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updated Thu. May 30, 2024

It was also tapped last year after Hurricane Harvey left refiners in Texas and Louisiana unable to secure crude. "This is a good example of why we need an SPR," Energy Secretary Rick Perry said at the time. The last drawdown, a congressionally mandated sale in September 2017, fetched an average ...

A contractor works on the infrastructure last year at the U.S. Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport. The U.S. has about ... The U.S. has about 675 million barrels of oil in the reserve, which is stored in four salt caverns in Texas and Louisiana. The largest is south of ...
Oil and gas companies on the Texas Gulf Coast were dealing Monday with the impact of Tropical Storm Harvey, which was unleashing torrential rains and .... The US government's largest crude storage site -- Bryan Mound -- is unavailable for drawdowns, a Department of Energy official said Monday. Bryan ...
With Hurricane Harvey bearing down on the Texas Gulf Coast, analysts are already forecasting at least some disruption to the nation's fuel supply chain. And should the damage be particularly severe, the U.S. government might need to tap into the Strategic Petroleum Reserve, a vast network of ...
An undated photo provided by the Energy Department shows crude oil pipes at the Bryan Mound site near Freeport, Texas. President Donald Trump's proposal to sell nearly half the U.S. emergency oil stockpile is sparking renewed debate about whether the Strategic Petroleum Reserve is still needed amid ...
The U.S. Strategic Petroleum Reserve is the largest hoard of emergency oil in the world, and the largest repository in the reserve system is stashed inside the Bryan Mound salt dome. Spread across 20 underground caverns, Bryan Mound contains about 250 million barrels of sweet and sour crude, the ...
In April, a water pipe at the DOE's Big Hill site in Winnie, Texas failed, less than a year after a crude oil storage tank failed at the Bryan Mound SPR site near Freeport, Texas. Throughout the system, pipes are corroding, tank floors need to be replaced, wells are failing mechanical integrity tests and pump ...


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