In 2004, the the Wyoming legislature created in Statute (30-8-101) the Enhanced Oil Recovery Commission (EORC Agency 070). The Enhanced Oil Recovery Institute (EORI) was developed as their operating unit and is funded by the EORC.
AS PER OUR MISSION, EORI FOCUS AREAS INCLUDE:
- Collaborative Project Work with Wyoming Operators
- Minimizing Stranded Oil in the State
- Geologic & Reservoir Modeling & Simulation
- Technologies to Economically Improve Oil Recovery
EORI, located in Casper, is the only institute in the State exclusively dedicated to improving and enhancing oil recovery in Wyoming.
BUDGET and IMPACT to WYOMING:
Currently, the EORC receives a State Biennium Budget of $4.7 Million as of July 1, 2025.
Since the inception of the Institute (2004 - June 2024), EORI has provided a significant Return on Investment to the State of Wyoming. For a total investment of $53 Million, EORI has generated Tax Revenue of $558 Million to the State and its citizens.
From 2004 through June 2024, the total EORC state budget allocation ~ $53 Million (State Budget Office)
Based exclusively on incremental production from EORI/Industry Collaborative Projects, the calculated tax revenue to the State of Wyoming is $558 Million.
This amount is determined using the following parameters:
- - Actual Incremental Oil Production: 67 million barrels
- - Average 13% Tax Rate (Severance and Ad Valorem)
- - Actual Monthly Wyoming Oil prices during the evaluation period
EORI
- Provides a unique and significant service to the oil and gas industry in Wyoming.
- Encourages and facilitates testing and evaluation of technologies to improve oil recovery in Wyoming reservoirs.
- Evaluation of applicable technologies for improving and enhancing oil recovery and transferring results through workshops, conferences and projects.
- Maximizes economic potential of the oil and gas industry in Wyoming.
University of Wyoming:
EORI works under a Memorandum of Understanding (MOU) with the University of Wyoming and is a Collaborative Partner with the School of Energy Resources (SER).