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Halliburton Joins GeoFrame's Lithium and Geothermal Project in Texas
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Key Takeaways
HAL will design and operate demo wells for GeoFrame's lithium project in East Texas.
The project aims to meet full U.S. lithium demand with 83,500 tons of output per year.
Halliburton will play a critical role in the project by providing full field development services.
Halliburton Company (HAL - Free Report) has secured a significant contract to support GeoFrame Energy’s direct lithium extraction and geothermal project in East Texas. The company will plan and design the first demonstration wells in the Smackover Formation, with operations scheduled to begin in late 2025. The project aims to produce around 83,500 metric tons of battery-grade lithium carbonate each year, sufficient to fully meet current U.S. demand. This milestone is expected to strengthen domestic lithium production and reduce dependence on foreign supply chains.
Halliburton will lead the drilling phase by designing, constructing and operating the demonstration wells and play a central role in scaling the project to full field development.
GeoFrame’s Vision Combined With Halliburton’s Expertise
GeoFrame’s East Texas project aims to be the first in the United States to deliver battery-grade lithium carbonate from the Smackover Formation. The facility is designed not just for lithium production, but also as a model for sustainable mining. GeoFrame plans to use geothermal brine to generate zero-emission electricity through binary cycle generators. This renewable power will drive the entire lithium production process, with surplus energy sold to the grid.
Halliburton, on the other side, with over a century of well construction expertise, a solid track record in the Smackover Formation and a strong commitment to innovative energy solutions, is uniquely positioned to advance GeoFrame’s vision.
HAL’s Strengthened Position in Competitive Market
Halliburton’s latest achievement highlights the importance of the growing convergence between energy services companies and advanced technology solutions providing companies. As the company expands growth initiatives through new projects, it sets a precedent for the growing technological edge. Its financial outlook is bolstered by securing new contracts, creating a positive trajectory for the company and stakeholders.
HAL’s Zacks Rank & Key Picks
Houston, TX-based Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. Currently, HAL has a Zacks Rank #5 (Strong Sell).
BKV Corporation is an energy company that produces natural gas from its owned and operated upstream businesses. The Zacks Consensus Estimate for BKV’s 2025 earnings indicates 338.18% year-over-year growth.
Subsea 7 operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Zacks Consensus Estimate for SUBCY’s 2025 earnings indicates 95.52% year-over-year growth.
Houston, TX-based Oceaneering International is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. The Zacks Consensus Estimate for OII’s 2025 earnings indicates 57.02% year-over-year growth.
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Halliburton Joins GeoFrame's Lithium and Geothermal Project in Texas
Key Takeaways
Halliburton Company (HAL - Free Report) has secured a significant contract to support GeoFrame Energy’s direct lithium extraction and geothermal project in East Texas. The company will plan and design the first demonstration wells in the Smackover Formation, with operations scheduled to begin in late 2025. The project aims to produce around 83,500 metric tons of battery-grade lithium carbonate each year, sufficient to fully meet current U.S. demand. This milestone is expected to strengthen domestic lithium production and reduce dependence on foreign supply chains.
Halliburton will lead the drilling phase by designing, constructing and operating the demonstration wells and play a central role in scaling the project to full field development.
GeoFrame’s Vision Combined With Halliburton’s Expertise
GeoFrame’s East Texas project aims to be the first in the United States to deliver battery-grade lithium carbonate from the Smackover Formation. The facility is designed not just for lithium production, but also as a model for sustainable mining. GeoFrame plans to use geothermal brine to generate zero-emission electricity through binary cycle generators. This renewable power will drive the entire lithium production process, with surplus energy sold to the grid.
Halliburton, on the other side, with over a century of well construction expertise, a solid track record in the Smackover Formation and a strong commitment to innovative energy solutions, is uniquely positioned to advance GeoFrame’s vision.
HAL’s Strengthened Position in Competitive Market
Halliburton’s latest achievement highlights the importance of the growing convergence between energy services companies and advanced technology solutions providing companies. As the company expands growth initiatives through new projects, it sets a precedent for the growing technological edge. Its financial outlook is bolstered by securing new contracts, creating a positive trajectory for the company and stakeholders.
HAL’s Zacks Rank & Key Picks
Houston, TX-based Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. Currently, HAL has a Zacks Rank #5 (Strong Sell).
Investors interested in the energy sector might look at some better-ranked stocks like BKV Corporation (BKV - Free Report) , Subsea 7 S.A. (SUBCY - Free Report) and Oceaneering International, Inc. (OII - Free Report) . While BKV and Subsea 7 currently sport a Zacks Rank #1 (Strong Buy) each, Oceaneering carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BKV Corporation is an energy company that produces natural gas from its owned and operated upstream businesses. The Zacks Consensus Estimate for BKV’s 2025 earnings indicates 338.18% year-over-year growth.
Subsea 7 operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Zacks Consensus Estimate for SUBCY’s 2025 earnings indicates 95.52% year-over-year growth.
Houston, TX-based Oceaneering International is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. The Zacks Consensus Estimate for OII’s 2025 earnings indicates 57.02% year-over-year growth.