Vivakor (US:VIVK) Globenewswire·2025-12-22 13:30Core Viewpoint - Vivakor, Inc. has signed a non-binding letter of intent to acquire Coyote Oilfield Services, aiming to enhance its midstream capabilities and provide integrated infrastructure solutions across the energy value chain [1][2]. Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [6]. - The company’s facilities offer crude oil storage, transportation, and remediation services under long-term contracts [6]. Acquisition Details - The acquisition of Coyote Oilfield Services is expected to significantly expand Vivakor's midstream capabilities by integrating expertise in pipeline development, terminal operations, and energy marketing [2][3]. - Coyote is recognized for its growth-oriented approach in energy infrastructure and logistics, with a strong track record in designing and operating crude oil pipeline and terminal assets [3]. Strategic Benefits - The acquisition is anticipated to enhance Vivakor's ability to optimize volumes and improve asset utilization, thereby strengthening relationships with producers, marketers, refiners, and end-use customers [4]. - Coyote's marketing capabilities and established industry relationships are expected to deepen Vivakor's market presence and customer engagement [4]. Leadership Insights - Vivakor's CEO, James Ballengee, expressed enthusiasm about the partnership, highlighting the operational and commercial strengths that Coyote brings to enhance Vivakor's midstream platform [5]. - Coyote's CEO, Michael Duffy, emphasized the strategic fit of the acquisition, noting that it will allow for more efficient project delivery and better support for customers in key energy markets [5]. Timeline - The parties involved are working towards definitive agreements, with a targeted closing date on or before February 28, 2026, subject to customary conditions [5].