VivakorNASDAQ: VIVK

Vivakor Inc (NASDAQ:VIVK) announced its Board has approved the acquisition of Endeavor Crude, Meridian Equipment Leasing, Equipment Transport, and Silver Fuels Processing, with the deal set to close on October 1, 2024. The Endeavor Entities form a fully-integrated midstream logistics business, specializing in transporting, storing, treating, and selling crude oil, produced water, and hydrocarbons.

For the Six Months Ended June 30, 2024, the Endeavor Entities Realized Revenues of $47.3 Million, with $9.3 Million EBITDA DALLAS, TX / ACCESSWIRE / September 24, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, announced today that its Board of Directors approved the closing of its planned acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, Equipment Transport, LLC, and Silver Fuels Processing, LLC, and their subsidiaries (collectively, the "Endeavor Entities") as previously announced. The closing will be effective on October 1, 2024.

DALLAS, TX / ACCESSWIRE / August 13, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, has formed a new business unit, Vivakor Supply & Trading ("VST"), focusing on petroleum marketing operations. Vivakor management intends that VST will bolster operations, diversify revenue streams, and manage market risk at the Company's Delhi, Louisiana and Colorado City, Texas facilities through petroleum marketing activities.

Vivakor Inc (NASDAQ:VIVK) told investors it is now targeting the third quarter of 2024 to close its previously announced acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, its subsidiary CPE Gathering MidCon, LLC, Equipment Transport, LLC, its subsidiary ET EmployeeCo, LLC, and Silver Fuels Processing, LLC, known collectively as the Endeavor Entities. The Endeavor Entities are providers of oil and gas logistics, transportation, gathering, blending, storage, remediation, and reuse of crude oil, crude oil byproducts, produced water, and oilfield waste, including truck and pipeline transportation of such commodities, Vivakor highlighted.

Vivakor Inc (NASDAQ:VIVK)'s proposed merger partner Empire Diversified Energy Inc has agreed a new deal relating to hydrogen production from waste. Having announced a proposed merger with Empire in March, Vivakor highlighted the agreement on Thursday.

Vivakor Inc (NASDAQ:VIVK) announced strong financial results for the year ended December 31, showing growth in revenue and gross profit, as well as a reduction in operating and net losses compared to the prior year. The clean energy technology company, which focuses on oil remediation, saw a 111% increase in revenue to $59.3 million, largely due to the oil and natural gas liquid sales from Silver Fuels Delhi acquired in 2022.

Vivakor Inc (NASDAQ:VIVK) announced that it has signed a definitive Membership Interest Purchase Agreement to acquire a group of assets from Jorgan Development for $120 million in stock.   The company said it will acquire Endeavor Crude, Meridian Equipment Leasing, including its subsidiary CPE MidCon, Equipment Transport, and Silver Fuels Processing, known collectively as the Endeavor Entities.

Vivakor Inc (NASDAQ:VIVK) announced that it has completed the factory acceptance tests for its Remediation Processing Center (RPC) in Houston, Texas, a major milestone for the company as it advances the site toward commercial operation. The company said the testing of all the control logic, operating screens, PLC controls, plant interlocks and all plant equipment, instruments and devices was carried out in partnership with RK Energy.

Vivakor Inc (NASDAQ:VIVK) reported a big increase in revenue during the third quarter thanks to strong oil and natural gas liquid sales from its Louisiana assets. Total revenue for the quarter increased by 39% year-over-year to $16.3 million, while gross profit increased by 28%, totaling $1.5 million, resulting in a gross margin of 9.5%.