Olenox Industries Extends Timeline for $36 Million Omega Midstream Acquisition

Olenox Industries (NASDAQ: OLOX) 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. The companies continue diligence and audit processes for the approximately $36 million transaction, which is structured with a mix of cash, debt and equity.

The acquisition 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. The full press release is available at https://ibn.fm/h0HPF.

Olenox Industries operates 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. This integrated model drives efficiency, increases production and unlocks value across the energy lifecycle.

The latest news and updates relating to OLOX are available in the company's newsroom at https://ibn.fm/OLOX. The announcement was distributed through InvestorWire, a specialized communications platform that is one of 75+ brands within the Dynamic Brand Portfolio at IBN. For more information about InvestorWire, visit https://www.InvestorWire.com.

The extension of the acquisition timeline allows both companies to complete thorough due diligence on the Omega pipeline system assets. This midstream infrastructure represents a strategic addition to Olenox's vertically integrated operations, providing stable fee-based revenue streams that complement the company's existing energy services and technologies divisions.

Oklahoma's STACK play (Sooner Trend Anadarko Basin Canadian and Kingfisher counties) has been a significant area of oil and gas development, making midstream infrastructure in this region particularly valuable for companies seeking to optimize production and transportation logistics. The Omega pipeline system acquisition aligns with Olenox's focus on capturing opportunities often overlooked by traditional operators through its integrated business model.