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Exxon Mobil is drilling in Arkansas—for lithium—and expects to produce the crucial EV battery material in 2027
Exxon Mobil on Monday announced it’s drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027. Exxon in early 2023 acquired the rights to 120000 gross acres (48562 gross hectares) of the Smackover formation in southern Arkansas, considered one of the most prolific lithium resources of its type in North America. Exxon said that by 2030 it aims to produce enough lithium to supply the manufacturing needs more than 1 million electric vehicles. “Lithium is essential to...
ExxonMobil to begin lithium extraction in south Arkansas this month
ExxonMobil will drill its first lithium well in south Arkansas beginning this month, the company announced Monday. The announcement is the beginning of a rush to extract the mineral, a critical component in electric vehicle batteries, from the Smackover Formation. Earlier this year, ExxonMobil bought 120,000 acres in South Arkansas to extract brine containing the metal out of one of the largest deposits containing lithium in North America. The company’s first well will be located near Magnolia in Columbia County. Speaking at a news conference at the state Capitol, Gov....
Gov. Sanders announces ExxonMobil to drill first lithium well in Arkansas
Governor Sarah Huckabee Sanders announced that ExxonMobil will drill its first lithium well in the southern part of Arkansas. Example video title will go here for this video LITTLE ROCK, Ark. — Governor Sarah Huckabee Sanders announced that ExxonMobil will drill its first lithium well in Arkansas, making an early investment in what could be one of the largest supplies of lithium in North America. The site will be built in the southern part of the state at the Smackover Formation, which is a geologic formation consisting of oolitic limestones...
Exxon Mobil to Begin Lithium Drilling This Month Near Magnolia
We were unable to send the article. Global energy giant ExxonMobil Corp. said Monday morning that it will begin drilling for lithium this month near Magnolia, a move Gov. Sarah Huckabee Sanders said could turn the page on a new chapter of the state's economy. Sanders and Patrick Howarth, the lithium global business manager for ExxonMobil, announced the company's plans during a news conference at the state Capitol. The company plans to tap in the Smackover Formation, which runs through south Arkansas, for brine from which to extract lithium, which...