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Re: le-bon ton-roule post# 7447

Wednesday, 11/27/2024 6:50:46 AM

Wednesday, November 27, 2024 6:50:46 AM

Post# of 10094
Looks like Burba will be in Arkansas with Oxy???
https://www.linkedin.com/posts/michael-mckibben-1012b69_oxy-enters-arkansas-lithium-rush-activity-7267249259203223553-FLuf?utm_source=share&utm_medium=member_desktop

Oxy Enters Arkansas Lithium Rush

(Energyintel.com) Occidental Petroleum has become the latest oil and gas player to stake out acreage in the emerging lithium play in the US state of Arkansas, joining rivals such as Exxon Mobil and Equinor in the pursuit of extracting the valuable battery metal from brines.

“All we’ve done is get some leases right now,” Oxy CEO Vicki Hollub told Energy Intelligence on the sidelines of the Energy Intelligence Forum in London.

The leases mark an expansion of Oxy’s current lithium efforts, which have been focused around the Salton Sea area of California, where the company's TerraLithium subsidiary is partnered with Berkshire Hathaway Energy.

The pair are looking to extract lithium from brines produced by Berkshire’s geothermal energy production. Oxy and Berkshire are due to begin construction of the first direct lithium extraction (DLE) pilot plant this year. If that is successful, the partners have discussed expanding operations in the region.

Oxy has a 100% interest in its leases in Arkansas, Hollub said, although Berkshire Energy has an option under its existing collaboration with Oxy to partner on future developments in the state if the pair were to choose to move ahead.


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