Oct. 15 at 12:08 AM
$NGL NGL finally extracting Lithium from all that salt water? Could this be one of the reasons for insider buying and big run ups?
"A saltwater disposal well in Reeves County near the New Mexico line is expected to yield commercial-grade lithium carbonate. LibertyStream Infrastructure Partners has begun preparations at the site for its Lithium Carbonate Refining Unit.
"Through a partnership with a major operator in the Delaware Basin, LibertyStream takes produced water from the saltwater disposal well, “borrows it for 30 minutes to extract the lithium and then returns the water,” according to McClain. The SWD well providing the water for this unit has a capacity of 70,000 barrels per day. McClain said the units can be right-sized for disposal wells with capacity of 100,000 to 250,000 barrels per day."
A little while ago, NGL Energy Partners management said they were looking into this but would not announce it until it was deemed commercially viable.
