Olenox Industries Inc. (NASDAQ: OLOX) Expanding Midstream Footprint with $36 Million Vivakor Asset Deal

• The company signed a letter of intent to acquire Vivakor’s Oklahoma midstream and transportation assets for about $36 million.
• The transaction targets the Omega pipeline system serving the STACK play in Oklahoma.
• Assets generate fee-based revenue supported by a take-or-pay EBITDA guarantee.
• The deal would expand Olenox’s midstream presence and reduce exposure to commodity price swings.
• Management is pursuing an integrated energy model spanning upstream, midstream, services, and technology.

Olenox Industries (NASDAQ: OLOX), a vertically integrated energy company, is seeking to deepen its position in U.S. energy infrastructure with a proposed acquisition of Vivakor Inc.’s midstream business in Oklahoma. The company announced it has signed a non-binding letter of intent to acquire the midstream and transportation assets of CPE Gathering MidCon, LLC, a Vivakor subsidiary that owns and operates the Omega pipeline system in the Oklahoma STACK play (https://nnw.fm/8Z6Z0).

The transaction is valued at approximately $36 million and would be paid through a mix of cash, a promissory note, and common and preferred equity. The valuation is based on annual EBITDA of $4.56 million, supported by a take-or-pay guarantee from Vivakor. Olenox and Vivakor are working toward definitive agreements, with a targeted closing on or before March 31, 2026, subject to customary conditions.

The assets at the center of the proposed deal comprise the Omega system, an on-basin crude oil gathering, transportation, terminaling, and pipeline connection platform serving producers in the STACK region. The system provides gathering and transport to storage, blending facilities, and downstream pipeline injection points, offering producers an alternative to truck-based logistics and third-party terminaling.

Michael McLaren, Olenox’s chief executive officer, framed the acquisition as a step toward building predictable, infrastructure-driven cash flow. “Integrated midstream platforms like CPE Gathering generate durable, fee-based cash flows and provide critical infrastructure in established producing basins,” he said in the announcement. “The proposed acquisition of Vivakor’s Oklahoma midstream business would expand our presence in the STACK while positioning these assets for continued development under an integrated operating model. We couldn’t be more excited about this acquisition.”

For Olenox, the acquisition would mark a further extension of its acquire-and-integrate strategy. The company has spent the past year repositioning itself as a vertically integrated energy and infrastructure platform following a comprehensive rebrand from its former Safe & Green Holdings identity. According to the company, the Olenox name is intended to reflect a unified operating model rather than a collection of unrelated assets.

Under the Olenox Industries banner, the business now spans energy development, oilfield services, industrial technology, containerized infrastructure, and monitoring systems. A central element of the rebrand has been the consolidation of subsidiaries into a single operating structure, which management says is designed to improve coordination across divisions and give investors clearer insight into how assets interact operationally and financially.

Energy operations sit at the core of that structure, with three integrated divisions. The oil and gas division focuses on acquiring underdeveloped or distressed properties in Texas, Oklahoma, and Kansas, with an emphasis on improving production from existing wells rather than pursuing exploration-led growth.

The oilfield services division provides well abandonment and environmental reclamation services to third parties, generating steady cash flow while supporting Olenox’s own production assets. A third division, Olenox Technologies, develops proprietary tools such as plasma pulse and ultrasonic cleaning systems aimed at restoring output from underperforming wells.

The proposed acquisition of CPE Gathering’s assets would add a midstream layer to this structure. Olenox has said that aligning gathering, transportation, and terminaling assets with its upstream and services operations could lower per-well costs, improve uptime, and increase overall operating efficiency. By controlling logistics, the company expects to reduce reliance on external providers and capture margin that would otherwise sit outside the organization.

The Omega system is also positioned as a platform for further development. According to Olenox, the assets offer a scalable base for deploying additional technology and services designed to improve reliability and reduce operating expenses. The transportation network gives producers access to multiple storage and blending options, which can be particularly valuable in periods of regional congestion.

The Vivakor transaction highlights Olenox’s emphasis on fee-based revenue streams. Midstream assets typically generate income based on volumes and contracted fees rather than commodity prices, which can help stabilize cash flow during periods of oil market volatility. The take-or-pay structure underpinning the EBITDA figure adds another layer of predictability.

The arrangement also aligns with broader policy discussions around American energy independence and domestic infrastructure investment. By expanding its footprint in established U.S. basins such as the STACK, Olenox is positioning itself as a participant in maintaining and upgrading the systems that move domestic oil from wellhead to market.

For more information, visit the company’s website at www.Olenox.com.

NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://nnw.fm/OLOX

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