Happy Tuesday!
At this point,
you know how we enjoy writing follow-ups for our Blog! We wrote about the Strategic Petroleum Reserve (SPR) having
purchased or have had returned to them more than 43 million barrels of oil, and
they have lined up purchasing agreements for another approximately 9 million
barrels to be delivered this fall to Big Hill SPR in Texas and lined up 4.65 million
barrels for Bayou Choctaw for delivery by the end of the year.
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on August 6, 2024, their update included, “Two New
Solicitations for 3.5 Million Barrels Will be Release This Month, Continuing
the Biden-Harris Administration’s Commitment to Replenish Reserve at a Good
Deal for American Taxpayers, Maintain the SPR’s Operational Readiness, and
Protect the Nation’s Energy Security”? In
the DOE’s updates, the Office of Petroleum Reserves has announced another two rounds
of solicitations for a total 3.5 million barrels of crude for their reserves at
Bayou Choctaw in Louisiana and Bryan Mound in Texas to be delivered January
2025. The first solicitation which went
out today, August 6, 2024, is for 1.5 million barrels of sour crude to be delivered
to their reserves at Bayou Choctaw and deadline for the bids is August 13, 2024. The second solicitation will be for Bryan Mound
which is expected to go live around August 12, 2024; they will be requesting
bids for 2.0 million barrels of oil and the deadline for bids is August 20,
2024. Bryan Mound which is located in
Texas has been in the process of being upgraded and repaired, so the January
date is for them to conclude its construction and readiness. If you would like to read more of the
announcement from the DOE’s Office of Petroleum Reserves, please click the
link: U.S. Department of Energy Announces New Solicitations to Purchase Oil for Strategic Petroleum Reserve | Department of Energy.
If you would
like details on the requests for bids for Choctaw Bayou, please click the link:
Strategic Petroleum Reserve - United States Department of Energy (azurefd.us).
If we see the
second request go live for Bryan Mound, we will post it here!
If you would
like help in looking into how to transport your liquid petroleum product efficiently,
safely, and with less of a carbon footprint or just find out what is underneath
your feet to help with your emission reduction goals, contact us via email in
the blog and check out our ESC's website!
We hope you have a wonderful evening!
**Disclaimer: Please see the update from CESER for
specifics to the solicitations. **