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Resource report concludes Galvanic’s lithium prospect among most prolific in North America

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A recently completed resource report has validated Galvanic Energy’s Smackover prospect as one of the largest lithium brine resources in North America, with sufficient lithium to produce enough batteries for 50 million electric vehicles. An independent evaluation and technical report authored by APEX Geoscience Ltd.

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Louisiana, Oklahoma, and Arkansas partner for regional hydrogen hub to compete for IIJA funding

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The US states of Louisiana, Oklahoma, and Arkansas have entered into a bipartisan three-state partnership to establish a regional hub for development, production, and use of clean hydrogen as fuel and manufacturing feedstock.

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GE, Devon sign new technology collaboration agreement to drive unconventional resources innovations

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The new agreement was announced at the groundbreaking ceremony for GE’s new Oil & Gas Technology Center in Oklahoma City. Water treatment and processing to reduce water use and better utilize water resources for unconventional oil and natural gas development.

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GE to invest $110M in new Oil & Gas Global Research Center in Oklahoma

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General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime.

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

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Energy demand rose from the 2020 lows that resulted from the COVID-19 pandemic, pushing up prices and making more US resources economically viable. The 12-month, first-of-the-month average spot price for West Texas Intermediate (WTI) crude oil at Cushing, Oklahoma increased by 67% from $39.66 per barrel in 2020 to $66.26

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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: $1,499,999. DOE Funding: $1,483,787.

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CVR Energy selects Haldor Topsoe’s HydroFlex technology for revamp of Wynnewood refinery to renewable diesel, naphtha production

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CVR Energy will base a revamp of its Wynnewood, Oklahoma, refinery on Haldor Topsoe’s HydroFlex technology to produce approximately 100 million gallons of renewable diesel and more than 6 million gallons of renewable naphtha per year. Coffeyville Resources Refining & Marketing then sells and distributes the products.

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