DOE TO SHIP 20,000 B/D OF ELK HILLS OIL TO SPR

The U.S. Department of Energy has decided to ship 20,000 b/d of its Elk Hills field production in California to the Strategic Petroleum Reserve on the Gulf Coast. DOE said prices are too low to sell the high quality Elk Hills Stevens zone oil on the California market. It had warned local buyers it might divert the oil to the Gulf Coast (OGJ, May 4, p. 50). It said shipping the Elk Hills crude to the SPR site at Big Hill, Tex., will save $2/bbl under the price of comparable crude delivered

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home