Strategic Petroleum Reserve quarterly report
This August 15, 1984 SPR Quarterly Report, presented in five sections, describes activities undertaken with respect to the development of the Reserve during the period April 1, 1984 through June 30, 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 Phase I sites by a total of 290 million barrels; cavern development is approximately 75 percent 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 is proceeding on schedule with cavern leaching underway at Bryan Mound and surface construction underway at Big Hill. Drilling of the final 18 wells at Big Hill has commenced. Phase III well drilling at West Hackberry was completed during the second quarter of FY 1984, and surface construction will be initiated in August 1984. During the quarter ending June 30, 1984, the total inventory of oil stored in the SPR reached 413,734,620 barrels. The average fill rate during the quarter was 241,116 barrels per day and the weighted average delivered price of crude oil during this quarter was $30.54 per barrel. The projected fill rate for the calendar quarter July 1, 1984 to September 30, 1984, is approximately 197,000 barrels per day. 2 tables.
- Research Organization:
- USDOE Assistant Secretary for Fossil Energy, Washington, DC. Strategic Petroleum Reserve
- OSTI ID:
- 6567737
- Report Number(s):
- DOE/FE-0037/2; ON: DE84017498
- Country of Publication:
- United States
- Language:
- English
Similar Records
Strategic Petroleum Reserve quarterly report, October 1-December 31, 1984
Strategic Petroleum Reserve. Quarterly report
Related Subjects
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ATLANTIC OCEAN
CAPACITY
CARIBBEAN SEA
CAVITIES
CONSTRUCTION
DATA
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
GULF OF MEXICO
INFORMATION
INVENTORIES
LOUISIANA
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
RESERVES
RESOURCES
SALT CAVERNS
SEAS
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
SURFACE WATERS
TEXAS
UNDERGROUND STORAGE
USA