Happy Wednesday!
You know we like to keep up with
the happenings at the Department of Energy’s SPR. Let’s dig in.
Did anyone
happen to read the U.S. Department of Energy’s Hydrocarbon and Geothermal
Energy Office Release on April 1, 2026, their announcement, “Energy
Department Initiates Additional Strategic Petroleum Reserve Emergency Exchange
to Stabilize Global Oil Supply”? In the
announcement, it goes on to speak on how the U.S. Department of Energy (DOE)
recently (April 1st) published a notice for Request for Proposal
(RFP) from the Emergency Exchange Program for approximately 10 million barrels
of crude oil from its Bryan Mound SPR. The Strategic Petroleum Reserve (SPR) is accepting Proposals until Monday,
April 6, 2026; see News Release for specifics date and times. The parties whose proposal is accepted has
until 2027 to return the barrels with additional oil. We will keep you posted on anything
interesting we hear out of the DOE and the SPR. If you would like to read more of the Announcement
from the U.S. DOE’s Hydrocarbons and Geothermal Energy Office, please click
the link: Energy Department Initiates Additional Strategic Petroleum Reserve Emergency Exchange to Stabilize Global Oil Supply | Department of Energy.
If you would
like help in looking into how to store your liquid hydrocarbon safely in
underground storage 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 and a productive week.
**Disclaimer: Please see the Immediate Release from
the U.S. DOE for specifics. **