2026-08-17T12:28:22-05:00 2025-09-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2025-04-01 752001539 SOCIETY OF PETROLEUM ENGINEERS INC SOCI 9729529407 222 PALISADES CREEK DR RICHARDSON TX 75080 STEVEN BYRNE CHIEF FINANCIAL OFFICER 9729529407 2026-08-17 1 KRISTI NARVAIZ P01516153 2108286281 2026-08-14 2025 2025-03-06 01:10:19Z SIMON D SEATON 222 PALISADES CREEK DR RICHARDSON TX 75080 15433849 0 X WWW.SPE.ORG X 1984 TX THE SOCIETY OF PETROLEUM ENGINEERS (SPE) IS A NOT-FOR-PROFIT PROFESSIONAL ASSOCIATION WHOSE MEMBERS ARE ENGAGED IN ENERGY RESOURCES DEVELOPMENT AND PRODUCTION. SPE SERVES APPROXIMATELY 132,000 MEMBERS IN 146 COUNTRIES WORLDWIDE. SPE IS A KEY RESOURCE FOR TECHNICAL KNOWLEDGE RELATED TO THE OIL AND GAS EXPLORATION AND PRODUCTION INDUSTRY AND PROVIDES SERVICES THROUGH ITS PUBLICATIONS, EVENTS, TRAINING COURSES AND ONLINE RESOURCES AT WWW.SPE.ORG. 20 20 0 3000 85325 0 6639738 304900 32688610 14731574 1660370 387058 201029 115 41189747 15423647 692031 525250 0 0 17276872 8298249 0 0 27143 24069698 8442298 42038601 17265797 -848854 -1842150 48361660 52117978 15120728 16651228 33240932 35466750 X TO CONNECT A GLOBAL COMMUNITY OF ENGINEERS, SCIENTISTS, AND RELATED ENERGY PROFESSIONALS TO EXCHANGE KNOWLEDGE, INNOVATE, AND ADVANCE THEIR TECHNICAL AND PROFESSIONAL COMPETENCE REGARDING THE EXPLORATION, DEVELOPMENT, AND PRODUCTION OF OIL AND GAS AND RELATED ENERGY RESOURCES TO ACHIEVE A SAFE, SECURE, AND SUSTAINABLE ENERGY FUTURE. 0 0 5714881 0 5606059 MEETINGS, CONFERENCES, WORKSHOPS, FORUM SERIES, TRAINING COURSES, AND SYMPOSIUMS - SPE'S MEETING STRATEGY IS TO DELIVER HIGH QUALITY MEETINGS AND EVENTS FOR THE BENEFIT OF SPE MEMBERS, AND THE PUBLIC. MEETINGS CAN BE HELD IN VARIOUS FORMATS SUCH AS CONFERENCES, WORKSHOPS, SYMPOSIA, SUMMITS, FORUMS, TRAINING, TECH TALKS, AND WEBINARS. SPE MANAGES 90-100 EVENTS A YEAR. THE EVENTS RELATE TO TECHNICAL TOPICS BROUGHT FORWARD BY MEMBERS OF SPE THAT ARE RELATED TO THE EXPLORATION AND DEVELOPMENT OF OIL AND GAS. 2534243 0 2084732 PUBLICATIONS - MAGAZINES, ONEPETRO, AND TECHNICAL JOURNALS - PROVIDES JOURNALS AND WEBSITE ACCESS FOR THE SOCIETY'S PUBLICATIONS, WEBSITES, ONLINE CONTENT REPOSITORIES AND TOOLS IN ORDER TO MAINTAIN AND STIMULATE EFFECTIVE KNOWLEDGE CAPTURE, DISSEMINATION AND ARCHIVING OF SPE'S CONTENT FOR ITS MEMBERS, AND THE PUBLIC. AVENUES OF DELIVERING THE TECHNICAL CONTENT INCLUDE SPE RESEARCH PORTALS (ONEPETRO AND PETROWIKI), SERIAL PUBLICATIONS SUCH AS THE JOURNAL OF PETROLEUM TECHNOLOGY, PEER-REVIEWED JOURNALS, SPE BOOKS AND SPE'S DEFINITIONS AND GUIDELINES. 