article thumbnail

ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 This acquisition strengthens ExxonMobil’s significant presence in the dominant U.S.

article thumbnail

Tesla outlines scheme for $4-5B battery Gigafactory; announces $1.6B offering

Green Car Congress

In October 2013, Panasonic and Tesla had already expanded their 2011 supply agreement so that Panasonic will supply nearly 2 billion automotive-grade lithium-ion battery cells to Tesla through 31 December 2017 at long-term preferential prices. Finalists for the Gigafactory location are Nevada, Arizona, New Mexico and Texas.

Batteries 299
article thumbnail

2023 was a tremendous year for both EVs and Plug In America!

Plug in America

New Mexico adopted the Advanced Clean Cars II standard (ACC II). ACC II will increase the number of zero-emission vehicles sold in New Mexico and provide greater consumer choice of EVs. Starting on January 1, the new and used EV tax credit will essentially convert into a point-of-sale rebate.

Plug-in 52
article thumbnail

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

Green Car Congress

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. This represents a 25% premium to XTO stockholders.

Oil 186
article thumbnail

Auto Lobby Wants Input on Government EV Policy Before Changes Are Made

The Truth About Cars

If you’re curious why there are so many mysteriously sized vehicles carrying ludicrously high price tags these days, it’s a combination of bad regulations and old-fashioned corporate greed. But they're also happening in states that haven't followed California's decision to phase out new-vehicle emissions over the next decade.

Auto 59
article thumbnail

DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

Green Car Congress

The project will be implemented by a unique Texas not-for-profit corporation created to research, develop and implement smart grid clean energy systems. NSTAR Electric & Gas Corporation (MA). New York State Electric & Gas Corporation. Beacon Power Corporation (MA). Primus Power Corporation (CA).

article thumbnail

National Drive Electric Week extends EV access

Electric Auto Association

With gas prices going up and the cost of electric cars coming down, there are real economic benefits to driving electric,” said April Bolduc, EAA President. A ribbon-cutting in Taos, New Mexico featured the CEO of the local electric cooperative as well as a county commissioner and a town councilor.