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Chevron Acquires 125,000 Acres to Boost Lithium Production

6/18/2025

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Summary

Story summary

Chevron USA Inc. is making waves in the U.S. lithium market by acquiring around 125,000 acres in the Smackover Formation, spanning northeast Texas and southwest Arkansas. Partnering with TerraVolta Resources and East Texas Natural Resources, this strategic move aims to harness direct lithium extraction technology, bolstering domestic energy manufacturing and securing vital mineral supplies for the nation.

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Story summary

Chevron USA Inc. is making waves in the U.S. lithium market by acquiring around 125,000 acres in the Smackover Formation, spanning northeast Texas and southwest Arkansas. Partnering with TerraVolta Resources and East Texas Natural Resources, this strategic move aims to harness direct lithium extraction technology, bolstering domestic energy manufacturing and securing vital mineral supplies for the nation.