DM Petroleum Operations Company (DM) (formerly DynMcDermott Petroleum Operations) was created solely to provide management and operating services to the U.S. Department of Energy (DOE) on the Strategic Petroleum Reserve (SPR) project.

The Strategic Petroleum Reserve (SPR) was established by the Energy Policy and Conservation Act of 1975 in the aftermath of the 1973 Arab oil embargo. Its mission is to store crude oil to reduce the adverse economic impact of a major petroleum supply interruption to the United States and carry out obligations under the International Energy Program. The SPR is the largest emergency crude oil reserve in the world and is highly visible when oil prices rise or when global conflicts cause potential oil supply interruptions. The SPR is a strategic asset and America’s energy insurance against disruptions to the world’s flow of crude oil.

DM is a synergetic corporation formed by four companies in 1993: DynCorp, based in Reston, Virginia which was bought by Computer Sciences Corporation (CSC) in 2003; International Matex Tank and Terminals (IMTT) located in New Orleans, Louisiana; McDermott International located in Houston, TX; and Jacobs Engineering with Offices in Baton Rouge, Louisiana and Houston, Texas. McDermott transferred ownership of DM to Babcox and Wilcox in 2010. DM began its tenure to provide management and manpower to operate and maintain the SPR and related pipeline systems in 1993 as the Department of Energy’s primary contractor. In 2003 the contract was re-bid and DM was selected to continue as the SPR M&O contractor for a 10 year period.