Vivakor completes due diligence on proposed $40 million Direct Midstream acquisition

• Vivakor completed due diligence on its proposed $40 million acquisition of Direct Midstream, moving toward a definitive agreement.
• The proposed terms include a $10 million capital investment at closing, reducing consideration payable to the seller dollar-for-dollar.
• Direct Midstream operates 17 saltwater disposal facilities with approximately 11,500,000 barrels per month of permitted disposal capacity.
• The platform also includes nine fresh water and brine stations serving Permian Basin oil and gas operators.
• The acquisition would expand water management and oil reclamation capabilities, supporting the buyer’s Remediation Processing Center strategy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vivakor Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610230900PRIMZONEFULLFEED9851971) on October 23, 2026, and is solely responsible for the information contained therein.