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Direct Midstream, the company Vivakor wants to buy, has completed deals for 52 oil and saltwater wells in New Mexico.

DealRead the original at globenewswire.com
Neutral

Vivakor's acquisition target secured operating agreements for 52 New Mexico wells. Vivakor still needs a purchase agreement, funding, and other closing conditions, so those operations are not yet secured for Vivakor.

VIVK · Vivakor, Inc.

AI read · Neutral

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The agreements give Direct Midstream a defined job operating the wells. Vivakor would gain that business only if it completes the purchase. That still depends on a purchase agreement, funding, and other closing conditions, so the work is not yet secured for Vivakor.

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