DOE extends deadline to submit bids for SPR sour crude

Aug. 29, 2017
The US Department of Energy’s Fossil Energy Office extended the deadline for bidding on crude oil it has offered for sale from the US Strategic Petroleum Reserve until 2 p.m. CDT on Sept. 6. It cited impacts from Hurricane Harvey along the US Gulf Coast, where the reserve’s storage facilities are located, as the reason for its Aug. 28 move.

The US Department of Energy’s Fossil Energy Office extended the deadline for bidding on crude oil it has offered for sale from the US Strategic Petroleum Reserve until 2 p.m. CDT on Sept. 6. It cited impacts from Hurricane Harvey along the US Gulf Coast, where the reserve’s storage facilities are located, as the reason for its Aug. 28 move.

FEO previously announced that it would sell 14 million bbl of sour crude from the SPR from three sites—Bryan Mound and Big Hill in Texas, and West Hackberry in Louisiana (OGJ Online, Aug. 22, 2017).

Contact Nick Snow at [email protected].

About the Author

Nick Snow

NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.