Vivakor Signs One-Year Crude Oil Deal, Estimated Annual Revenue of $108M
Vivakor announced that its commodities trading platform has entered into a recurring one-year crude oil transaction. The agreement covers approximately 100,000 barrels of crude oil per month through the Cushing Terminal from June 1, 2026, through May 31, 2027. Based on current market pricing, the transaction is estimated to generate $9M per month, or approximately $108M in annualized revenue. "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. 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," said James Ballengee, chairman and CEO of Vivakor.