LITTLE ROCK, Ark. — Governor Sarah Huckabee Sanders announced that ExxonMobil will drill its first lithium well in Arkansas, making an early investment in what could be one of the largest supplies of lithium in North America.
The site will be built in the southern part of the state at the Smackover formation, which is a geologic formation consisting of oolitic limestones and silty limestones that preserve fossils dating back to the Jurassic period.
“South Arkansas is our state’s all-around energy capital, producing oil, natural gas, and now, thanks to investments like ExxonMobil’s and their combination of skills and scale, lithium,” Sanders said. “My administration supports an all-of-the-above energy strategy that guarantees good, high-paying jobs for Arkansans - and we’ll continue to cut taxes and slash red tape to make that happen.”
Southwest Arkansas has a history as an oil and natural gas producer, and ExxonMobil will be working alongside state officials to build up the state's emerging lithium industry.
Exxon said it expects by 2030 to supply the manufacturing needs for over 1 million electric vehicles and the first production is targeted for 2027.
“When we utilize what’s under our own two feet, we can create jobs, expand our economy, and make life more affordable for Arkansans. ExxonMobil’s lithium well will enhance the Natural State’s role in achieving American-led energy innovation and help curb inflation caused by high energy prices,” said Representative Steve Womack (AR-03).
Arkansas leaders gathered today to commemorate the company’s development of the Natural State’s lithium sector.
“Southwest Arkansas has the capabilities to be a leader on the global stage for lithium production. Investments like ExxonMobil’s will position the Natural State to play an active role in easing our dependence on our foreign adversaries for this mineral, which plays a major role in much of our daily lives. This announcement has the opportunity to bolster our state’s lithium sector, ushering in new jobs for Arkansans and a broad economic impact on the 4th District,” said Representative Bruce Westerman (AR-04).