U.S. Oil Giants’ Billion-Dollar Lithium Investment Set to Transform Arkansas’s Smackover Formation

By the Arkansas Delta Informer Staff

Lewisville, Ark. – Feb. 22, 2026– After announcing strategic deals to secure strong leasehold positions in the Smackover Formation in south Arkansas, the nation’s largest oil and gas conglomerates are planning to spend potentially billions of dollars to exploit lithium resources in the region in 2026.

In just a few months, Columbia and Lafayette are set to become the heart of the American energy shift as ExxonMobil and Chevron start early-stage development of their respective lithium projects this summer, based on the company’s recently announced capital spending plans and securities filings…

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