Olenox Industries (NASDAQ: OLOX) announced it has amended its letter of intent with Vivakor Inc. (OTC: VIVKD) to acquire the Omega pipeline system and related midstream assets, extending the expected closing date to April 30, 2026, as the companies continue diligence and audit processes. The approximately $36 million transaction, structured with a mix of cash, debt and equity, would add fee-based crude gathering, transportation and terminaling infrastructure in Oklahoma’s STACK play, supporting Olenox’s strategy to expand recurring revenue and integrate midstream capabilities with its existing energy and field services platform.
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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.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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