Vivakor Signs Letter of Intent to Acquire Coyote Oilfield Services, Expanding Integrated Midstream Capabilities

Rhea-AI Summary

Vivakor (Nasdaq: VIVK) signed a non-binding letter of intent to acquire Coyote Oilfield Services through its affiliate Vivakor Midstream, LLC, aiming to expand integrated midstream capabilities.

The proposed deal is intended to add pipeline development, terminal operations, oilfield services, and energy marketing expertise to Vivakor’s platform, extend capabilities earlier in the asset lifecycle, and improve asset utilization and customer relationships.

The parties are working toward definitive agreements with a targeted closing on or before February 28, 2026, subject to customary conditions; Coyote principals are expected to remain after closing to support integration.

Key Figures

Targeted closing date On or before February 28, 2026 Planned closing timeline for Coyote Oilfield Services acquisition

Market Reality Check

$0.0108 Last Close

Volume Volume 70,282,146 is 1.76x the 20-day average of 39,840,472 shares. high

Technical Price $0.0745 is trading below the 200-day MA at $0.63, reflecting a prior downtrend.

Peers on Argus 1 Up

Pre-news scanner data flagged SKYQ moving up, while VIVK’s pre-news direction was down. Other close peers showed mixed, mostly modest moves, suggesting the setup was more company-specific than a broad sector rotation.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 11	Debt reduction update	Positive	+14.6%	Reported ~<b>$65M</b> year-to-date debt reduction and balance sheet strengthening.
Dec 04	Trade expansion	Positive	+10.7%	First international refined fuel transaction into Mexico via trading unit.
Nov 28	Shareholder meeting	Neutral	-5.3%	Called special shareholder meeting with set record and meeting dates.
Nov 20	Earnings and capital	Negative	-9.6%	Q3 2025 results with higher revenue but large net loss and equity raise.
Nov 12	Conference participation	Neutral	-2.2%	Announced participation in NobleCon21 investor conference.

Pattern Detected

Recent positive operational and balance sheet updates have often been followed by upside moves, while more complex earnings and capital-structure news have seen negative reactions.

Recent Company History

Over the last few months, Vivakor highlighted balance sheet repair and growth initiatives. On Nov 20, Q3 2025 results showed revenue of $17.0M and significant debt reduction but drew a -9.59% reaction. Subsequent news on a Mexico fuel-trade expansion and ~$65M year-to-date debt reduction produced double‑digit gains. Governance items like the Dec 22 special meeting and conference participation saw modest declines. Today’s acquisition LOI fits the recent focus on expanding the integrated midstream platform.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-08-27

Vivakor has an active Form S-3 shelf filed on 2025-08-27, with usage evidenced by at least 3 prospectus supplements (Form 424B5) in October 2025. The shelf registers shares tied to existing securities and cites 48,051,097 common shares outstanding as of August 20, 2025, providing a framework for future registered offerings.

Market Pulse Summary

The stock dropped -17.4% in the session following this news. A negative reaction despite an expansion-focused announcement would fit prior episodes where complex capital-structure and earnings news led to downside moves of around -9%. Regulatory filings referenced going-concern language, substantial note conversions into equity, and active use of an S-3 shelf, all of which may have kept focus on dilution and leverage. In that context, some investors may have prioritized balance-sheet risks over longer-term strategic benefits.

Key Terms

letter of intent financial

"announced today that it has signed a non-binding letter of intent to acquire"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

midstream technical

"intended to materially expand Vivakor’s midstream capabilities by adding"

Midstream refers to the phase in the energy supply chain that involves the transportation, storage, and processing of oil and natural gas after extraction from the ground, but before they are refined into usable products. For investors, midstream companies are important because they often generate steady income through fees for moving and storing energy resources, making them a key link between resource producers and consumers.

oilfield services technical

"terminal operations, oilfield services, and energy marketing, strengthening"

Oilfield services are the specialized companies and crews that provide the equipment, labor and technical work needed to find, drill, complete and maintain oil and gas wells—think of them as the contractors and maintenance team that keep an industrial operation running. Investors watch them because their sales and profits rise and fall with drilling activity and oil prices, making them a sensitive indicator of energy-sector health and a way to gain exposure to the commodity cycle without owning the oil itself.

AI-generated analysis. Not financial advice.

Dallas, TX, Dec. 22, 2025 (GLOBE NEWSWIRE) -- 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.

In addition, Coyote’s marketing capabilities and established industry relationships are expected to enhance Vivakor’s ability to optimize volumes, improve asset utilization, and deepen long-term relationships with producers, marketers, refiners, and end-use customers. Coyote’s principals are expected to remain with the business following closing, supporting continuity, integration, and execution.

Vivakor Chairman and Chief Executive Officer James Ballengee commented, “We are excited to team up with the Coyote team. They bring proven operational, construction, and commercial capabilities that meaningfully enhance Vivakor’s integrated midstream platform. We believe this combination positions us to deliver more comprehensive, customer-focused infrastructure solutions while strengthening relationships across our core markets.”

Michael Duffy, Managing Partner and Chief Executive Officer of Coyote Oilfield Services, added, “Vivakor’s integrated midstream platform and disciplined approach to infrastructure development make them a strong strategic fit for Coyote. Our team has deep experience designing, constructing, and operating pipeline, terminal, and related oilfield infrastructure, and we believe combining those execution capabilities with Vivakor’s broader platform will allow us to deliver projects more efficiently, scale solutions faster, and better support customers across key energy markets.”

The parties are working toward definitive agreements with a targeted closing on or before February 28, 2026, subject to customary conditions.

About Vivakor, Inc.

Vivakor, Inc. is an integrated provider of transportation, storage, reuse, and remediation services. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil storage, transportation, future reuse, and remediation services under long-term contracts. Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

For more information, please visit our website: http://vivakor.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, fluctuations in global and regional oil and gas prices and markets, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor, our ability to maintain the listing of our securities on The Nasdaq Capital Market , the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor or the date of such information in the case of information from persons other than Vivakor, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding Vivakor’s industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

Investors Contact:
P: 469-480-7175
info@vivakor.com

FAQ

What did Vivakor (VIVK) announce on December 22, 2025 about Coyote Oilfield Services?

Vivakor announced it signed a non-binding letter of intent to acquire Coyote via Vivakor Midstream, aiming to expand midstream capabilities.

When is the Vivakor (VIVK) proposed acquisition of Coyote expected to close?

The parties are targeting a closing on or before February 28, 2026, subject to customary conditions.

Will Coyote principals remain with the business after the Vivakor (VIVK) acquisition closing?

Yes, Coyote’s principals are expected to remain following closing to support continuity and integration.

Which Vivakor affiliate is signing the letter of intent to acquire Coyote?

The letter of intent is signed for acquisition through Vivakor Midstream, LLC.

What capabilities does Vivakor (VIVK) expect to gain from acquiring Coyote Oilfield Services?

Vivakor expects to add pipeline development, terminal operations, oilfield services, and energy marketing expertise to improve asset utilization and customer relationships.

Is the Vivakor (VIVK) letter of intent to acquire Coyote binding and final?

No, the letter of intent is non-binding and the acquisition remains subject to definitive agreements and customary closing conditions.