Strategic Petroleum Reserve quarterly report, October 1-December 31, 1984

Technical Report · Fri Feb 15 04:00:00 EST 1985

OSTI ID:6080856

This quarterly report describes activities undertaken with respect to the development of the Reserve during the period October 1, 1984, through December 31, 1984. The introduction and summary briefly discuss SPR 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 SPR 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 Phae I sites by a total of 290 million barrels; cavern development is approximately 83% 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. During the quarter ending December 31, 1984, the total inventory of oil stored in the SPR reached 450,505,483 barrels. The average fill rate during the quarter was 211,267 barrels per day and the weighted average delivered price of crude oil during this quarter was $29.78 per barrel. The projected fill rate for the calendar quarter January 1, 1985 to March 31, 1985, is approximately 166,000 barrels per day. 1 table.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Strategic Petroleum Reserve
• OSTI ID: 6080856
• Report Number(s): DOE/FE-0037/4; ON: DE85008051
• 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
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
GULF OF MEXICO
INVENTORIES
LOUISIANA
MANAGEMENT
NATIONAL ORGANIZATIONS
NORTH AMERICA
PETROLEUM
PROCUREMENT
PROGRAM MANAGEMENT
RESERVES
RESOURCES
SALT CAVERNS
SEAS
STORAGE
STRATEGIC PETROLEUM RESERVE
SURFACE WATERS
TEXAS
UNDERGROUND STORAGE
US DOE
US ORGANIZATIONS
USA