Core Insights - Halliburton Company (HAL) has secured a significant contract to support GeoFrame Energy's lithium extraction and geothermal project in East Texas, with operations set to begin in late 2025 [1][10] - The project aims to produce approximately 83,500 metric tons of battery-grade lithium carbonate annually, which is expected to meet the current U.S. demand entirely [1][10] - This initiative is anticipated to enhance domestic lithium production and decrease reliance on foreign supply chains [1] Group 1: Project Details - Halliburton will lead the drilling phase by designing, constructing, and operating the demonstration wells, playing a central role in scaling the project to full field development [2][10] - GeoFrame's project is designed to be the first in the U.S. to deliver battery-grade lithium carbonate from the Smackover Formation, focusing on sustainable mining practices [3] - The facility will utilize geothermal brine to generate zero-emission electricity, which will power the lithium production process and allow surplus energy to be sold to the grid [3] Group 2: Halliburton's Position - Halliburton's extensive experience in well construction and its strong commitment to innovative energy solutions position the company uniquely to advance GeoFrame's vision [4] - The recent contract highlights the growing convergence between energy services and advanced technology solutions, enhancing Halliburton's growth initiatives [5] - Securing new contracts is expected to create a positive financial outlook for Halliburton and its stakeholders [5]