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 portfolio.