DOE to ship 20,000 b/d of Elk Hills oil to SPR

Journal Article · Mon May 11 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5121229

This paper reports that the U.S. department of Energy has decided to ship 20,000 b/d of its Elk Hills field production in California to the Strategic Petroleum Reserve on the Gulf Coast. DOE says prices are too low to sell the high quality Elk Hills Stevens zone oil on the California market. It had warned local buyers it might divert the oil to the Gulf Coast. It says shipping the Elk Hills crude to the SPR site at Big Hill, Tex., will save $2/bbl under the price of comparable crude delivered there for storage in the SPR. Pipeline shipments are to begin June 1 and continue for 4 months, totaling about 2.4 million bbl. DOE may or may not continue the shipments, depending on results of the semiannual Elk Hills crude oil sale in September. Reductions in the existing 12 sales contracts will be prorated among buyers. The 20,000 b/d volume is the most that can be shipped from the West Coast to the Gulf Coast through available pipelines.

• OSTI ID: 5121229
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:19; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
022000 -- Petroleum-- Transport
Handling
& Storage
CALIFORNIA
DEVELOPED COUNTRIES
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INDUSTRY
MARKET
MINERAL RESOURCES
NATIONAL ORGANIZATIONS
NORTH AMERICA
OIL FIELDS
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PIPELINES
PRICES
RESOURCES
TRANSPORT
US DOE
US GULF COAST
US ORGANIZATIONS
US WEST COAST
USA