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…







