Happy Wednesday! We hope you have been able to get your taxes in on time. We were busy finishing ours up and getting them filed. Let’s get started.
You know we like to keep up with
the happenings at the Department of Energy’s SPR, and we have an update
on the second round for Requests for Proposals, which closed April 6, 2026. Let’s dig in.
Did anyone
happen to read the U.S. Department of Energy’s Hydrocarbon and Geothermal
Energy Office Release on April 10, 2026, their announcement, “Energy
Department Awards Contracts for 8.5 Million Barrels from SPR in Second Phase of
Emergency Exchange”? In the announcement,
it goes on to speak on how the U.S. Department of Energy (DOE) recently (April
10th) published they awarded exchanges for their second round of Request
for Proposals (RFP) from the Emergency Exchange Program for approximately 8.5
million barrels of crude oil from its Bryan Mound SPR. The Strategic Petroleum Reserve (SPR) accepted RFP’s which closed on April 6th,
2026, and the lucky awardees have until 2027 to return the barrels with
additional oil, and they may have quick delivery. We unfortunately didn’t find the list of awardees. 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 Awards Contracts for 8.5 Million Barrels from SPR in Second Phase of Emergency Exchange | 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. **