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A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Efforts are being made to keep oil away from Lake Conway. Route of the Pegasus pipeline. Source: ExxonMobil. Click to enlarge.
million for the creation of two new Biomass Crop Assistance Program ( BCAP ) project areas in New York and North Carolina, and the expansion of an already established BCAP project area in Arkansas. This Arkansas BCAP project area is sponsored by MFA Oil Biomass LLC, in Columbia, Mo.
Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.
Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group have formed Alta Energy Partners which will invest up to $1 billion to acquire and develop unconventional oil and gas assets in North America. Founded in 1999 by Joseph G.
United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.
will construct the Diamond Pipeline, a 440-mile (708 km), 20-inch crude oil pipeline that will provide capacity of up to 200,000 barrels per day of domestic sweet crude from the Plains Cushing, Okla. terminal to the Valero Memphis Refinery, and the ability to access Valero Energy Partner’s Collierville pipeline.
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Pushing demand up is the trend for wider, shorter fracs , which require twice as much sand.
In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). Data source: US Energy Information Administration, federal and state motor fuels taxes table. These Superfund taxes include a $0.09
The Office of Fossil Energy’s National Energy Technology Laboratory (NETL) has selected nine new projects targeting environmental tools and technology for shale gas and coalbed methane (CBM) production. University of Arkansas, Fayetteville, Ark. DOE share: $609,619; recipient share: $390,381; duration 32 months).
The US Department of Agriculture (USDA) has established four additional Biomass Crop Assistance Program ( BCAP ) project areas to promote the cultivation of crops that can be processed into renewable energy. A project area must have specific boundaries that are approved by the Secretary of Agriculture.
American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Extra-high voltage transmission is necessary to transport renewable energy from where it is most viable to the nation’s population centers. Boone Pickens. AEP’s headquarters are in Columbus, Ohio.
The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.
The enterprise, called ChAP—the Chesapeake Algae Project—is an integrated research approach to algae-based energy production and environmental remediation. StatoilHydro has seeded the enterprise with an initial $3 million investment.
The Houston Advanced Research Center ( HARC ) and the Harold Vance Department of Petroleum Engineering at Texas A&M University are establishing a collaborative research program to promote advanced technology for low-impact oil and gas drilling. University of Arkansas. Sam Houston State University. West Virginia University.
Source: NAS, adapted from Southwestern Energy Click to enlarge. In the past several years induced seismic events related to energy development projects have drawn heightened public attention. —“Induced Seismicity Potential in Energy Technologies”.
Researchers at the US Geological Survey (USGS) say they have located high concentrations of lithium brine in the Smackover Formation in southern Arkansas. million metric tons) of lithium in Smackover Formation brine in southern Arkansas. to 19 million tons (4.63
The US Department of Energy (DOE) will award more than $45 million to 38 new projects that accelerate the research and development of advanced vehicle technologies. This project will develop a new high energy electrochemical couple for automotive applications that meets or exceeds energy requirements for electric drive vehicles.
Image: Ford EV battery maker SK On has signed a non-binding agreement to buy lithium from ExxonMobil’s first planned extraction project in Arkansas. The Arkansas project will extract lithium from underground saltwater deposits and convert it into battery-grade material onsite. Get started here.
He is currently helping explore new computing frontiers in supersonic and hypersonic flight, geothermal energy exploration, and molten salt reactors. Department of Energy , and private-sector customers. He attended the University of Arkansas in Fayetteville for both his undergraduate and graduate degrees.
Muskogee also has a skilled workforce trained in oil and gas engineering. It will use Port Muskogee on the McClellan-Kerr Arkansas River Navigation System to ship lithium brine water to the refinery, where it will derive the lithium, and then use the same inland waterway system to ship battery-grade lithium out. Get started here. –ad*
Muskogee also has a skilled workforce trained in oil and gas engineering. It will use Port Muskogee on the McClellan-Kerr Arkansas River Navigation System to ship lithium brine water to the refinery, where it will derive the lithium, and then use the same inland waterway system to ship battery-grade lithium out. Get started here.
Burton Current Profession: Managing Agent/Owner of AMB Renewable Energy Inc. I would like to provide EV charging and renewable energy information to underserved areas What is your most effective contribution toward the adoption of EVs? End results of a finish product or service Arthur’s Candidate Statement: AMB Renewable Energy INC.
battery production Lithium mining was extensive in North Carolina until the 1980s A lithium deposit located in southwestern Arkansas could hold enough of the metal to satisfy global EV battery demand nine times over, according to a U.S. The post Arkansas might be sitting on 19 million tons of lithium appeared first on Bauaelectric EV News.
REGULATORY RISKS In Oklahoma, which has several brine deposits, the Oklahoma Corporation Commission – which oversees oil and gas development – said it has no jurisdiction over lithium production and royalties, and referred comment to the state’s Department of Mines, which said it also does not oversee lithium. .
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