With Two Acquisitions, Chevron Joins the March to Lithium

June 19, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (Houston, Texas) has joined the list of oil and gas companies looking to use their drilling expertise to access the lithium resources in the extensive Smackover Formation, which spans northeast Texas and southeastern Arkansas. Chevron U.S.A. Incorporated, a subsidiary of Chevron, acquired 125,000 acres of leasehold positions from TerraVolta Resources (Houston, Texas) (100,000 acres) and East Texas Natural Resources (25,000 acres).