Vivakor

Vivakor, Inc. engages in the operation, acquisition, and development of clean energy technologies and environmental solutions that focus on soil remediation. It specializes in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. The company focuses on the remediation of contaminated soil and water resulting from either man-made spills or naturally occurring deposits of oil. Its primary focus is remediation of oil spills resulting from the Iraqi invasion of Kuwait and naturally occurring oil sands deposits in the Uinta basin located in Eastern Utah. Vivakor was founded on November 1, 2006 and is headquartered in Lehi, UT.

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Vivakor, Inc. engages in the operation, acquisition, and development of clean energy technologies and environmental solutions that focus on soil remediation. It specializes in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. The company focuses on the remediation of contaminated soil and water resulting from either man-made spills or naturally occurring deposits of oil. Its primary focus is remediation of oil spills resulting from the Iraqi invasion of Kuwait and naturally occurring oil sands deposits in the Uinta basin located in Eastern Utah. The company was founded on November 1, 2006 and is headquartered in Dallas, TX.

Empire's Port Infrastructure to Provide Synergies for Vivakor to Boost Revenue and Growth DALLAS, TX / ACCESSWIRE / October 30, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, today provided an update on the anticipated merger with Empire Diversified Energy, Inc. ("Empire" and the "Merger", respectively). The Merger, which was previously announced to close in 2024, is now being revised to the first quarter of 2025.

Vivakor Provides Update on Closing of Merger With Empire Diversified Energy

Management to Discuss the Company's Recent $120 Million Acquisition DALLAS, TX / ACCESSWIRE / October 17, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation service, is pleased to announce its participation and presentation at the ThinkEquity Conference being held at the Mandarin Oriental Hotel in New York on October 30, 2024. This annual conference brings together over 700 public company advisors, institutional investors and presenting companies to network and learn about emerging opportunities across a variety of industry sectors.

Vivakor to Present at ThinkEquity Investor Conference on October 30, 2024

DALLAS, TX / ACCESSWIRE / October 7, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, is pleased to announce that all closing processes have been completed and, effective October 1, 2024, it closed its previously announced acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, Equipment Transport, LLC, and Silver Fuels Processing, LLC, and their subsidiaries (collectively, the "Endeavor Entities"). James Ballengee, Chairman, President, & CEO, commented, "The closing of the Endeavor Entities was a significant undertaking, with multiple business lines, spanning over six months in the making, culminating in Vivakor now owning one of the largest combined fleets of oilfield services in the continental United States.

Vivakor Closes $120 Million Acquisition of Endeavor Entities

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.

Vivakor to finalize acquisition of Endeavor entities, expanding oilfield logistics operations

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.

Vivakor Board Approves Closing of $120 Million Acquisition of Endeavor Entities

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Vivakor Inc (NASDAQ:VIVK) announced it has formed a new business unit focusing on petroleum marketing operations, Vivakor Supply & Trading (VST). The company expects VST to bolster its operations, diversify revenue streams and manage market risk at its Delhi, Louisiana and Colorado City, Texas facilities through petroleum marketing activities.

Vivakor unveils new petroleum marketing division

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 Forms Petroleum Marketing Division

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 eyes Q3 for closing of Endeavor Entities acquisition

DALLAS, TX / ACCESSWIRE / July 2, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, today is pleased to provide an update on the closing of 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 (collectively, 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 Provides Update on the Endeavor Entities Closing

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 merger partner pens waste to hydrogen deal

DALLAS, TX / ACCESSWIRE / May 9, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced that it has received notice from The Nasdaq Stock Market informing the Company that, after having a closing bid price at or greater than $1.00 per share for 10 consecutive business days from April 19 to May 2, 2024, the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market, and that the matter is now closed. About Vivakor, Inc. Vivakor, Inc. (NASDAQ:VIVK), is a clean energy technology company focused on the oil remediation and natural resources sectors.

Vivakor Regains Compliance with Nasdaq Minimum Bid Price Requirement

Vivakor Inc (NASDAQ:VIVK) has reported impressive results for the financial year ended December 31, with both revenue and gross profit increasing and the company narrowing its operating and net losses when compared to the previous year. The oil remediation-focused clean energy technology company grew its revenue by 111% year-over-year to $59.3 million, with the increase attributed to realized oil and natural gas liquid sales from the operations of Silver Fuels Delhi acquired in 2022.

Vivakor grows revenue and profits and narrows losses in 2023

DALLAS, TX / ACCESSWIRE / April 29, 2024 / Vivakor, Inc. (Nasdaq:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced financial and operational results for the twelve months ended December 31, 2023. Key Financial Highlights for the Year Ended December 31, 2023 (year-over-year): Revenue increased 111% to $59.3 million Gross profit increased 75% to $5.0 million Gross margin of 8.5% Operating loss decreased 72% to $6.3 million Adjusted EBITDA increased approximately 122% to $0.5 million Net loss decreased 45% to $10.7 million Subsequent to the End of 2023: Signed Definitive Merger Agreement with Empire Diversified Energy for a Combined Enterprise Value of Approximately $250 Million at Time of Signing Signed Definitive Agreement to Acquire Endeavor Entities for $120 Million Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, "We are pleased with our 2023 financial results, as our operating assets in Colorado City, Texas and Delhi, Louisiana continue to meet our expectations.

