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Vivakor secures $108 million crude oil deal through Cushing Terminal

June 4, 2026 8:25 AM

Vivakor Inc. (NASDAQ: VIVK) announced a one-year crude oil transaction through its trading platform that represents approximately $108 million in annualized revenue based on current market pricing.

The Dallas-based energy services company said its commodities trading platform, Vivakor Supply & Trading LLC, entered into the recurring arrangement covering approximately 100,000 barrels of crude oil per month through the Cushing Terminal. The transaction runs from June 1, 2026 through May 31, 2027, representing an estimated $9 million per month.

The arrangement supports crude oil movement and marketing across Vivakor's logistics, storage, terminaling, transportation, and pipeline-connected operating network. The company operates what it describes as one of the largest fleets of oilfield trucking services in the continental United States.

"This transaction further supports the continued expansion of Vivakor Supply & Trading's recurring commercial activity and reflects our strategy of integrating crude oil marketing with our midstream infrastructure platform," said James Ballengee, Vivakor's chairman and chief executive officer.

Ballengee noted that Cushing remains one of the most important crude oil trading hubs in North America. The agreement allows the company to participate in multiple segments of the crude oil value chain while increasing utilization across its integrated operating network.

Vivakor provides energy transportation, storage, reuse, and remediation services. The company's integrated facilities offer crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

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