DealsApr 30, 2026, 09:02 AM
VIVK Secures $72M Recurring Crude Oil Trading Deal Through May 2027
AI Summary
Vivakor, Inc. announced that its commodities trading platform, Vivakor Supply & Trading (VST), has executed a recurring crude oil transaction extending through May 2027. This deal represents approximately $6.0 million in crude oil volume per month, totaling about $72.0 million over a twelve-month term, and includes associated transportation services. The transaction enhances system connectivity and value, aligning with Vivakor's integrated platform strategy, with the company anticipating recognizing about 1% of the contract value.
Key Highlights
- Vivakor's VST platform secured a recurring crude oil transaction through May 2027.
- The transaction represents approximately $6.0 million in crude oil volume per month.
- Total crude oil volume is approximately $72.0 million over the twelve-month term.
- The deal includes associated transportation services.
- Company anticipates recognizing approximately 1% of the contract value on standard crude trades.
- Reflects continued execution of Vivakor's integrated platform strategy.