Latest news with #Vivakor
Business Upturn
5 days ago
- Business
- Business Upturn
Vivakor Announces Annual Shareholder Meeting to be Held on September 11, 2025
Dallas, TX, Aug. 04, 2025 (GLOBE NEWSWIRE) — Vivakor, Inc. (Nasdaq: VIVK) ('Vivakor' or the 'Company'), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced that its Annual Shareholder Meeting will be held at 2278 Monitor Street, Dallas Texas 75207, to begin at 9:00 a.m. CST on September 11, 2025, and will be conducted in an in-person only format. Voting Information: Shareholders of Vivakor, as of the August 13, 2025 record date, can vote in person or by proxy. Shareholders needing assistance can email the Company at [email protected]. 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 gathering, storage, transportation, reuse, and remediation services under long-term contracts. Vivakor's oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. For more information, please visit our website: Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words 'anticipates,' 'expects,' 'intends,' 'plans,' 'should,' 'could,' 'would,' 'may,' 'will,' 'believes,' 'estimates,' 'potential,' or 'continue' and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market , the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Investors Contact:P:949-281-2606 [email protected]
Yahoo
30-07-2025
- Business
- Yahoo
EXCLUSIVE: Vivakor Sheds Water Transport Business To Refocus On Oil, Slashes $59 Million Debt
Vivakor (NASDAQ:VIVK) on Wednesday announced the sale of the non-core business units of Meridian Equipment Leasing, LLC, and Equipment Transport, LLC, subsidiaries of Vivakor Transportation, LLC, an indirect wholly-owned subsidiary of the company. Vivakor Chair and CEO James H. Ballengee said that the net consideration of approximately $11 million and the elimination of approximately $59 million in debt significantly improved the company's credit metrics and strengthened its capital structure. The transaction results in a modest increase in net equity due to the transfer of associated assets, reduces its overall risk profile, and positions it to better focus on core, high-growth opportunities, with minimal impact on EBITDA, he this transaction, Vivakor exits the produced water transportation sector and expects to realize meaningful annualized interest expense savings. The sale enables the company to streamline operations and focus capital and management attention on higher-margin business segments. Ballengee said that strategically, Vivakor refocused its efforts on expanding crude oil transportation, midstream infrastructure, and environmental remediation services, particularly those centered on reuse technologies. He added that this divestiture supports its ongoing objective to raise cash, reduce expenses, and accelerate the transition toward a more streamlined, capital-efficient business model. Meridian Equipment Leasing, LLC, and Equipment Transport, LLC collectively owned and operated a fleet of trucks and trailers dedicated to transporting oilfield-produced water, primarily serving producers in the Permian and Eagle Ford Basins. In June, Vivakor said it is focusing its growth strategy on the Permian and Eagle Ford Basins, aiming to expand its integrated crude oil storage, logistics, and marketing operations. The company owns and operates 10 pipeline injection stations in key areas of the Permian Basin across Texas and New Mexico. These facilities collect crude oil delivered by truck from production wells and transfer it into major interstate pipelines, including Centurion (Lotus), Plains Basin Pipeline (PAA), and the West Texas System (EPD). Price Action: VIVK stock is up by 14.01% at $1.30 premarket at last check on Wednesday. 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 Sheds Water Transport Business To Refocus On Oil, Slashes $59 Million Debt originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Vivakor (NASDAQ: VIVK) Poised for Opportunity at the Nexus of Energy and Innovation
As governments, consumers, and investors demand cleaner practices and corporate accountability, companies are being urged to innovate and adapt—or risk falling behind. Vivakor (NASDAQ: VIVK), a vertically integrated energy infrastructure and environmental services company, is positioned for this challenge. Engaged in the transportation, storage, reuse, and remediation of oilfield fluids and waste, Vivakor is proving that environmental responsibility and profitability are not mutually exclusive. Looking ahead, 'Vivakor is focused on expanding its environmental services segment, investing in infrastructure that enhances waste oil processing, and advancing technologies that reduce emissions and environmental impact. By positioning itself at the intersection of energy production and environmental innovation, the company is poised to play a vital role in the sustainable-energy landscape of the future.' To view the full article, visit About Vivakor Inc. Vivakor 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:
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.
