Core Viewpoint - Olenox Industries Inc. has signed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. for approximately $36 million [1] Group 1: Acquisition Details - The acquisition will be financed through a combination of cash, promissory notes, common, and preferred stock [3] - The deal is based on an annual EBITDA of $4.56 million, supported by a take-or-pay guarantee from Vivakor [3] - CPE Gathering operates the Omega system, which provides crude gathering, transportation, terminaling, and pipeline connectivity in the STACK region of Oklahoma [3] Group 2: Strategic Implications - Olenox aims to strengthen its core brands and build a unified energy, technology, and infrastructure platform through an acquire-and-integrate strategy [5] - The acquisition is expected to expand Olenox's serviceable market and enhance predictable, fee-based revenue through integrated gathering and terminaling [5] - Operational synergies are anticipated by aligning midstream logistics with field services, which will reduce per-well costs and improve uptime [5] Group 3: Management Perspective - Michael McLaren, CEO of Olenox, stated that the acquisition would enhance the company's presence in the STACK region and position the assets for continued development under an integrated operating model [6]

Core Viewpoint - Olenox Industries Inc. has announced a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. for approximately $36 million, which is based on an annual EBITDA of $4.56 million [1][2]. Group 1: Acquisition Details - The transaction will be financed through a combination of cash, promissory notes, common and preferred stock [2]. - The acquisition is expected to close on or before March 31, 2026, pending customary closing conditions [5]. Group 2: Strategic Importance - The acquisition of CPE Gathering is aimed at expanding Olenox's presence in the STACK region and enhancing its integrated operating model [3]. - CPE Gathering operates the Omega system, which provides critical midstream services including crude gathering, transportation, terminaling, and pipeline connectivity, thereby generating fee-based cash flows [3][4]. - This move aligns with Olenox's acquire-and-integrate strategy, which seeks to build an integrated energy, technology, and infrastructure platform, increasing predictable revenue and reducing exposure to commodity volatility [4]. Group 3: Company Overview - Olenox Industries is a vertically integrated energy company with operations in Oil and Gas, Energy Services, and Energy Technologies, focusing on optimizing underdeveloped oil and gas assets while supporting field operations with specialized services [6].