Olenox Industries Inc. (NASDAQ: OLOX) on Thursday announced its execution of a non-binding letter of intent to acquire the midstream business and transportation assets of CPE Gathering MidCon LLC from Vivakor Inc. (OTC: VIVK), including the Omega pipeline system serving the Oklahoma STACK play. The proposed transaction is valued at approximately $36 million and is structured as a combination of cash, promissory note, and common and preferred stock, based on $4.56 million in annual EBITDA supported by a take-or-pay guarantee from Vivakor. According to the company, CPE Gathering operates an on-basin crude-oil gathering, transportation, terminaling, and pipeline connectivity platform in Oklahoma, and the acquisition would align with Olenox’s acquire-and-integrate strategy by expanding its midstream footprint and fee-based infrastructure. The parties are working toward definitive agreements with a targeted closing on or before March 31, 2026, subject to customary closing conditions.

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About Olenox Industries Inc.

Olenox Industries Inc. is a vertically integrated energy company operating across three synergistic divisions—Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox’s integrated model drives efficiency, increases production and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators. For more information, visit the company’s website at www.Olenox.com

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