Vivakor, Inc.
Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, operating and developing technologies and assets within the oil and gas industry. The company's mission is to acquire, accumulate, and operate assets and technologies in the energy sector, focusing on socially responsible solutions that enhance natural resource value and improve the environment. Vivakor's headquarters are located in Dallas, Texas.
The company operates through three primary segments: Transportation and Logistics Services, Terminaling and Storage Products Services, and Supply and Trading. Its transportation and logistics operations include crude oil gathering and trucking services, with a fleet of over 100 tanker trucks and pipeline operations across major U.S. oil basins such as the Permian, Delaware, Haynesville, and Eagle Ford. The terminaling and storage segment manages crude oil terminal facilities and ten pipeline injection stations, facilitating the storage, handling, and distribution of crude oil and petroleum products. Additionally, Vivakor provides environmental remediation services, utilizing clean technologies to remediate contaminated soil and water by extracting hydrocarbons from sites like oil sands and oil spills.
In recent news, Vivakor announced a recurring crude oil transaction, effective July 1, 2026, involving approximately 2,000 barrels per day through its pipeline-connected facilities in West Texas and New Mexico, projected to generate around $4.5 million monthly. This transaction contributes to the company's annualized contracted revenue opportunities, which now exceed $323 million. Vivakor also completed a $12 million private placement of convertible promissory notes to support working capital and project advancements. The company's flagship remediation processing center in Houston, Texas, is anticipated to become commercially operational in the third quarter of 2026. James Ballengee serves as the Chairman and Chief Executive Officer, leading Vivakor's strategic positioning at the intersection of energy logistics and environmental solutions.
Latest updates
