Vivakor Signs Letter Of Intent To Acquire Coyote Oilfield Services; Financial Terms Not Disclosed

Benzinga · 2d ago

Vivakor, Inc. (NASDAQ:VIVK("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation service, announced today that it has signed a non-binding letter of intent to acquire Coyote Oilfield Services, LLC ("Coyote"), through its affiliate Vivakor Midstream, LLC.

The proposed acquisition is intended to materially expand Vivakor's midstream capabilities by adding complementary expertise across pipeline development, terminal operations, oilfield services, and energy marketing, strengthening the Company's ability to deliver integrated infrastructure and logistics solutions to customers across the energy value chain.

Coyote is a growth-oriented energy infrastructure and logistics provider with a strong track record in the design, construction, ownership, and operation of crude oil pipeline, gathering, and terminal assets across major producing regions. Its oilfield services operations provide construction management and consulting services for a wide range of capital projects, enabling Vivakor to extend its capabilities earlier in the asset lifecycle and more effectively support customer development needs.