Friday, 26 February, 2021, 4:12 PM
latest COVID: Bangladesh reports 11 deaths, 470 cases in a day      
Home Business

Elon Musk's SpaceX plans natural-gas drilling in Texas

Published : Sunday, 24 January, 2021 at 5:04 PM  Count : 172

Elon Musk's SpaceX plans natural-gas drilling in Texas

Elon Musk's SpaceX plans natural-gas drilling in Texas

Elon Musk's Space Exploration Technologies Corp., or SpaceX, has plans to drill for natural gas in Texas, Bloomberg reported Friday, citing a hearing before the state's energy regulator.

The drilling will be done privately held near the Airspace company's launchpad and through a SpaceX subsidiary of Lone Star Mineral Development.

Bloomberg says it has not yet begun due to a dispute with the Dallas Petroleum Group, which claims ownership of some dormant wells on the same land. Earlier this week, electric car maker Tesla Inc. TSLA, + 0.20% CEO Kasturi tweeted that he would donate $100 million for the "best" carbon-capture technology.

Musk announced last year that he had moved to Texas, where Tesla was building a factory outside the capital, Austin. SpaceX also recently bought two oil rigs through the Lone Star Development Unit, possibly converting them to support SpaceX's programs, this week's news report said.


Related Topics

Gas   Trade   Debt  

« PreviousNext »

Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone: PABX 9586651-58; Online: 9513959; Advertisement: 9513663
E-mail: [email protected], [email protected], [email protected], [email protected],   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft