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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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San Juan River-Raton-Black Mesa Basin (Arizona, Colorado and New Mexico): New Mexico Institute of Mining and Technology plans to determine the rare earth elements and critical minerals resource potential in coal and related stratigraphic units in the San Juan and Raton basins in New Mexico. DOE Funding: $1,499,997. DOE Funding: $1,499,987.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. in an all-stock transaction valued at $41 billion.

Oil 186
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DOE NETL selects 12 fossil-fuel power systems projects for funding

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Siemens Corporation. DOE: $750,000 Non-DOE: $187,500 Total: $937,500 (20% cost share). EPRI) will team with Babcock and Wilcox Company and Wyman-Gordon to qualify improved high-performance structural materials for use in current power plants to improve flexibility. Cost: DOE: $749,058 Non-DOE: $187,264 Total: $936,322 (20% cost share).

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