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Vivakor JV Eyes $108M Oil Deal
10 Jun
Summary
- Vivakor forms joint venture with Monarch R&P Management.
- JV will launch Vivakor's Houston Remediation Processing Center.
- A one-year crude oil transaction is valued at $108 million.
Vivakor, Inc. has announced a significant joint venture with Monarch R&P Management, an affiliate of CA-2 Materials, Inc. This collaboration will establish Monarch Remediation & Processing I, LLC, tasked with overseeing the commissioning and launch of Vivakor's Houston-area Remediation Processing Center (RPC) and its associated wash plant facility.
The agreement marks a critical progression for the project, transitioning it from the development and construction phases into commissioning and operational readiness. Commercial operations are slated to commence in the third quarter of 2026, significantly enhancing Vivakor's integrated energy and environmental services platform.
In a parallel development, Vivakor's commodities trading platform has secured a recurring one-year crude oil transaction. This deal involves approximately 100,000 barrels of crude oil per month through the Cushing Terminal, running from June 1, 2026, to May 31, 2027. Based on current market pricing, this transaction represents an estimated $9 million per month, totaling about $108 million annually.
