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- May 11, 202690% CONFIDENCEfrom the source
DOE Awards the Biggest Exchange in the SPR's Fifty Years
- The 30 April 2026 solicitation sought up to 92.5 million barrels from Bayou Choctaw, Bryan Mound, Big Hill and West Hackberry - the largest in the reserve's 50-year history[2]
- Contracts for about 53.3 million barrels were awarded on 11 May 2026, with a return premium of roughly 28 per cent, or 15.1 million extra barrels[1]
- About 35 million barrels had been delivered to market by then, and the exchange programme had generated about 35 million barrels of additional volume for the reserve[1]
- Three earlier RFPs had already awarded about 80 million barrels across two completed exchanges, at a 24 per cent premium[2]
- Participants could use the President's limited Jones Act waiver to accelerate deliveries[1]
References 392% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%energy.gov/hgeo/opr/articles/energy-department-awards-contracts-strategic-petroleum-reserve-advancingenergy.gov· Posted Sep 22, 2026· Starts May 11, 2026 ✓· 33% of score
DOE's award announcement is dated 11 May 2026; the 92.5-million-barrel solicitation it answers was issued on 30 April 2026.
- [2]95%Energy Department Issues RFP to Continue Swift Execution of President Trump's 172-Million-Barrel Strategic Petroleum Reserve Exchangeenergy.gov· Added Sep 22, 2026· 33% of score
The 30 April solicitation these awards answer, which names the four sites and calls it the largest in the reserve's 50-year history.[1]
- [3]90%United States to Release 172 Million Barrels of Oil From the Strategic Petroleum Reserveenergy.gov· Added Sep 22, 2026· 33% of score
The March authorisation the whole exchange programme executes.[1]
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