Vivakor Surpasses $1 Billion in Annualized Crude Transactions

Vivakor's physical crude oil marketing platform has surpassed $1.09 billion in annualized commercial activity, the company said Thursday. The wholly owned subsidiary Vivakor Supply & Trading executed two new recurring purchase and sale transactions at the Cushing and Midland terminals. Those programs are expected to generate about $384 million in annualized commercial activity, based on current market pricing.

"Surpassing $1 billion of announced annualized commercial activity marks an important milestone in the continued growth of Vivakor Supply & Trading," said James Ballengee, Chairman, President and CEO of Vivakor. "The continued expansion of our recurring commercial programs reflects the strength of our commercial relationships and our ability to consistently originate and execute physical crude oil transactions."