Vivakor VIVK

Vivakor, Inc. operates as an integrated midstream company focused on crude oil transportation, terminaling, storage, marketing, trading, and environmental remediation services. The company gathers, transports, purchases, and markets crude oil, condensate, natural gas liquids, and refined products across key producing basins including the Permian Basin, Eagle Ford Shale, and the Anadarko Basin’s STACK Play. Its operations are anchored by the 45-mile Omega Gathering Pipeline in Oklahoma, which connects the Plains/P66 STACK Pipeline to the Cushing, Oklahoma storage hub, enabling efficient movement of production to downstream markets. Vivakor provides fee-based transportation and terminaling services through strategically located facilities and long-term commercial agreements with producers, marketers, and refiners.

Vivakor generates revenue through fee-based services and commodity trading across its integrated operations. The company earns transportation and terminaling fees from moving and storing crude oil and related products via its trucking fleet, pipeline, and terminal facilities. Revenue is also derived from the purchase, blending, and resale of crude oil, condensate, natural gas liquids, and refined products through its marketing and trading segment. Additionally, the company anticipates future revenue from its planned Remediation Processing Center, which will recover hydrocarbons from oilfield waste and contaminated soils for resale, creating value from environmental remediation activities.

The company operates through the following segments: crude oil transportation, terminaling and storage facility services, marketing and trading, and remediation.

• Crude oil transportation: This segment operates a large independent crude oil trucking fleet in North America and utilizes the 45-mile Omega Gathering Pipeline to gather, transport, and purchase crude oil, condensate, NGLs, and oil byproducts. The pipeline connects the Plains/P66 STACK Pipeline to the Cushing, Oklahoma storage hub, creating a scalable link between regional production and national markets. Customers have included leading producers, marketers, and refiners such as Marathon Oil Company, ConocoPhillips, Phillips 66, BP, Civitas, and Validus.
• Terminaling and storage facility services: This segment operates strategically located gathering stations and terminals within major crude oil producing basins, including ten crude oil pipeline injection truck stations primarily in the Permian Basin and two major terminaling facilities. The Colorado City, Texas facility is underpinned by a long-term take-or-pay agreement requiring a minimum of 100,000 barrels per month through 2031 with Jorgan Development, LLC, a related party affiliated with Chairman James Ballengee. The Delhi, Louisiana facility is supported by minimum-volume and resale-margin commitments under agreements with third parties, while the CP Omega Terminal offers fee-based transportation and terminaling services under long-term producer contracts and is linked to the Plains/P66 STACK Pipeline and the Cushing hub.
• Marketing and trading: Launched in August 2024, this segment manages the purchase, aggregation, marketing, and resale of crude oil, condensate, natural gas liquids, and refined products such as atmospheric tank bottoms and naphtha. Operating as a core component of the integrated midstream platform, it connects production, transportation, terminaling, and end-market delivery through logistics networks in Texas, Oklahoma, and Louisiana. The segment purchases hydrocarbons from producers and counterparties at market-based index prices, less transportation and marketing fees, and resells them under contract to refiners, marketers, and end users, with plans to include recovered hydrocarbons from the future Remediation Processing Center.
• Remediation: This segment is developing the Remediation Processing Center located at the San Jacinto River & Rail Park in Harris County, Texas, expected to begin operations in the third quarter of 2026. The facility will process up to 800 tons per day of oilfield waste, tank bottoms, and contaminated soils to recover valuable hydrocarbons such as condensate, propane, and butane for resale through the marketing and trading division. The remediation operations are supported by three U. S. patents and pending foreign applications for contaminated soil remediation and hydrocarbon recovery, automation software enabling 24/7 remote operation, and a license to upgrade recovered hydrocarbons.

Vivakor competes in the U. S. midstream sector, which includes companies providing transportation, storage, processing, and marketing services for crude oil and natural gas liquids. The company differentiates itself through its integrated platform that spans transportation, terminaling, storage, marketing, and planned environmental remediation services, enabling end-to-end solutions across the crude oil value chain. Its strategic infrastructure footprint, including the Omega Gathering Pipeline and terminals near key producing regions, provides connectivity to major demand centers. Long-term commercial agreements with minimum volume commitments offer a contracted and recurring revenue base, while the planned Remediation Processing Center positions the company to capitalize on growing demand for environmental processing and hydrocarbon recovery driven by sustainability initiatives.

Vivakor serves a customer base consisting of crude oil producers, marketers, refiners, and end users across its operational regions. Specific customers have included Marathon Oil Company, ConocoPhillips, Phillips 66, BP, Civitas, and Validus. The company also maintains commercial relationships with third parties for its Delhi, Louisiana facility and engages with Jorgan Development, LLC, a related party, for its Colorado City, Texas terminal under long-term take-or-pay agreements. These relationships support throughput volumes and provide operational visibility into cash flows.