Reservoir Engineering Research Institute

Organization Overview

Reservoir Engineering Research Institute is located in Palo Alto, CA. The organization was established in 1991. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Reservoir Engineering Research Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reservoir Engineering Research Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Reservoir Engineering Research Institute generated $542.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $683.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO CARRY OUT IN-DEPTH RESEARCH IN KEY AREAS OF PETROLEUM RESERVOIR ENGINEERING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH PROJECTS ARE DIVIDED INTO TWO MAIN CATAGORIES:THERMODYNAMICS AND FLUID FLOW.IRREVERSABLE THERMODYNAMICS, INTERFACIAL THERMODYNAMICS AND BULK PHASE EQUILIBRIUM THERMODYNAMICS COVER RESEARCH PROJECTS RELATED TO KINETICS OF HYDRATE, WAX AND ASPHALTENE PRECIPITATION AND DESPOSITION, COMPOSITIONAL VARIATION IN HYDROCARBON RESERVOIRS AND GAS CONDENSATE RESERVOIRS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$542,004
Investment income $423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $542,427

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