Vivakor reports proposed $40 million Direct Midstream acquisition and airport project
Vivakor said its proposed $40 million acquisition of Direct Midstream remains subject to a definitive purchase agreement, funding of contemplated capital investment and other applicable conditions after its due diligence review was completed on October 23, 2026. Direct Midstream entered a conditional agreement with Phoenix Energy Solutions covering 52 New Mexico wells and estimates more than $2 million in annual operating and management service revenue at targeted operating levels. Vivakor also received a nonbin...
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