Vivakor Announces the First Continual and Environmentally Clean Oil Sands Operation to Complete a Year of Production
LAS VEGAS, NV–(Marketwired – March 7, 2018) – Vivakor Inc. (OTC PINK: VIVK) announced today that VivaVentures Energy Group, a wholly owned subsidiary of Vivakor Inc., has successfully extracted hydrocarbons from the oil sands in Utah for the past year.
Vivakor’s patent pending, closed looped hydrocarbon extraction technology was invented to solve a pivotal problem within the state of Utah: how to monetize over 30 billion barrels of estimated heavy crude reserves found within the oil sands in the state. Vivakor is the first and only Company to consistently produce oil from oil sands with an environmentally-friendly, closed-looped system. This system has demonstrated continuous developmental production of crude oil, while the sands are cleaned to 99% purity of all contaminants, and has done so for over a year now.