Vivakor announced the sale of non-core business units, resulting in $11 million in net consideration and $59 million debt elimination. The company sees a modest increase in net equity, reduced risk profile, and better focus on high-growth opportunities. Exiting the produced water transportation sector, Vivakor expects significant interest expense savings, streamlining operations to focus on higher-margin segments. The company now focuses on expanding crude oil transportation, midstream infrastructure, and environmental remediation services. Vivakor aims to raise cash, reduce expenses, and transition to a more streamlined business model. Stock is up 14.01% at $1.30 premarket.

Read more at Yahoo Finance: Vivakor Sheds Water Transport Business To Refocus On Oil, Slashes $59 Million Debt