The U.S. Department of Energy announced contracts have been awarded for 8.5-million-barrels of crude oil from the Strategic Petroleum Reserve’s emergency exchange at the Bryan Mound site.
April 10, 2026
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WASHINGTON—The U.S. Department of Energy (DOE) today announced awards of contracts for 8.5-million-barrels of crude oil from the Strategic Petroleum Reserve (SPR) at the Bryan Mound site, marking the second phase toward fulfilling President Trump’s previously announced 172-million-barrel contribution to the International Energy Agency’s collective action to stabilize global oil supply. These awards follow DOE’s recent Request for Proposal (RFP) for this portion of the exchange, with deliveries beginning immediately as the Department continues to move quickly to address short-term supply disruptions and strengthen energy security for the United States.
Under these awards, DOE will move forward with an exchange of 8.5-million-barrels of crude oil, which will be returned with additional premium barrels by next year—supporting energy security and delivering value for the American people at no cost to taxpayers. This action builds on the initial phase of the exchange, which moved quickly to award 45.2 million barrels from the Bayou Choctaw, Bryan Mound, and West Hackberry sites. The exchange continues to allow bidders to take advantage the President’s limited Jones Act waiver, accelerating critical near-term oil flows into the market.
“Today’s awards continue our work to move oil quickly to the market and help mitigate near-term supply disruptions,” said Kyle Haustveit, Assistant Secretary of the Hydrocarbons and Geothermal Energy Office. “Through this exchange structure, we are delivering critical barrels now, while adding back even more to the Strategic Petroleum Reserve over time, supporting energy security and protecting American taxpayers.”
Companies can begin scheduling deliveries immediately. The Department will continue to evaluate market conditions and operational capacity as it advances additional steps to meet the full United States commitment under the coordinated international release.
For more information on the Strategic Petroleum Reserve, visit DOE's website.
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