Strategic petroleum reserve: Quarterly report

Technical Report · Mon Aug 15 00:00:00 EDT 1988

OSTI ID:6960247

This report describes activities undertaken with respect to the development of the Reserve. The introduction and summary briefly discuss program background and major activities of the 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. Strategic Petroleum Reserve storage capacity reached 581.3 million barrels. The total inventory of crude oil stored in the Strategic Petroleum Reserve reached 550, 055,724 barrels. The average fill rate during the quarter was 56,239 barrels per day, and the weighted average delivered price during this quarter was $15.99 per barrel. The average fill rate through the third quarter of fiscal year 1988 was 59,000 barrels per day. Funds available for obligation in fiscal year 1988 include $439 million in the SPR Petroleum Account for the acquisition and transportation of crude oil and $232 million in the Strategic Petroleum Reserve Account for activities associated with storage facilities development and the operation and management of the Strategic Petroleum Reserve.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Office of Petroleum Reserves
• OSTI ID: 6960247
• Report Number(s): DOE/FE-0101-2; ON: DE88016852
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
BUDGETS
COST
DATA
DISSOLUTION
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
FUELS
INFORMATION
LEACHING
NUMERICAL DATA
PETROLEUM
PIPELINES
PROGRESS REPORT
RESERVES
RESOURCES
SEPARATION PROCESSES
STATISTICAL DATA
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE