Vivakor Launches $23 Million LPG Trade, Expands Midstream Reach Under $40 Million Credit Facility

Vivakor’s trading arm completed its first $23 million LPG deal under a $40 million credit facility, expanding the company’s midstream presence and diversifying beyond crude oil trading.

(P&GJ) — Vivakor Inc. announced that its commodities arm, Vivakor Supply & Trading (VST), has completed its first major liquefied petroleum gas (LPG) transaction, valued at about $23 million, under the company’s $40 million intermediation credit facility.

The move marks Vivakor’s entry into the LPG market and broadens its trading portfolio beyond crude oil. The Dallas-based company said the transaction reflects its strategy to leverage existing midstream assets—such as gathering and transportation infrastructure—to strengthen its position across the energy supply chain.

According to Vivakor, VST will handle logistics, transportation, and gathering operations associated with the LPG trade. The company noted that revenue from such deals typically represents a small percentage of the total contract value, reflecting its intermediary role within the physical commodities market.

“Executing our first major LPG transaction under the new credit facility represents a significant operational milestone for Vivakor Supply & Trading,” said James Ballengee, Vivakor’s chairman, president and CEO. “This achievement highlights our ability to broaden our market presence beyond crude oil while maintaining strict adherence to industry-standard trading and confidentiality practices.”

Ballengee added that the expansion into LPG strengthens Vivakor’s trading platform and supports its long-term growth in the midstream sector.