Placid Refining Company LLC

Placid Refining Company LLC, a for-profit limited liability company based in Port Allen, Louisiana, supplies military-specification aviation turbine fuel and naval distillate to the Defense Logistics Agency Energy as a prime contractor, with no subcontract footprint and no small business set-aside designations on individual delivery orders.

The company operates a petroleum refining facility in Port Allen that produces four primary jet propulsion fuel grades—JP5, JP8, JAA, and F76 naval distillate—all meeting strict Department of Defense specifications. Placid Refining competes exclusively in full-and-open federal procurements; the underlying IDIQ master contracts incorporate partial small business set-asides of up to 49 percent, but individual delivery orders to Placid Refining carry no set-asides. The vendor holds four active IDIQ contracts with DLA Energy valued between $204.7 million and $310.7 million, with the most recent awarded April 1, 2026, at $204.7 million through March 31, 2027. Representative delivery orders span April 2026 through December 2024 and range from $2.9 million to $8.4 million in individual value, issued on fixed-price contracts with economic price adjustment mechanisms tied to published petroleum market indices (Platts Jet Kero, ULSD, Argus). A prior $246.9 million IDIQ awarded March 27, 2024, and expiring March 31, 2025, generated approximately 100 delivery orders during its performance window.

Customer concentration is absolute: Defense Logistics Agency Energy accounts for all 474 awards in the source data (474 of 477 total awards; 99 percent coverage), with a combined potential value of $5.94 billion. The three remaining awards relate to the four active IDIQ vehicles themselves. Placid Refining's federal footprint is supply-based exclusively; the vendor has delivered fuel to more than 250 Department of Defense installations worldwide under these contracts since at least 2021.

The top five parent IDIQ vehicles (by task order count) are SPE60222D0465 (73 delivery orders, $360.2 million), SPE60223D0465 (57 delivery orders, $267.5 million), SP060015D0474 (49 delivery orders, $106.8 million), SP060014D0477 (47 delivery orders, $232.4 million), and SPE60220D0469 (47 delivery orders, $107.2 million). All work is performed directly by Placid Refining without major subcontractors. Placid Refining maintains current SAM.gov registration and has held federal contracts since at least 2006.

Activity has remained strong but volatile over the past five years: 60 awards in 2022, 63 in 2023, 37 in 2024, 40 in 2025, and 15 as of mid-2026. The sharp drop in 2024–2026 reflects the transition from the prior $310.7 million IDIQ (which expired March 31, 2024) through the $246.9 million IDIQ (March 2024 through March 2025) into the current $244.7 million and $204.7 million vehicles. Approximately $42.8 million in combined potential value from awards completing through March 31, 2027, represents recompete exposure tied to the current IDIQ ceiling value and ordering period end date. Placid Refining's 2024–2026 award trajectory reflects consolidation of prior contract vehicles rather than loss of competitive standing; delivery order frequency and dollar magnitude remain consistent with prior years under the newer IDIQ vehicles.