Vivakor Agrees Inks Indication Of Interest To Acquire 100% Of Outstanding Membership Interests Of Direct Midstream; Financial Terms Not Disclosed

Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse and remediation services, today announced that it has entered into a non-binding Indication of Interest ("IOI") regarding the proposed acquisition of 100% of the outstanding membership interests of Direct Midstream, LLC ("Direct Midstream"), a Midland, Texas-based water midstream company providing produced water infrastructure and oilfield waste management services to oil and gas operators in the Permian Basin.