the Bakken region is a crucial crude oil production area in North America, and this agreement will strengthen Vivakor's commercial presence, supporting its long-term revenue growth strategy by leveraging infrastructure advantages to capture market opportunities.
See More
Vivakor to Hold 2026 Annual Stockholders Meeting
- Meeting Announcement: Vivakor will hold its 2026 Annual Stockholders Meeting on June 30, 2026, at 10:00 a.m. in Dallas, Texas, in an in-person format to enhance shareholder engagement and interaction.
- Voting Information: The Board has set May 21, 2026, as the record date, ensuring that only stockholders of record can vote, which is crucial for the legitimacy and effectiveness of the meeting.
- Proxy Materials Notification: The company will mail the Notice of Internet Availability of Proxy Materials and proxy card to stockholders around June 12, 2026, aiming to increase awareness and participation in the meeting.
- Company Overview: Vivakor is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest oilfield trucking fleets in the continental U.S., focused on developing and operating assets in the energy sector to drive business growth.
See More
Vivakor Forms Joint Venture with Monarch for Houston Remediation Center
- Joint Venture Agreement: Vivakor has signed a joint venture agreement with Monarch R&P Management to establish Monarch Remediation & Processing I, LLC, aimed at advancing the commissioning and operations of the Houston Remediation Processing Center, with commercial operations expected to commence in Q3 2026, marking a significant milestone in the company's environmental processing platform expansion.
- Facility Expansion Plans: The new facility, located in Harris County, Texas, will enhance Vivakor's integrated capabilities in energy transportation, storage, and environmental services, expected to complement the existing logistics and supply chain platform, driving business growth.
- Operational Collaboration Benefits: The joint venture will leverage Vivakor's remediation technology alongside Monarch's local market expertise, with both parties focused on completing commissioning activities and preparing for initial operations, ensuring a smooth transition into commercial activity and enhancing regional service capabilities.
- Sustainability Strategy: Vivakor's CEO noted that this partnership represents a crucial step in executing the company's strategy while adding sustainable environmental processing capabilities, further solidifying its competitive position in the midstream market and paving the way for future growth opportunities.
See More
Vivakor Advances Transaction with Olenox Targeting July 2026 Closing
- Transaction Progress: Vivakor's amendment to the Letter of Intent with Olenox Industries reflects ongoing advancements in due diligence and third-party approvals, targeting a closing date of July 31, 2026, demonstrating the company's strategic commitment to optimizing its asset portfolio.
- Financial Expectations: The transaction is valued at approximately $36 million, with CPE Gathering expected to generate an annual EBITDA of about $4.56 million, indicating that stable cash flows under contractual arrangements will strengthen Vivakor's financial foundation.
- Operational Platform: The Omega system operated by CPE Gathering provides crude oil gathering, transportation, and pipeline connectivity services, aimed at reducing hauling and terminaling costs for producers, thereby enhancing overall operational efficiency and market competitiveness.
- Long-term Growth Strategy: Vivakor's CEO stated that this transaction will create value for the company and support its ongoing growth in transportation, storage, and supply chain businesses, further enhancing shareholder value and optimizing the company's positioning in the energy infrastructure sector.
See More
Vivakor Extends Special Dividend Payment Date
- Dividend Payment Date Adjustment: Vivakor has extended the payment date for its special dividend to September 5, 2026, while maintaining the record date and other terms unchanged, providing the company with additional time to complete necessary administrative and regulatory steps to ensure smooth distribution of the dividend.
- Shareholder Rights Protection: Eligible shareholders will receive approximately 0.0074 shares of Adapti, Inc. common stock for each share of Vivakor common stock held as of the record date, ensuring shareholder rights in the dividend distribution and enhancing trust in the company.
- Adapti Shareholding Status: Vivakor currently holds approximately 206,595 shares of Adapti, Inc., which provides a foundation for future dividend payments and reflects the company's integration capabilities in the energy sector.
- Strategic Company Positioning: As an integrated energy service provider, Vivakor is committed to developing in energy transportation, storage, and reuse, and the extension of the dividend payment date demonstrates the company's balance between ensuring shareholder interests and operational efficiency, further solidifying its market position.
