Vivakor signs Permian Basin crude oil deal adding $54M annually
Vivakor, Inc. (Nasdaq: VIVK) announced that its commodities trading platform, Vivakor Supply & Trading, LLC, has entered into a recurring crude oil transaction covering approximately 2,000 barrels per day through its pipeline-connected facilities in West Texas and New Mexico.
The arrangement is scheduled to begin July 1, 2026, structured as a one-month evergreen agreement that automatically renews unless terminated by either party. Based on expected volumes and current market pricing, the transaction is anticipated to generate approximately $150,000 in gross revenue per day, or about $4.5 million per month, representing approximately $54 million in annualized gross revenue.
Including this transaction, Vivakor states its recurring contracted commercial activities and supply and trading arrangements now represent more than $323 million in annualized contracted revenue opportunities, based on current pricing assumptions and expected volumes.
Crude oil volumes will be delivered through Vivakor-operated pipeline-connected injection stations across the Permian Basin and marketed at the inlet of the Energy Transfer pipeline system.
James Ballengee, Chairman and Chief Executive Officer of Vivakor, said the transaction "further validates the strategic value of our pipeline-connected infrastructure network across the Permian and Delaware Basins."
Vivakor operates ten pipeline-connected injection stations across Texas and New Mexico, connected to major crude oil transportation systems including Energy Transfer, Centurion, Plains Basin, Cactus II, Permian Express, and Enterprise pipeline networks.
The company noted that its trading subsidiary will generally recognize a small percentage of total contract value as revenue, reflecting its role as an intermediary within the physical commodity supply chain. Actual revenue recognized will vary based on market conditions, commodity pricing, transaction structure, and volumes delivered.