Vivakor Reports 111% Revenue Growth to $59.3 Million Revenue for 2023

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 to acquire Endeavor Entities in $120M all-stock deal

DALLAS, TX / ACCESSWIRE / March 25, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today is pleased to announce that as of March 21, 2024, it signed a definitive Membership Interest Purchase Agreement ("MIPA") to acquire Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, including its subsidiary CPE MidCon, LLC, Equipment Transport, LLC., and Silver Fuels Processing, LLC , collectively the Endeavor Entities ("Endeavor Entities"), from Jorgan Development, LLC and JBAH Holdings, LLC (collectively "Jorgan").

Vivakor Signs Definitive Agreement to Acquire Endeavor Entities for $120 Million

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Vivakor, Inc. (the “Company”) (NasdaqCM: VIVK) and Empire Diversified Energy, Inc. (OTC: MPIR). KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company. If you would like to discuss your legal rights regarding the proposed tran.

VIVAKOR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Vivakor, Inc. - VIVK

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Vivakor, Inc. (NASDAQ: VIVK) and Empire Diversified Energy, Inc. is fair to Vivakor shareholders. Halper Sadeh encourages Vivakor shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Vivakor and its board violated.

VIVK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Vivakor, Inc. Is Fair to Shareholders

MILWAUKEE , March 5, 2024 /PRNewswire/ -- Ademi LLP is investigating Vivakor (NASDAQ: VIVK) for possible breaches of fiduciary duty and other violations of law in its transaction with Empire Diversified Energy. Click here to learn how to join the https://www.ademilaw.com/case/vivakor-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Vivakor, Inc. has obtained a Fair Price in its transaction with Empire Diversified Energy

Vivakor Inc (NASDAQ:VIVK) shares added more than 23% after it announced it would be merging with Empire Diversified Energy, a West Virgina-based energy and logistics holding company, for a combined enterprise value of approximately $250 million. "This is a significant milestone for our company and we believe accelerates our vision to build a state-of-the-art, clean energy and remediation technologies company,” Vivakor CEO James Ballengee said.

Vivakor shares surge on merger with Empire Diversified Energy

Synergies Expected to Provide Infrastructure for Expansion and Accelerate Revenue Growth DALLAS, TX / ACCESSWIRE / March 4, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today is pleased to announce it has signed a definitive agreement and plan of merger (the "Merger Agreement") with Empire Diversified Energy, Inc. (OTC Pink:MPIR) ("Empire"), a multifaceted holding company with business units in sustainable energy and logistics. Under the terms of the Merger Agreement, unanimously approved by the board of directors of each party, upon a successful closing, Vivakor would acquire all the outstanding shares of Empire common and preferred stock, on an as-converted basis, for net consideration of 67,200,000 shares (the "Consideration Shares") of Vivakor common stock, resulting in Empire becoming a wholly-owned subsidiary of Vivakor upon the closing (the "Merger").

Vivakor Signs Definitive Merger Agreement with Empire Diversified Energy for a Combined Enterprise Value of Approximately $250 Million

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 completes factory acceptance tests at Texas Remediation Processing Center

Completed Factory Acceptance Test and Now Working Toward Commercial Operations DALLAS, TX / ACCESSWIRE / February 5, 2024 / Vivakor, Inc. (Nasdaq:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, is pleased to announce the completion of the factory acceptance tests for its Remediation Processing Center (RPC) in Houston, Texas. The tests were done in conjunction with RK Energy and checked out all the Control Logic, Operating Screens, PLC controls, Plant Interlocks and all plant equipment/instruments/devices.

Vivakor Achieves Milestone for its RPC in Houston, Texas

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%.

Vivakor sees impressive revenue growth from US oil and gas assets

DALLAS, TX / ACCESSWIRE / November 30, 2023 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced financial and operational results for the three and nine months ended September 30, 2023. Key Financial Highlights for Three Months Ended September 30, 2023 (year-over-year): Revenue increased 39% to $16.3 million Gross profit increased 28% to $1.5 million Gross margin of 9.5% Operating loss decreased 37% to $2.3 million Adjusted EBITDA increased approximately 1,065% to $1.6 million Net loss decreased 59% to $2.5 million Key Financial Highlights for Nine Months Ended September 30, 2023 (year-over-year): Revenue increased 286% to $45.4 million Gross profit increased 253% to $4.3 million Gross margin of 9.4% Operating loss decreased 23% to $7 million Adjusted EBITDA increased 211% to $1.9 million Net loss decreased 3% to $6.9 million Total assets of $76.1 million Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, "Our operating assets in Colorado City, Texas and Delhi, Louisiana continue to perform very well and have exceeded our expectations.

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