Happy Monday! We hope you had a wonderful holiday weekend! Let’s get started.
You know we like to be informed
on the happenings of the U.S. Department of Energy’s SPR sites. In recent months, the SPR has been delivering
crude to various groups who won various solicitations. Well, we have a tidbit on something else for
this important middle aged American asset. Let’s get started.
Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update Newsletter on
July 6, 2026, their article titled, “GAO warns of aging US SPR, urgent need for
long-term planning”? In the article, it speaks
on how the U.S. Strategic Petroleum Reserve (SPR) needs a long-term plan and maintenance
according to U.S. Government Accountability Office (GAO) and Congress needs to
act now. The GAO acknowledges the Department of Energy
(DOE) has done some life extension maintenance on a couple of the facilities in
Texas and Louisiana nonetheless more needs to be done, if we are to expect a
long-term life of the aging storage facilities.
The Life Extension Phase 2 (LS2) was part of the modernization Congress approved
back in 2016, nonetheless more needs to be done. Currently, the GAO encourages Congress to
prioritize modernization and maintenance of the SPR to help it fulfill its
duties for storing energy for the future as well as use the oil sales to help
fund the projects. We hope Congress hears their request and gets
working on a plan. We will let you know,
if we hear anything else on the SPR! If
you would like to read more of the Oil & Gas Journal’s article, please
click the link: Aging
US SPR ‘at risk’ of failing mission without updates, improvements: GAO | Oil
& Gas Journal.
Don’t forget
to check out our ESC website or
contact us via the email in the Blog, if you have a hydrocarbon liquids
project you would like to see get off the ground or you would like to see
what’s under your feet to help with your emissions!
We hope you have a wonderful evening and a productive week! Keep cool!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article and report. **