Happy Monday! We hope you had a relaxing weekend and were able to stay out of the rain on Saturday. 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 third round for Requests for Proposals, which closed April 13, 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 17, 2026, their announcement, “Energy
Department Awards New Contracts from Strategic Petroleum Reserve, Advancing Emergency
Exchange”? In the announcement, it goes
on to speak on how the U.S. Department of Energy (DOE) recently (April 17th)
published they have awarded nine companies exchanges in their third round of Request
for Proposals (RFP) from the Emergency Exchange Program for more than 26 million
barrels of crude oil from its West Hackberry SPR. The Strategic Petroleum Reserve (SPR) accepted RFP’s which closed on April 13th,
2026, and the lucky awardees have until 2027 to return the barrels with
additional oil, and they may have quick delivery. The DOE has in the last two RFPs set up exchanges
for a total of 26 million barrels of oil from their Bayou Choctaw, Bryan Mound
and West Hackberry SPRs. Some of the current awardees
are as follows: BP Products North America (1 million barrels), Energy Transfer
Crude Marketing (1.1 million barrels), ExxonMobil Oil Corporation (3 million
barrels), Vitol (3.5 million barrels) as well as other companies totaling over
26 million barrels. 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 New Contracts from Strategic Petroleum Reserve, Advancing 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. **