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Globe and Mail
03-06-2025
- Business
- Globe and Mail
Vivakor (NASDAQ: VIVK) Expands Strategic Oil Logistics in Permian Basin
Vivakor (NASDAQ: VIVK) an integrated energy services provider, is advancing its growth strategy across the Permian and Eagle Ford Basins with a focus on expanding its crude oil storage, logistics, and marketing operations. The company operates 10 pipeline injection stations in key areas of the Permian Basin, aggregating crude volumes from well sites and connecting to major pipelines including Centurion, Plains Basin Pipeline, and the West Texas System. Chairman and CEO James Ballengee noted these assets position Vivakor as a vital logistics hub, offering producers market access while optimizing revenue and returns. With the Permian generating over 40% of U.S. oil output, Vivakor's infrastructure plays a key role in supporting growing production and energy demand. To view the full press release, visit About Vivakor, Inc. Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor's integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts. Once operational, Vivakor's oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. About InvestorWire InvestorWire ('IW') is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge. For more information, please visit Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: InvestorWire Austin, Texas 512.354.7000 Office Editor@ InvestorWire is powered by IBN
Yahoo
03-06-2025
- Business
- Yahoo
EXCLUSIVE: Vivakor Bets On Permian Boom With 10 Crude Hubs
Vivakor, Inc's (NASDAQ:VIVK) announced Tuesday that its growth strategy is anchored in the Permian and Eagle Ford Basins, where the company is positioned to expand its integrated crude oil storage, logistics, and marketing value chains. Vivakor said it owns and operates 10 strategically located pipeline injection stations in the core Permian Basin in Texas and New Mexico. These facilities receive and aggregate crude oil transported by truck from production wells, throughputting volumes into interstate crude oil pipelines that include Centurion (Lotus), Plains Basin Pipeline (PAA), and the West Texas System (EPD). Also Read: James Ballengee, Vivakor Chairman and CEO, said its facilities in the Permian enabled it to support increasing volumes from upstream operators, enhance crude blending and compression efficiency, and ultimately drive revenue growth and operating leverage as activity scales. Ballengee said the Permian continues to be the biggest contributor to U.S. crude oil and NGL production, supporting international and domestic energy demand. Consistent drilling, quantities produced, and barrels brought to key markets bolstered its revenues and business model. Vivakor's infrastructure directly supports its broader strategy to deliver vertically integrated services in one of the world's most productive oil regions. With the Permian accounting for over 40% of total U.S. oil output, Vivakor's expanded operations give it a front-row seat to the sector's next growth cycle. Price Action: VIVK stock closed lower by 6.14% at $1.07 on Monday. Read Next: Rivian Stock Goes Red After Offering $1.25 Billion Green Bond To Refinance 2026 Debt Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: Vivakor Bets On Permian Boom With 10 Crude Hubs originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
