Vivakor (NASDAQ: VIVK) adds two crude oil programs, expanding its annualized marketing platform to $1.5B. Read the full news break.
Vivakor Inc. (NASDAQ:VIVK), an energy infrastructure company, announced two new long-term crude oil programs Wednesday.
The programs increased its recurring marketing platform to approximately $1.5 billion in annualized commercial activity.
Crude Oil Platform Expands
The two new long-term crude oil marketing programs add approximately $400 million in annualized commercial activity.
They cover recurring purchases and sales of about 500,000 barrels per month.
Vivakor shares surged nearly 400% after expanding its crude oil marketing platform with recurring agreements targeting $709…
Vivakor expanded its supply and trading platform with a long-term crude oil transaction supporting revenue visibility.
Vivakor secures a Cushing crude deal expected to lift annualized contracted revenue opportunities to about $420 million.
Vivakor advances its flagship oil processing facility with equipment testing and operational preparations following successful…
VIVK advances its Houston remediation project through a new partnership focused on commissioning and commercial operations.
Vivakor stock fell 31% after hours after the company announced a 1-for-20 reverse stock split.
