Date Published:
March 17, 2026
Listen on:
TLD 059 - Lithium, Data Centers, and the New Land Frontier with Reagan Marble
Guests
Reagan Marble
The energy and infrastructure landscape is shifting faster than most land professionals can track. Lithium prices crashed 85% in two years, yet leasing activity stayed strong. The Smackover Formation emerged as a world-class brine source. Data centers from the East Coast are flooding into Texas, unfamiliar with mineral estates and the landmen who navigate them. Regulatory frameworks are still catching up, leaving operators navigating unprecedented territory.
Reagan Marble, partner at Jackson Walker and a go-to counsel for lithium transactions, joins Brent and Khalil to break down what's actually happening in the market, where the real challenges sit, and what the next wave of land work looks like for professionals willing to adapt.
Key Timestamps
01:01 - Reagan Marble is Back!
04:19 - Lithium Market Update
10:07 - Regulatory And Permitting Hurdles
18:18 - Consolidation And Lease Cleanup
23:28 - Potash And Bromine Upside
28:16 - Permian Produced Water Lithium
30:52 - Dual Resource Oil And Lithium
32:17 - Landman Skills Evolving Fast
35:46 - Data Centers Enter The Chat
38:30 - Minerals Water And Site Due Diligence
44:11 - Power Crunch And Regulatory Battles
53:17 - Five Year Outlook And Wrap Up
Memorable Quotes
"As an oil and gas lawyer and as a landman, we are in the people business and that part of the business will never be replaced, ever." — Reagan
"Half of our business at Dudley Land Company didn't exist 10 years ago." — Brent
"The next five years in lithium development is gonna make the first five or six years since 2020 look like we were moving at a snail's pace." — Reagan
"The regulatory framework is gonna be pretty tough. Someone's gonna have to be the first one to go permit it and, good luck to whoever it is. Hopefully it's not me." — Reagan
Key Takeaways
- Lithium market has shifted from land grab to consolidation. Prices compressed, but strong leasing activity persists. Operators who signed deals at peak bonus levels now face renegotiation pressure.
- Smackover Formation is world-class brine. Lithium concentrations near 800 mg/L compete with South America's best deposits and justify the Texas land rush.
- Brine production permitting is the next frontier. The Railroad Commission published rules, but no one has successfully permitted a brine production well yet. Primacy over Class 5 disposal wells remains with EPA, creating a regulatory chicken-and-egg problem.
- Data centers are the new oil and gas. East Coast PE and family offices are competing for Texas land and water, largely unfamiliar with mineral rights and the professionals who manage them. Water procurement and power availability are the real constraints.
- Landman skillset is expanding rapidly. Modern land professionals now work across oil and gas, renewables, lithium, CCS, and data centers. Human relationships remain irreplaceable by technology.
About Our Guest
Reagan Marble is a partner at Jackson Walker in Fort Worth and a leading voice in energy transactions across oil and gas, lithium, and emerging infrastructure. His practice spans deal structuring, regulatory strategy, and the convergence of traditional energy and new resource development in Texas.
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Resources
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More From Our Guests
- Reagan Marble, Partner at Jackson Walker LLP
- Connect with Reagan on LinkedIn
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