HOT SPRINGS, Ark. — The Arkansas Department of Energy and Environment, Oil and Gas Commission (Commission), approved an application today in Hot Springs, Ark., establishing a lithium compensation structure for TETRA Technologies, Inc. (TETRA). TETRA’s application concerns lithium production from the Evergreen Brine Production Unit and Evergreen Brine Expansion Unit, which encompasses approximately 7,000 acres in south Arkansas. TETRA’s application requested the Commission approve an additional lithium payment of 2.5% of the lithium carbonate equivalent in addition to a brine fee already established by law.
The Commission’s approval is consistent with prior approvals of SWA’s and Saltwerx, LLC’s applications for the Reynolds Brine and the Pine Brine Production Unit.
“This third approval proves that the Commission is committed to fairness and consistency for lithium production in new areas of the state,” said Commission Chairman Jerry Langley.
“This is another step to position Arkansas as a world leader in lithium production,” said Secretary Shane Khoury. “Arkansas’ lithium regulatory structure provides clear and competitive compensation rates and encourages an extraction methodology that minimizes surface impact to the Natural State.”
CONTACT:
Melony Martinez, Chief of Communications
501.682.0889 (office)
501.837.2093 (mobile)
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