Enhanced Oil Recovery Institute

What Enhanced Oil Recovery Institute does

Enhanced Oil Recovery Institute (EORI) is a state-funded nonprofit research institute established in 2004 by Wyoming legislation and operating under the University of Wyoming School of Energy Resources. Headquartered in Casper, Wyoming, EORI's mission is to collaborate directly with Wyoming oil and gas producers to reduce stranded oil reserves, extend field life, and increase state revenue through additional taxes from incremental production. The institute provides specialized expertise in Wyoming geology and petroleum engineering, including reservoir characterization, 3D geologic modeling, reservoir simulation, CO2-EOR technology, and improved oil recovery (IOR) methods.

EORI's product portfolio centers on knowledge transfer rather than commercial technology sales. Core offerings include the EORI Insights events series featuring industry expert presentations, a publications library with over 50 technical bulletins and 242 presentations, interactive Wyoming oil and gas resource maps, CO2-EOR fact sheets, the Wyoming Pipeline Corridor Initiative (WPCI) for CO2 pipeline infrastructure, 3D reservoir modeling technical guidance documents, and a Technical Advisory Board. As of April 2024, CO2-EOR projects supported by EORI expertise have produced 67 million barrels of incremental oil and generated $558 million in tax revenue for Wyoming.

EORI operates on a state funding model under the governance of the Enhanced Oil Recovery Commission (EORC), providing services to Wyoming producers at no direct cost. Revenue derives from State of Wyoming appropriations through the University of Wyoming School of Energy Resources. The go-to-market approach is community-led, relying on direct engagement with Wyoming operators, industry collaborative projects, EORI Insights events, and technology transfer partnerships with organizations including the Wyoming Geologic Association, Wyoming State Geological Survey, and Wyoming Pipeline Corridor Initiative.

Name

Enhanced Oil Recovery Institute

Legal name

Enhanced Oil Recovery Institute

Website

https://eoriwyoming.org

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

EORI is a state-funded nonprofit research institute established in 2004 and operating under the University of Wyoming School of Energy Resources, providing enhanced oil recovery expertise, CO2-EOR technology, and reservoir characterization services to Wyoming oil and gas producers at no direct cost.

Ownership category

akta.pro rank

Product category

Energy Research Services

NAICS

Support Activities for Oil and Gas Operations (213112), Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Enhanced Oil Recovery (EOR) & IOR (CO₂, Steam, Chemical) (EUALAAAG)

akta.pro secondary industry

CO2 EOR Pipeline Transportation (Enhanced Oil Recovery CO2 Lines) (TLAGAFAE)

Keywords

• Enhanced oil recovery
• CO2 EOR technology
• Reservoir characterization
• Oil field research
• Petroleum engineering

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. State Funding: EORI is a state-funded institute dedicated to working with Wyoming operators. Funding comes from the State of Wyoming to support the institute's mission of collaborating with Wyoming oil and gas industry to reduce stranded oil reserves and increase production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Enhanced Oil Recovery Institute (EORI) is a state-funded research institute that collaborates with Wyoming oil and gas producers to reduce stranded oil reserves and extend field life through enhanced oil recovery (EOR) and improved oil recovery (IOR) technologies. It delivers geologic and reservoir studies, 3D reservoir modeling and simulation guidance, CO2-EOR expertise, and technology transfer through publications, educational events, interactive maps, and a technical advisory board.

Product overview

Enhanced Oil Recovery Institute (EORI) is a state-funded research institute based in Casper, Wyoming, that operates as a collaborative knowledge-sharing platform rather than a traditional product company. The institute offers a unified portfolio of educational resources and technical services including EORI Insights Events (live educational presentations featuring industry experts), an extensive Publications Library with over 50 publications covering CO2 EOR, reservoir characterization, and oil recovery technologies, interactive mapping tools for Wyoming oil and gas data, CO2 EOR fact sheets, the Wyoming Pipeline Corridor Initiative (WPCI) for CO2 transportation infrastructure, 3D reservoir modeling guidance, video presentations, and a Technical Advisory Board. These offerings work together to transfer technology and expertise to Wyoming oil and gas producers to reduce stranded reserves and increase production.

