Vivakor is a small independent midstream company that transports, stores, and trades crude oil across major U.S. producing basins, primarily the Permian Basin, Eagle Ford Shale, and the Anadarko Basin's STACK play in Oklahoma. Vivakor's customers include oil producers, marketers, and refiners — notably Marathon Oil, ConocoPhillips, Phillips 66, BP, Civitas, and Validus — and Vivakor serves them through three active segments. The transportation segment operates a trucking fleet and pipeline infrastructure, including the 45-mile Omega Gathering Pipeline in Oklahoma, which connects regional production to the Cushing hub. The terminaling and storage segment owns ten crude oil truck stations and two major terminals: one in Colorado City, Texas (backed by a 10-year take-or-pay contract) and one in Delhi, Louisiana (operated under a contract with Denbury, an ExxonMobil subsidiary). The marketing and trading segment, launched in August 2024, buys crude oil, condensate, NGLs, and refined products at index prices and resells to refiners and end users, leveraging Vivakor's own logistics network to capture margin. Vivakor also has a remediation processing business under development, designed to process oilfield waste and recover hydrocarbons for resale, though that facility is not yet operational and its lease is currently in default. Vivakor earns through a mix of fee-based transportation and terminaling contracts — many with minimum volume or take-or-pay commitments — and commodity spread in marketing. The company has grown primarily through acquisitions, most recently a $116.3M deal in October 2024.
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