See More
Vivakor Enhances Domestic Energy Logistics Infrastructure Amid Oil Price Volatility
- Strategic Asset Positioning: Vivakor operates 10 pipeline injection stations in Texas and New Mexico, supported by a fleet of over 100 tanker trucks, aimed at enhancing crude oil transportation efficiency, thereby strengthening the company's competitive edge in the domestic energy logistics market amid rising oil price volatility.
- Growing Market Demand: With Brent crude prices sharply rising due to geopolitical tensions, U.S. drilling activity is expected to accelerate, particularly when prices exceed $70 to $80 per barrel, positioning Vivakor's infrastructure to directly benefit from this trend and drive business growth.
- Infrastructure Connectivity: Vivakor's terminal and pipeline network, including connections to the Enterprise Pipeline and Scurry Gathering System, offers 120,000 barrels of storage capacity, ensuring efficient crude oil transportation and market connectivity, thus enhancing the company's market share in the Southwestern U.S.
- Commitment to Sustainability: As an integrated energy company, Vivakor is dedicated to developing and operating sustainable energy transportation and storage solutions, and in the future, will further promote resource recovery and reuse through the operation of oilfield waste remediation facilities, enhancing the company's long-term competitive advantage.
See More
Vivakor Signs Annual Crude Oil Transaction Contract
- Revenue Growth: Vivakor's annual crude oil transaction with VST is expected to generate $9.6 million in monthly revenue, leading to an annualized revenue of approximately $115 million, significantly boosting the company's total contracted revenue for 2026 to around $300 million, enhancing financial stability.
- Market Expansion: The transaction covers 120,000 barrels of crude oil per month, further expanding Vivakor's commercial activities in the Bakken region of North Dakota, leveraging its pipeline-connected injection facilities to enhance market access and operational efficiency.
- Infrastructure Advantage: By integrating commodity marketing with physical infrastructure, Vivakor can increase throughput and strengthen customer relationships, which is expected to further drive the company's market share in key crude oil producing areas.
- Long-Term Strategy: The CEO stated that the Bakken region is a crucial crude oil production area in North America, and this agreement will strengthen Vivakor's commercial presence, supporting its long-term revenue growth strategy by leveraging infrastructure advantages to capture market opportunities.
See More
Vivakor to Hold 2026 Annual Stockholders Meeting
- Meeting Announcement: Vivakor will hold its 2026 Annual Stockholders Meeting on June 30, 2026, at 10:00 a.m. in Dallas, Texas, in an in-person format to enhance shareholder engagement and interaction.
- Voting Information: The Board has set May 21, 2026, as the record date, ensuring that only stockholders of record can vote, which is crucial for the legitimacy and effectiveness of the meeting.
- Proxy Materials Notification: The company will mail the Notice of Internet Availability of Proxy Materials and proxy card to stockholders around June 12, 2026, aiming to increase awareness and participation in the meeting.
- Company Overview: Vivakor is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest oilfield trucking fleets in the continental U.S., focused on developing and operating assets in the energy sector to drive business growth.
See More
Vivakor Forms Joint Venture with Monarch for Houston Remediation Center
- Joint Venture Agreement: Vivakor has signed a joint venture agreement with Monarch R&P Management to establish Monarch Remediation & Processing I, LLC, aimed at advancing the commissioning and operations of the Houston Remediation Processing Center, with commercial operations expected to commence in Q3 2026, marking a significant milestone in the company's environmental processing platform expansion.
- Facility Expansion Plans: The new facility, located in Harris County, Texas, will enhance Vivakor's integrated capabilities in energy transportation, storage, and environmental services, expected to complement the existing logistics and supply chain platform, driving business growth.
- Operational Collaboration Benefits: The joint venture will leverage Vivakor's remediation technology alongside Monarch's local market expertise, with both parties focused on completing commissioning activities and preparing for initial operations, ensuring a smooth transition into commercial activity and enhancing regional service capabilities.
- Sustainability Strategy: Vivakor's CEO noted that this partnership represents a crucial step in executing the company's strategy while adding sustainable environmental processing capabilities, further solidifying its competitive position in the midstream market and paving the way for future growth opportunities.
See More
