Chevron Enters Domestic Lithium Sector to Support U.S. Energy Security

Source: www.gulfoilandgas.com 6/17/2025, Location: North America

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced the acquisition of two leasehold acreage positions. The first from TerraVolta Resources, whose investor is an affiliate of The Energy & Minerals Group (EMG), and the second from East Texas Natural Resources (ETNR) LLC.

The estimated leasehold position includes ~125,000 net acres and is situated across regions where the Smackover Formation is present, specifically spanning Northeast Texas and Southwest Arkansas. This formation is of particular interest due to its notably high lithium content and marks Chevron’s first step toward establishing a commercial-scale, domestic lithium business.

Future development will aim to utilize the direct lithium extraction (DLE) process, a set of advanced technologies employed to extract lithium from brines produced from the subsurface. Chevron seeks to deploy this emerging technology, which allows for faster and more efficient production and is expected to have a smaller environmental footprint compared to traditional extraction methods.

“This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies,” said Jeff Gustavson, president of Chevron New Energies. “Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron’s strengths including subsurface resource development and value chain integration.”

Lithium is a key component supporting the trend toward electrification and can contribute to building a resilient, lower carbon energy system that meets growing energy demand, while balancing reliability and affordability.


Canada >>  7/11/2025 - Stone Mountain Technologies, Inc., a leader in high-efficiency HVAC innovation, is pleased to announce a new partnership with Canadian Aqualine Sales—...
Denmark >>  7/11/2025 - DOF Denmark A/S, a subsidiary of DOF Group ASA, has signed agreements to sell the Skandi Tender (AHTS built in 2009) and Skandi Trader (AHTS built in ...

Portugal >>  7/11/2025 - Eimskip has reached an agreement to sell the vessel Lagarfoss. Lagarfoss was built in 2014 in China and was specifically designed for Eimskip’s shippi...
Trinidad and Tobago >>  7/11/2025 - The Government of the Republic of Trinidad and Tobago welcomes the completion of Perenco’s acquisition of the Greater Angostura producing oil and gas ...

United States >>  7/11/2025 - Key Polymer Holdings, LLC ("Key Polymer"), a portfolio company of DalFort Capital Partners ("DFCP"), is pleased to announce the successful divestiture...
United States >>  7/11/2025 - Rising Phoenix Capital, a boutique investment firm specializing in oil and gas mineral royalty acquisitions, announced a new strategic acquisition in ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.