Vivakor shares rise 12.02% premarket after signing non-binding LOI to acquire Coyote Oilfield Services.

Vivakor surged 12.02% in premarket trading following shareholder approval of a share increase and a non-binding letter of intent to acquire Coyote Oilfield Services, aiming to expand its midstream operations. The acquisition, expected to close by February 28, 2026, is intended to enhance Vivakor’s pipeline development, terminal operations, and energy marketing capabilities. The move aligns with broader midstream sector momentum driven by upstream production growth, though the stock remains near its 52-week low.