Happy Wednesday!
At this point,
you know how we enjoy writing follow-ups or updates for our Blog! We wrote about the Strategic Petroleum Reserve (SPR) several
times last year for having either purchased or returned to them crude oil to
fill this American asset. According to
their website as of March 28, 2025, they have 396.4 million barrels of oil in
this crucial asset. Well, the U.S. DOE Petroleum Reserve’s Office was fairly quiet at this year nonetheless today
they announced something!
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on October 21, 2025, their update included, “The U.S. Department
of Energy today announced a new solicitation to acquire one million barrels of
oil for delivery to the Strategic Petroleum Reserve’s Bryan Mound site”? In the DOE’s updates, the Office of Strategic
Petroleum Reserve (SPR) has announced they are looking to buy one million barrels of sour crude oil for the SPR in Bryan Mound. The SPR has $171 million to continue replenishing
its facilities and the money is appropriated from the Working Families Tax Cut. The SPR’s sites are capable of
containing 700 million barrels and the previous administration has been able to
line up approximately 400 million barrels to date. The current proposal request is for a December
2025 or January 2026 delivery all bids must be submitted by October 28, 2025,
please see announcement for deadline time.
We will keep you posted on anything else we hear from the SPR. If you would like to read more of the
announcement from the DOE’s Office of Strategic Petroleum Reserves,
please click the link: Energy Department Issues Solicitation to Purchase Crude Oil for the Strategic Petroleum Reserve | Department of Energy.
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 website!
We hope you have a wonderful evening!
**Disclaimer: Please see the update from CESER for
specifics. **