Overview
What is Reservoir Engineering Research Institute?
The Reservoir Engineering Research Institute, situated in Palo Alto, California, is a nonprofit organization primarily focused on conducting in-depth research in the crucial field of petroleum reservoir engineering. Their research projects are categorized into two main areas: thermodynamics and fluid flow. The thermodynamics category encompasses research on the kinetics of hydrate, wax, and asphaltene precipitation and deposition, compositional variation in hydrocarbon reservoirs, and gas condensate reservoirs. The institute's mission is to contribute significantly to the understanding of petroleum reservoirs, ultimately aiming to improve the efficiency and sustainability of the energy sector, employing a total workforce of 7 individuals.
Official website here: www.rerinst.org
Is Reservoir Engineering Research Institute legitimate?
Reservoir Engineering Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reservoir Engineering Research Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $76,686
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,687
For more financial information, click here
Official website here: www.rerinst.org
What is the mission statement of Reservoir Engineering Research Institute?
The Reservoir Engineering Research Institute is dedicated to conducting in-depth research in critical areas of petroleum reservoir engineering. Their mission is centered around two main categories of projects: thermodynamics and fluid flow. The thermodynamics research focuses on aspects like the kinetics of hydrate, wax, and asphaltene precipitation and deposition, compositional variations in hydrocarbon reservoirs, and gas condensate reservoirs.
Official website here: www.rerinst.org
Who is the CEO of Reservoir Engineering Research Institute?
Unavailable
Official website here: www.rerinst.org
What is the revenue of Reservoir Engineering Research Institute?
Reservoir Engineering Research Institute's revenue in 2022 was $410,643.
Official website here: www.rerinst.org
Who are the executives of Reservoir Engineering Research Institute and what are their salaries?
The average compensation at Reservoir Engineering Research Institute during 2022 was $31,482. There are 7 employees at Reservoir Engineering Research Institute.
Here are 6 key members and their salaries:
- Compensation: $95,481
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.rerinst.org
Where can I find the form 990 for Reservoir Engineering Research Institute?
Reservoir Engineering Research Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rerinst.org
Learn more at the official website: www.rerinst.org
Mission Statement of Reservoir Engineering Research Institute
The Reservoir Engineering Research Institute is dedicated to conducting in-depth research in vital aspects of petroleum reservoir engineering. Their mission encompasses two primary categories of projects: Thermodynamics and Fluid Flow. Within these categories, they delve into topics such as the kinetics of hydrate, wax, and asphaltene precipitation and deposition, the compositional variation in hydrocarbon reservoirs, and the behavior of gas condensate reservoirs. Their research aims to advance our understanding of these complex processes, contributing to the development of more efficient and sustainable methods in the petroleum industry.
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Impact
October, 2024
The Reservoir Engineering Research Institute has a significant impact on the field of petroleum reservoir engineering through its in-depth research efforts, which are crucial for advancing knowledge and technology in the industry. By focusing on thermodynamics and fluid flow, the Institute conducts comprehensive studies that address complex issues such as the kinetics of hydrate, wax, and asphaltene precipitation, as well as compositional variations in hydrocarbon and gas condensate reservoirs.
This research enhances understanding of reservoir behavior, leading to improved methods for extracting resources efficiently and sustainably. The findings contribute to optimizing production processes, mitigating risks associated with reservoir management, and enabling industries to develop innovative solutions for challenges faced in hydrocarbon extraction. Overall, the Institute plays a vital role in driving scientific advancements that support the oil and gas sector, ultimately influencing energy strategies and environmental stewardship.
This information is meant to be a general summary of Reservoir Engineering Research Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,806
- Program Service Revenue: $407,837
- Gross Receipts: $410,643
Assets and Liabilities:
- Total Assets: $145,837
- Total Liabilities: $263,915
- Net Assets: -$118,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$247,500
OTHER
Revenue
$41,267
RESEARCH
Revenue
$119,070
Organization Details
Founding Year
1990
Phone
(650) 326-9172Main Address
595 LYTTON AVE B 2ND FLOOR, PALO ALTO, CA, 94306
Website
www.rerinst.orgNTEE Category
Code: U420 - Science research
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