Vivakor enters into non-binding agreement to acquire Coyote Oilfield Services
Acquisition Announcement: Vivakor has signed a non-binding letter of intent to acquire Coyote Oilfield Services through its affiliate, Vivakor Midstream, enhancing its midstream and oilfield services capabilities.
Expertise Addition: The acquisition is expected to bring additional expertise in pipeline development, terminal operations, oilfield services, and energy marketing, with Coyote’s principals likely to remain involved post-acquisition.
Timeline for Closing: Vivakor and Coyote are working towards definitive agreements, aiming for a closing date on or before February 28, 2026, pending customary conditions.
Stock Performance: Following the announcement, Vivakor's stock (VIVK) saw a premarket decline of 2.68%, trading at $0.0725.
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