Vivakor Secures $108M Crude Oil Deal; Forms New Remediation JV
Vivakor, Inc. announced a significant one-year crude oil transaction through its commodities trading platform, Vivakor Supply & Trading, LLC (VST), valued at approximately $108 million. The deal, covering 100,000 barrels monthly, enhances Vivakor's integrated supply and trading strategy. Additionally, the company is forming Monarch Remediation Processing I, LLC (MRP) with Monarch R&P Management, LLC and CA-2 Materials, Inc. to govern its remediation center and wash plant operations in Harris County, Texas. This involves a $2.25 million capital contribution from Vivakor and VivaVentures, a site operations agreement with CA-2 Materials, and a management services agreement with Monarch R&P. Vivakor will also issue $2 million in stock to CA-2 Materials' management.
Key Highlights
- Vivakor's VST platform secured a one-year crude oil transaction valued at approximately $108 million.
- The deal involves 100,000 barrels of crude oil per month through the Cushing Terminal from June 1, 2026, to May 31, 2027.
- Vivakor and VivaVentures will contribute $2.25 million to the formation of Monarch Remediation Processing I, LLC (MRP).
- MRP will enter into a Site Operations Agreement with CA-2 Materials, Inc. for day-to-day operations of the Wash Plant.
- Monarch R&P Management, LLC will manage MRP's operations for a monthly fee of $110,000.
- Vivakor will issue restricted common stock worth $2 million to CA-2 Materials' management 60 days after the effective date.
Price Impact
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