Vivakor, Inc. provides crude oil transportation, terminaling, and marketing services in the United States. It operates through three segments: Crude Oil Transportation; Terminaling and Storage Facilities; and Marketing and Trading. The company was formerly known as NGI Holdings, LLC and changed its name to Vivakor, Inc. in April 2008. It was incorporated in 2006 and is based in Dallas, Texas.
Vivakor announced that its wholly owned subsidiary, Vivakor Supply & Trading, is expected to generate approximately $270 million of unaudited revenue for the three months ending September 30, 2026, based primarily on recurring physical crude oil marketing programs currently in place. Including revenue recognized in the first six months of 2026, the company expects the subsidiary to generate about $313 million for the nine months ending September 30, 2026. Chairman and CEO James Ballengee said the guidance provides clarity on how growing commercial activity will translate into reported revenue, noting the segment generated about $40 million in the first half and is now expected to see a rapid scale-up in the third quarter.
Vivakor Signs Non-Binding Indication of Interest to Acquire M2i Global
Vivakor Inc. and M2i Global Inc. have signed a non-binding indication of interest to evaluate a potential business combination. The proposed equity-exchange acquisition would pair Vivakor's commodities marketing and remediation operations with M2i's critical minerals platform, including a federally sited critical mineral repository initiative and commercial offtake relationships. The companies plan to negotiate for an initial 30-day period, focusing on valuation, transaction structure, management and board composition. Any transaction would remain subject to due diligence, definitive agreements, applicable approvals and customary closing conditions. Vivakor shares were down 2.63% at $1.295 during premarket trading on Thursday.
Vivakor adds 2.4 million barrels of annual crude sales, nearing $2 billion in annualized commercial activity
Vivakor announced that its subsidiary Vivakor Supply & Trading has entered new 12-month crude oil purchase and sale transactions, adding 2.4 million barrels of annual sales volume and pushing the company toward $2 billion in annualized commercial activity. The agreements, which involve selling 200,000 barrels of West Texas Intermediate crude per month, are set to run from September 1, 2026 through August 31, 2027. Chairman and CEO James Ballengee stated that the company is rapidly approaching the $2 billion milestone and expects continued momentum. Vivakor noted that as an intermediary, it will recognize only a small percentage of the total contract value as gross profit.
Vivakor completes funding, begins commissioning at Houston oil remediation center
Vivakor has fulfilled the capital funding commitments under its Monarch Remediation & Processing I, LLC joint venture, allowing commissioning activities to start at its Remediation Processing Center in Harris County, Texas. The completion of the required capital marks a key milestone for the flagship Houston facility, with system testing, equipment validation, and operational readiness activities now underway. Chairman, President and CEO James Ballengee said the company remains focused on successfully completing commissioning and moving toward commercial operations. Vivakor intends to provide further updates as the center reaches operational milestones.
Vivakor and Olenox Amend LOI, Target July 31 Closing for $36 Million Oklahoma Midstream Asset Sale
Vivakor and Olenox Industries have executed an amendment to their letter of intent for the approximately $36 million sale of Vivakor's CPE Gathering MidCon business, setting a target closing date of July 31, 2026. The parties continue to advance due diligence, obtain third-party consents, and negotiate definitive transaction documentation. CPE Gathering operates the Omega system, an on-basin midstream platform providing crude oil gathering, transportation, terminaling, and pipeline connectivity in the STACK region of Oklahoma. The transaction value reflects expected annual EBITDA of approximately $4.56 million under take-or-pay contractual arrangements. Vivakor CEO James Ballengee stated the additional time allows completion of customary diligence and approvals while supporting the company's broader growth strategy.
Vivakor Highlights Strategic Value of Southwestern U.S. Midstream Network Amid Oil Volatility
Vivakor highlighted the strategic positioning of its integrated midstream operating assets across several major U.S. producing basins amid elevated crude oil price volatility and increasing demand for domestic energy logistics infrastructure. The company operates oil terminals, trucking fleets, pipeline injection stations, and a crude oil pipeline infrastructure across the Permian, Delaware, Haynesville, and Eagle Ford basins. Its network includes 10 pipeline injection stations in Texas and New Mexico supported by a fleet of more than 100 tanker trucks, connecting to pipelines such as Centurion Pipeline, Plains Basin Pipeline, Cactus II, Permian Express, and The West Texas System. Vivakor also owns the White Claw Colorado City crude oil terminal with 120,000 barrels of storage capacity and the Omega Terminal in Oklahoma with 100,000 barrels of storage capacity, connected to Cushing, Oklahoma through the Omega Pipeline and Plains Pipeline network. Chairman and CEO James Ballengee noted that periods of elevated crude oil volatility typically increase the importance of strategically located transportation, storage, and pipeline-connected infrastructure, and that Vivakor's footprint positions it to support increasing regional crude oil movement.
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