Strategic Petroleum Reserve. Quarterly report, January 1, 1985-March 31, 1985

Technical Report · Wed May 15 04:00:00 EDT 1985

OSTI ID:5682324

This quarterly report describes activities undertaken with respect to the development of the Reserve during the period January 1, 1985, through March 31, 1985. The introduction and summary briefly discuss program background and major activities of this quarter. Section II describes site development. Oil acquisition activities are reported in Section III. Other program topics are discussed in Section IV and information on the budget and cost of the Reserve is contained in Section V. The Strategic Petroleum Reserve underground storage facilities are being developed in three phases. Phase I, completed in 1980, consisted of the development of approximately 260 million barrels of storage capacity at five sites and construction of the St. James Marine Terminal. Phase II consists of storage capacity expansions at three Phase I sites by a total of 290 million barrels; cavern development is approximately 85% complete and oil fill is approximately 70% complete. Phase III development consists of the construction of a new 140-million barrel storage site at Big Hill, Texas, and the further expansion of three existing SPR storage sites by a total of 60 million barrels. Phase III development activities are in progress at all four Phase III storage sites. The total inventory of oil stored in the Strategic Petroleum Reserve reached 461,616,879 barrels during the quarter ending March 31, 1985. The average fill rate during the quarter was 123,460 barrels per day and the weighted average delivered price of crude oil during this quarter was $28.67 per barrel. The projected fill rate for the calendar quarter April 1, 1985 to June 30, 1985, is approximately 174,000 barrels per day. The Administration has proposed an indefinite moratorium on Strategic Petroleum Reserve oil fill and storage at the end of fiscal year 1985.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Strategic Petroleum Reserve
• OSTI ID: 5682324
• Report Number(s): DOE/FE-0037/5; ON: DE85012047
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ATLANTIC OCEAN
BUDGETS
CAPACITY
CARIBBEAN SEA
CAVITIES
CONSTRUCTION
DATA
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
GULF OF MEXICO
INFORMATION
INVENTORIES
LOUISIANA
MANAGEMENT
NATIONAL ORGANIZATIONS
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
PROGRAM MANAGEMENT
RESERVES
RESOURCES
SALT CAVERNS
SEAS
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
SURFACE WATERS
TEXAS
UNDERGROUND STORAGE
US DOE
US ORGANIZATIONS
USA