Strategic Petroleum Reserve: Quarterly report

Technical Report · Fri May 15 00:00:00 EDT 1987

OSTI ID:6432656

This quarterly report describes activities undertaken with respect to the development of the Strategic Petroleum Reserve during the period January 1, 1987 through March 31, 1987. 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. Information on the budget and cost of the Reserve is contained in Section IV. During the first quarter of 1987, Strategic Petroleum Reserve storage capacity reached approximately 563 million barrels. At Bryan Mound, the conversion of Cavern 5 from sweet to sour crude oil storage proceeded on schedule, and at West Hackberry, leaching continued on four of the five remaining incomplete caverns. A capacity gain of 10 million barrels was realized at Bayou Choctaw with the completion of testing of Cavern 17. The total inventory of crude oil stored in the Strategic Petroleum Reserve reached 519,986,787 barrels during the quarter ending March 31, 1987. The average fill rate during the quarter was 93,575 barrels per day, and the weighted average delivered price during this quarter was $17.80 per barrel. Funds available for obligation in fiscal year 1987 include $526 million in the SPR Petroleum Account for the acquisition and transportation of crude oil and $262 million in the Strategic Petroleum Reserve Account for activities associated with storage facilities development and the operation and management of the Strategic Petroleum Reserve. 2 tabs.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Office of Petroleum Reserves
• OSTI ID: 6432656
• Report Number(s): DOE/FE-0084-1; ON: DE87011945
• 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
BUDGETS
CAPACITY
CAVITIES
COST
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
INVENTORIES
LOUISIANA
MANAGEMENT
NORTH AMERICA
PETROLEUM
PROCUREMENT
PROGRAM MANAGEMENT
RESERVES
RESOURCES
SALT CAVERNS
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
TEXAS
UNDERGROUND STORAGE
USA