Chevron leases 125,000 acres in south Arkansas Smackover Formation for lithium
Key Questions
What is Chevron's involvement in South Arkansas lithium?
Chevron leased 125,000 acres in the Smackover Formation for its first major domestic lithium play using Direct Lithium Extraction (DLE). This targets Union and Columbia counties.
What is the potential output of DLE projects in the area?
DLE projects aim for 100k tons per annum (TPA) potential. Lithium remains strong despite shifting market conditions.
How does this fit into South Arkansas' minerals boom?
It ties to initiatives like McDonald accelerator cohort, El Dorado's LANXESS/Westerman/Project Vault, and SOAR Conference in Magnolia. Efforts counter scams like Pilarz amid drought aid.
Chevron's first major domestic lithium play via DLE in Smackover (Union/Columbia); lithium strong: McDonald accelerator cohort (Entegris/POCO, NewGenium, Western Cam), DLE 100k TPA potl, El Do LANXESS/Westerman/Project Vault; ties to Magnolia workshops, Dorcheat/Mission Creek oil, Murphy/Delek jobs amid SBA/USDA drought; South AR minerals boom vs Pilarz scams; Ouachita NF quartz mining.