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(NASDAQ:VIVK), an energy infrastructure company, announced Thursday a new recurring Cushing crude oil transaction that lifts its annualized contracted revenue opportunities to about $420 million.
Cushing Deal Details Vivakor Supply & Trading, LLC entered into an agreement covering about 100,000 barrels of WTI crude oil per month through the Enterprise Products Cushing Terminal.
The deal is expected to run from August 2026 through July 2027.
Based on expected volumes and current market pricing, Vivakor expects the transaction to generate about $7.5 million per month, or approximately $90 million in annualized gross revenue.
