DealsJun 18, 2026, 05:12 PM
Vivakor Secures New Crude Oil Deals, Annualized Revenue Exceeds $323M
AI Summary
Vivakor announced two new crude oil transactions: a one-year Bakken deal expected to generate $115 million in annualized gross revenue (4,000 barrels/day) and a Permian Basin deal for approximately $54 million in annualized gross revenue (2,000 barrels/day). These agreements bring Vivakor's total annualized contracted revenue opportunities to over $323 million. The company also highlighted the strategic value of its U.S. Midstream Infrastructure Network. Additionally, Vivakor converted $175,200 of Holder Notes into 600,000 common shares and $487,988 of Lender Notes into 1,844,447 common shares.
Key Highlights
- Secured a one-year Bakken crude oil transaction, commencing July 1, 2026.
- Bakken deal expected to generate $115 million in annualized gross revenue (4,000 barrels/day).
- Secured a new Permian Basin crude oil transaction, commencing July 1, 2026.
- Permian deal expected to generate $54 million in annualized gross revenue (2,000 barrels/day).
- Total annualized contracted revenue opportunities now exceed $323 million.
- Converted $175,200 of Holder Notes into 600,000 common shares.
- Converted $487,988 of Lender Notes into 1,844,447 common shares.
- Highlighted strategic value of its U.S. Midstream Infrastructure Network.
Price Impact
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