StocksMedium•11 November 2026•
1 min read
Vivakor Acquisition Target Direct Midstream Signs New Mexico 52-Well Operating Deals
Key Facts
1Direct Midstream, an acquisition target of Vivakor, signed definitive operating agreements for a 52-well portfolio in New Mexico.
2The agreements were signed with Artesia Group and Phoenix Energy Solutions to advance previously announced commercial opportunities.
Direct Midstream, an acquisition target of Vivakor, signed definitive operating agreements for a 52-well portfolio in New Mexico. GlobeNewswire reported that the agreements were finalized with Artesia Group and Phoenix Energy Solutions to advance previously announced commercial opportunities, establishing Direct Midstream as the contract operator for the assets.
This operational milestone occurs as Vivakor progresses toward its proposed acquisition, with VIVK stock having closed at $0.293 on November 10, 2026. During that session, the stock traded between a low of $0.28 and a high of $0.3171, reflecting price activity ahead of the formalization of these New Mexico asset agreements.