Vivakor, Inc. (NASDAQ:VIVK) on Thursday disclosed that its commodities trading platform, Vivakor Supply & Trading, penned a recurring one-year crude oil transaction.
Details The transaction entails around 100,000 barrels of crude oil per month through the Cushing Terminal
The one-year arrangement will span from June 1, 2026, to May 31, 2027. It represents an estimated $9 million per month, or about $108 million annualized, based on current market pricing. Through its trading and supply operations, the company plans to broaden its capabilities in sourcing, marketing, transporting, and managing crude volumes, driving higher asset utilization, improving network integration, and enhancing value generation across major U.S. production basins.
Vivakor Chairman and Chief Executive Officer James Ballengee added, “Cushing remains one of the most important crude oil trading hubs in North America, and this agreement enhances our ability to participate in multiple segments of the crude oil value chain while increasing utilization across our integrated operating network.” What Does Vivakor Do? Vivakor is an operator, acquirer and developer of technologies and assets in the oil and gas industry, along with related environmental solutions. The company focuses on crude oil gathering, storage, and transportation facilities, and it also provides contaminated soil remediation services.