Strategic Petroleum Reserve. Quarterly report
This quarterly report describes activities undertaken with respect to the development of the Reserve during the period July 1, 1985, through September 30, 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. During the fourth quarter of fiscal year 1985, the Strategic Petroleum Reserve increased its total storage capacity to 501.1 million barrels, adding 5.9 million barrels at Bryan Mound and 11.5 million barrels at West Hackberry. Cavern development or leaching at Bryan Mound is approximately 94% complete and at West Hackberry approximately 82% complete. At Bayou Choctaw, the Department of Energy is performing final acceptance testing of cavern 17 to complete the cavern exchange agreement with Union Texas Petroleum. Significant progress has been achieved on construction of the new Big Hill (Phase III) storage facility. The total inventory of oil stored in the Strategic Petroleum Reserve reached 489,254,887 barrels during the quarter ending September 30, 1985. The average fill rate during the quarter was 137,865 barrels per day and the weighted average delivered price of crude oil during this quarter was $27.63 per barrel. The projected fill rate for the calendar quarter October 1, 1985, to December 31, 1985, is approximately 50,000 barrels per day. During the quarter, the Strategic Petroleum Reserve developed plans and began preparations for a sale of 1.1 million barrels of crude oil to test the drawdown and distribution capabilities of the Reserve. This test sale is required pursuant to Section 103 of the Energy Policy and Conservation Amendments Act of 1985. 1 tab.
- Research Organization:
- USDOE Assistant Secretary for Fossil Energy, Washington, DC. Strategic Petroleum Reserve Program Office
- OSTI ID:
- 6411064
- Report Number(s):
- DOE/FE-0037/7; ON: DE86003615
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
BUDGETS
CAPACITY
CAVITIES
CONSTRUCTION
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
INVENTORIES
LOUISIANA
MANAGEMENT
NATIONAL ORGANIZATIONS
NORTH AMERICA
PETROLEUM
PROCUREMENT
PROGRAM MANAGEMENT
RESERVES
RESOURCES
SALT CAVERNS
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
TEXAS
UNDERGROUND STORAGE
US DOE
US ORGANIZATIONS
USA