Vivakor Locks $72M Year-Long Crude Oil Trade With Transport Services
Vivakor’s trading arm executed a 12-month crude oil deal totaling $72 million, with roughly $6 million in monthly volumes and included transportation services through May 2027. The company expects to recognize about 1% of the contract value on standard trades, reinforcing its integrated logistics and marketing strategy.
1. Transaction Details
Vivakor Supply & Trading has locked in a recurring crude oil agreement extending through May 2027 that covers approximately $6 million of monthly volume, amounting to $72 million over the twelve-month term and includes associated transportation services.
2. Strategic Integration
The deal supports Vivakor’s integrated infrastructure strategy by leveraging its transportation, storage and marketing network across key U.S. producing basins, enhancing system connectivity and facilitating efficient crude movement.
3. Revenue Recognition
On standard crude trades under this arrangement, Vivakor anticipates recognizing about 1% of contract value, equating to roughly $720,000 in revenue over the term, contributing to its commodities trading income stream.