Vivakor's Direct Midstream has signed definitive operating agreements with Artesia Group and Phoenix Energy Solutions for a 52-well oil portfolio in New Mexico, including 44 oil wells and 8 saltwater disposal wells. This deal is part of Vivakor's proposed $40 million acquisition of Direct Midstream and aims to expand its New Mexico operations by adding oil production services alongside existing water management capabilities. The agreements could generate over $2 million in annual revenue, pending regulatory approvals and final fee arrangements. The acquisition remains subject to completion conditions and regulatory approvals.
Vivakor's Direct Midstream acquisition target is presented here with Energy sector data from Pluang as of Nov 11, 2026 19:41 WIB. Among 79 priced Energy-sector US stocks, 68 rose and 5 fell today. Notably, UUUU (Energy Fuels Inc) rose 5.04% to USD 7.08 with 100% buy orders and a typical hold time of 10 days, contrasting with UEC (Uranium Energy Corp) which rose 5.02% to USD 7.53 but had 76% sell orders and a longer hold time of 43 days. LEU (Centrus Energy Corp) also gained 4.76% to USD 115.09 with 100% buy orders and a hold time of 37 days.
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