Differentiator

Problem solved

Functional benefit

Products and services

• EORI Insights Events
• EORI Publications Library
• EORI Interactive Maps
• Wyoming Pipeline Corridor Initiative (WPCI)
• Technical Advisory Board (TAB)
• Collaborative EOR/IOR Project Partnerships

Quantifiable outcome

• 67 million barrels of incremental oil produced as of April 2024 from CO2-EOR projects, providing $558 million in tax revenue to Wyoming
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and secondary.

• University of Wyoming School of Energy ResourcescoreStrategic or Co-development PartnerEORI is associated with the University of Wyoming School of Energy Resources, sharing facilities and potentially collaborating on research and education initiatives for Wyoming energy development.
• Wyoming Energy AuthoritycoreStrategic or Co-development PartnerEORI partners with the Wyoming Energy Authority to support energy development initiatives in Wyoming, particularly related to EOR technologies and CO2 utilization.
• Wyoming Oil & Gas Conservation CommissioncoreStrategic or Co-development PartnerEORI collaborates with the Wyoming Oil & Gas Conservation Commission on regulatory matters and technical standards for oil and gas production in Wyoming.
• Wyoming Governors OfficecoreStrategic or Co-development PartnerEORI works with the Wyoming Governors Office on energy policy and initiatives related to oil and gas production and revenue generation for the state.
• Wyoming Geologic AssociationsecondaryStrategic or Co-development PartnerEORI collaborates with the Wyoming Geologic Association on geologic studies and knowledge sharing related to Wyoming oil and gas formations.
• Wyoming State Geological SurveysecondaryStrategic or Co-development PartnerEORI partners with the Wyoming State Geological Survey for geologic mapping, data sharing, and research on Wyoming oil and gas resources.
• Enhanced Oil Recovery CommissioncoreStrategic or Co-development PartnerEORI is related to the Enhanced Oil Recovery Commission (EORC), which was established through Wyoming legislation to oversee and support EOR initiatives in the state.
• Wyoming Pipeline Corridor Initiative (WPCI)secondaryStrategic or Co-development PartnerEORI supports the Wyoming Pipeline Corridor Initiative which studies available space in existing pipeline corridors on BLM lands to facilitate CO2 pipeline development for EOR in Wyoming.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Denbury Resources: Denbury is a leading pure-play CO2-EOR operator with a dedicated CO2 pipeline network across the Gulf Coast and Rockies. It is a direct industry peer executing the type of CO2-EOR projects EORI's research supports in Wyoming.
• Petroleum Recovery Research Center (PRRC): New Mexico Tech's PRRC is a state-funded research institute focused on improved and enhanced oil recovery, very similar to EORI's mandate. Both are public/academic institutes dedicated to developing and transferring EOR/IOR technology to regional producers.
• Core Laboratories: Core Laboratories is a major oilfield services provider specializing in reservoir characterization, formation evaluation, and enhanced recovery consulting. It is comparable as a commercial provider of the reservoir analysis and EOR optimization expertise that EORI offers to Wyoming producers.

Broad incumbents

• National Energy Technology Laboratory (NETL): NETL is the US Department of Energy's national laboratory conducting large-scale R&D on CO2-EOR, carbon storage, and enhanced recovery. It is comparable as the federal counterpart to EORI's state-level mandate, with much broader scope and resources.
• Kinder Morgan: Kinder Morgan is a major CO2 pipeline transporter and has historically been one of the largest dedicated CO2 pipeline operators in the US. It is comparable as a critical infrastructure provider for the CO2-EOR supply chain that EORI's Wyoming Pipeline Corridor Initiative supports.
• Occidental Petroleum: Occidental is a major oil producer with extensive in-house EOR expertise and the largest direct air capture / CO2-EOR integration effort in the US (1PointFive). It is comparable as a dominant EOR/CO2 utilization player that EORI's Wyoming CO2-EOR work ultimately feeds.

Others

• Society of Petroleum Engineers (SPE): SPE is the global professional society for oil and gas professionals, hosting technical events and publications on EOR. It is comparable as a knowledge-sharing and education platform that EORI's EORI Insights events and publications library parallel within Wyoming.

Emerging players

• Stanford EOR Program (SUPRI): Stanford's SUPRI program conducts academic research on enhanced oil recovery, similar to EORI's research mandate but at a university level rather than a state-funded industry institute. Both focus on advancing EOR science and technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/uweori
• Facebookfacebook.com/eoriwyoming
• LinkedInlinkedin.com/company/enhanced-oil-recovery-institute

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enhanced Oil Recovery Institute