Vivakor Inc (NASDAQ: VIVK) is a midstream oil and gas company that provides crude oil transportation, terminaling, and marketing services across major U.S. producing basins. Revenue is generated through fee-based terminaling and storage contracts, crude oil marketing and trading, and trucking and pipeline operations. The company operates ten crude oil pipeline injection truck stations and two major terminaling facilities: a Colorado City, Texas terminal supported by a 10-year contract with a minimum 100,000-barrel-per-month volume commitment, and a Delhi, Louisiana terminal backed by a contract with Denbury Onshore, LLC (a subsidiary of ExxonMobil Corporation) for 60,000 net barrels per month. A third segment covers oil remediation processing. Vivakor was originally organized in 2006 as a Nevada limited liability company, converted to a Nevada corporation in 2008, and expanded through the 2022 acquisition of its Texas and Louisiana terminaling facilities and the October 1, 2024 acquisition of Endeavor Crude, LLC and related entities. James Ballengee serves as Chief Executive Officer.

Revenue model

Fee-based terminaling and storage contracts with minimum volume commitments, commodity marketing and trading revenue from purchase and sale of crude oil, condensate, natural gas liquids, and refined or processed oil products, and trucking and pipeline transportation fees.

Products and services

Crude oil pipeline injection truck stations (ten stations), terminaling and storage facilities (Colorado City, Texas and Delhi, Louisiana), a 42-mile company-owned pipeline connecting to the Plains/P66 STACK Pipeline and Cushing hub, crude oil and condensate marketing and trading, natural gas liquids distribution, atmospheric tank bottoms and naphtha processing, and oil remediation processing via a Remediation Processing Center.

Customers and end markets

Oil and gas producers requiring midstream transportation, terminaling, and marketing services. Contracted customers include Denbury Onshore, LLC (subsidiary of ExxonMobil Corporation) for 60,000 net barrels per month at the Delhi, Louisiana terminal. End markets are crude oil demand centers accessible via major pipeline junctions including the Cushing hub.

Value-chain role

Midstream operator positioned between upstream oil and gas producers and downstream pipeline networks. Owns and operates gathering pipelines, truck stations, and terminaling infrastructure that connects producer output to major pipeline systems and demand centers. Also holds patents on bitumen extraction and hydrocarbon separation technology, including US Patent 10,913,903 and US Patent 10,947,456.

Geographic exposure

United States, with facilities in Texas (Colorado City terminal, approximately 7 acres in Scurry County) and Louisiana (Delhi terminal, approximately 9.4 acres in Richland Parish). Pipeline easements and rights of way covering approximately 45 miles. Trucking operations previously included Pennsylvania-based Equipment Transport, LLC, which was sold on July 30, 2025.

Source: SEC 10-K, filed 2026-04-15

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