Oil, Gas, Lithium Report: Saltwerx receives permits for three lithium wells in Columbia, Lafayette counties

magnoliareporter.com

Saltwerx LLC of The Spring, TX, has been issued permits to drill three wildcat wells in Columbia and Lafayette counties for possible lithium production.

According to published reports, ExxonMobil plans to build a large lithium processing facility in the Columbia-Lafayette County area, but it has not acquired property for that purpose and it hasn’t formally announced any construction plans.

Reports also said that in May, ExxonMobil paid Galvanic Energy of Moore, OK, about $100 million for mineral leases to 120,000 acres of land that Saltwerx spent years acquiring for Galvanic.

Saltwerx has been acquired by ExxonMobil.

Saltwerx is listed as the operator for all three of the wells, but no contractor has been named.

The Suzy No. 1 is located 1,736 feet FSL and 2,039 feet FEL in Section 33-17S-21W in Columbia County. Permitted depth is to 9,640 feet. The location is east of County Road 15 near the intersection of County Road 203 in the Philadelphia community. Work began Saturday.

The Gerald No. 1 is located 331 feet FNL and 677 feet FWL in Section 29-18S-22W in Columbia County. Permitted depth is to 10,554 feet. The location is south of U.S. 371 along Columbia County Road 1 in the Sharman community north of Taylor. Work will start November 8.

The Lili No. 1 is located 2,318 feet FSL and 1,609 feet FEL in Section 1-18S-24W in Lafayette County. Permitted depth is to 10,048 feet. The location is along Homan Road west of Arkansas 53 in eastern Lafayette County. Work will start December 14.

One traditional permit for an oil well was also issued by the Arkansas Oil and Gas Commission.

The Helms et al No. 1 is located 1,784 feet FSL and 1,679 feet FEL in Section 34-18S-15W in a wildcat field in Union County. Permitted depth is to 7,800 feet. Work began September 15.

Jerry Langley Oil Company has completed the Equus Alliance Neeley No. 1-36 in Section 36-12S-18W in a wildcat field in Ouachita County. Total depth was to 3,192 feet. Work was finished September 18. No production was reported.