Vivakor Agrees To Acquire Direct Midstream For $40M

Vivakor, Inc. (NASDAQ: VIVK) has announced a non-binding Letter of Intent to acquire Direct Midstream, LLC for $40 million. Direct Midstream is a water midstream company based in Midland, Texas, specializing in produced water infrastructure and oilfield waste management services in the Permian Basin. This acquisition aims to enhance Vivakor's integrated energy services.