Energy Department Closes $480 Million Loan to Expand Gulf Oil Production

Nov 11, 2026 · 3:26 PM UTC · 0 reactions · 0 comments · 8 views

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We're about to get a major energy boost in the United States, despite the best efforts of Democrats to stop it. An oil and natural gas operation in the Gulf of America will be receiving a production upgrade, thanks to a Department of Energy loan, closed on Tuesday. The Department of Energy has announced the $480 million loan for Arena Energy's Project Elkhorn, meant to upgrade and expand oil and gas production in the gulf. The upgrades are expected to add 125 million barrels of oil and 250 billi

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Canonical URL	https://redstate.com/wardclark/2026/11/11/energy-department-closes-480-million-loan-to-expand-gulf-oil-production-n2209276
Publication time	Wed, 11 Nov 2026 10:26:27 -0500
Retrieval time	2026-11-11T15:53:16.483Z
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