RIK Strategic Petroleum Reserve

This page last updated:
12/24/2008

Pagemaster:
Michele Fields

Strategic Petroleum Reserve

This page contains official documents related to RIK activities.

In his State of the Union message, President Bush announced his intention to increase the Strategic Petroleum Reserve (SPR) - the world's largest supply of emergency crude oil - to 1.5 billion barrels by 2027. SPR oil is stored in huge underground salt caverns along the coastline of the Gulf of Mexico. At the present time, the reserve holds about 700 million barrels of crude oil. The minerals Management Service (MMS) and the Department of Energy work together to fill and maintain the SPR.

Oil from MMSs Royalty-in-Kind (RIK) program - by which royalties from oil production are accepted in-kind (oil) rather than in-value (cash) - is used to fill the reserve.

Phase Eleven

Invitation for Offer
Strategic Petroleum Reserve Fill
Transportation of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. MMS-RIKOIL-2009-SPR-002
Sale Period: April 1, 2009 through December 31, 2009
Offers Due: Tuesday, January 6, 2009 (10:00am MT)

Phase Ten

Invitation for Offer
Strategic Petroleum Reserve Fill
Transportation of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. MMS-RIKOIL-2008-SPR-002
Sale Period: July 1, 2008 through December 31, 2008
Offers Due: April 29, 2008 (10:00am MT)

Phase Nine

Invitation for Offer
Strategic Petroleum Reserve Fill
Transportation of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. M08PX15014
Sale Period: January 1, 2008 through June 30, 2008
Offers Due: October 30, 2007 (10:00am MT)

Phase Eight

Invitation for Offer
Revised April 25, 2007
Strategic Petroleum Reserve Fill
Transportation of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. M07PX14954
Sale Period: July 1, 2007 through December 31, 2007
Offers Due: May 1, 2007 (10:00am MT)

Phase Seven

Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-05-RP-25849
Sale Period: April 1, 2005 through September 30, 2005
Offers Due: January 31, 2005 (2:00pm MT)

Dear Operator Letter - Effective April 1, 2005
- Includes awarded property listing

Phase Six

Revised Invitation for Offer
Revised July 22, 2004
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-04-RP-40473
Sale Period: October 2004 through March 2005
Offers Due: July 26, 2004 (2:00pm MT)
Dear Operator Letter - Effective October 1, 2004
- Includes awarded property listing

Phase Five

Second Amended IFO as of January 27, 2004
Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-03-RP-40443
Sale Period: April 2004 through September 30, 2004
Offers Due: February 2, 2004 (2:00pm MT)
Dear Operator Letter - Effective April 1, 2004
- Includes awarded property listing

Phase Four

Dear Operator Letter and Listing of Awarded SPR Properties
Deliveries Effective October 1, 2003

Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-03-RP-40419
Sale Period: October 2003 through March 2004
Offers Due: August 4, 2003 (10:00am MT)

Phase Three

Listing of Awarded SPR Properties
Deliveries Effective April 1, 2003

Dear Operator Letter - March 13, 2003
Including complete list of active SPR properties

Revised Dear Operator List of Active SPR Properties
Effective April 1, 2003

Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-03-RP-40403
Sale Period: April 2003 through September 2003/March 2004
Offers Due: January 27, 2003

Phase Two

Dear Operator Letter - August 13, 2002
Including complete list of properties (See below)

Amended Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-02-RP-40380
Sale Period: October 2002 through March 2003
Offers Due: July 24, 2002

Additional Awarded SPR Properties
Beginning October 1, 2002

Invitation for Offer
Strategic Petroleum Reserve Fill
Exchange of Royalty-in-Kind Crude Oil to Market Centers
Solicitation No. 1435-02-02-RP-40370
Sale Period: April 2002 through March 2003
Offers Due: January 31, 2002

Awarded SPR Properties
Beginning April 1, 2002

Phase One

List of Awarded Properties:

Properties reverting to In-Value November 1, 2000
August 1999 to October 2000 - List of Properties Reverting to In-Value November 1, 2000

MMS/DOE Strategic Petroleum Reserve Project
August 1999 to October 2000 - List of Awarded Properties & Winning Bidders

RIK Dear Operator Letters

Dear Operator Letters - Individual letters to specific operators regarding specific RIK properties may vary slightly and are not posted to this site. Letters to operators are based on these samples.

Dear Operator Letter - March 13, 2003
Including complete list of active SPR properties
Effective April 1, 2003

Dear Operator Letter - August 13, 2002
Including complete list of active properties
Beginning October 1, 2002

Dear Operator Letter - September 28, 2000
August 1999 to October 2000 - List of Properties Reverting to In-Value
November 1, 2000

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