Vivakor Signs LOI for $40M Acquisition of Direct Midstream

Key Facts

1Vivakor entered into a non-binding Letter of Intent to acquire 100% of Direct Midstream, a Permian Basin water infrastructure company.

2The proposed transaction values Direct Midstream at $40 million, representing 4x its targeted 2027 free cash flow.

Vivakor entered into a non-binding Letter of Intent to acquire 100% of Direct Midstream, a Permian Basin water infrastructure company. GlobeNewswire reported that the proposed transaction values Direct Midstream at $40 million, representing 4x its targeted 2027 free cash flow.

The acquisition aims to integrate produced water infrastructure and oilfield waste management services into Vivakor's existing energy transportation and remediation portfolio. VIVK closed at $4.01 on October 8, 2026, after reaching a day high of $4.37.