Vivakor, Inc.

(NASDAQ:VIVK) on Thursday announced that it has amended its previously announced letter of intent (LOI) with Olenox Industries, Inc.

(NASDAQ:OLOX) for the proposed sale of its CPE Gathering MidCon, LLC business for approximately $36 million.

The amendment establishes a target closing date of July 31, 2026, allowing both companies to continue due diligence, secure third-party approvals, and finalize transaction documents.

Read Also: Vivakor Expands Revenue Opportunity With New Cushing Crude Oil Deal Omega System Supports STACK Region Operations CPE Gathering operates the Omega system, an Oklahoma midstream platform providing crude oil gathering, transportation, terminaling, and pipeline connectivity across the state's STACK region.