3489168 525250 3110613 MEMBER PROGRAMS, INCLUDING U.S. SECTIONS AND STUDENT CHAPTERS - SPE MEMBER PROGRAMS INCLUDE BENEFITS AND ACTIVITIES FOR SPE MEMBERS. SPE DELIVERS TO ITS MEMBERS VARIOUS PROGRAMS THROUGH SECTIONS AND STUDENT CHAPTERS. SPE PROVIDES THE FUNDING FOR THE DISTINGUISHED LECTURER PROGRAM THAT ALLOWS SECTIONS TO INVITE UP TO 2 DISTINGUISHED LECTURERS TO THEIR MEETINGS EACH YEAR. THE DISTINGUISHED LECTURER IS A SPE VOLUNTEER WHO IS A TECHNICAL EXPERT IN HIS/HER GIVEN AREA OF OIL AND GAS. SPE COVERS ALL TRAVEL COSTS RELATED TO THE TRAVEL FOR THE DISTINGUISHED LECTURER TO THE SECTION. SPE PRODUCES PROGRAMS FOR ITS STUDENTS AND YOUNG PROFESSIONAL MEMBERS. ACTIVITIES SUCH AS STUDENT PAPER CONTESTS, PETRO BOWL, VIRTUAL CAREER PATHWAY AND LEADERSHIP ALLIANCE PROGRAMS ARE JUST A FEW OF THE PROGRAMS OFFERED TO YOUNG PROFESSIONAL AS WELL AS STUDENT MEMBERS. 428555 3844845 ASSOCIATED STAFF COSTS, MANAGEMENT FEE INCOME, IT INFRASTRUCTURE COSTS AND MISC. REVENUE IN SUPPORT OF THE MAJOR PROGRAMS OF SPE. 428555 3844845 12166847 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 0 0 1 0 1 1 1 1 BR CA EG MY AE UK 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X STEVEN BYRNE 9729529407 222 PALISADES CREEK DR RICHARDSON TX 75080 TERRY PALISCH 2024 SPE PRESIDENT 1.00 0.00 X X 0 0 0 OLIVIER HOUZE 2025 SPE PRESIDENT 1.00 0.00 X X 0 0 0 JENNIFER MISKIMINS 2026 SPE PRESIDENT 1.00 0.00 X X 0 0 0 ROBERT MARTINEZ RD - NORTH AMERICA 1.00 0.00 X 0 0 0 MOHAMED AL-MARZOUQI RD - MIDDLE EAST & NORTH AFRICA 1.00 0.00 X 0 0 0 ROBIN MACMILLAN TD - DRILLING 1.00 0.00 X 0 0 0 SUE STALEY TD - HSE & SUSTAINABILITY 1.00 0.00 X 0 0 0 HAMAD AL-MARRI TD - PRODUCTION & FACILITIES 1.00 0.00 X 0 0 0 PIERRE D'HUART RD - EUROPE 1.00 0.00 X 0 0 0 HAZLI KASSIM RD - ASIA PACIFIC 1.00 0.00 X 0 0 0 CARLOS PEDROSO RD - LATIN AMERICA & CARIBBEAN 1.00 0.00 X 0 0 0 ALEXEY BORISENKO RD - RUSSIA & CASPIAN 1.00 0.00 X 0 0 0 KIM ORACHESKI RD - NORTH AMERICA 1.00 0.00 X 0 0 0 SUSHMA BHAN TD - DATA SCIENCE & ENG. ANALYTICS 1.00 0.00 X 0 0 0 ABDULLATIF AL-OMAIR RD - MIDDLE EAST 1.00 0.00 X 0 0 0 RIVERSON OPPONG RD - AFRICA 1.00 0.00 X 0 0 0 RAHIM MASOUDI TD - RESERVOIR 1.00 0.00 X 0 0 0 CARLOS TORRES RD - NORTH AMERICA 1.00 0.00 X 0 0 0 KOJI YAMAMOTO RD - ASIA PACIFIC 1.00 0.00 X 0 0 0 PEGGY RIJKEN TD - COMPLETIONS 1.00 0.00 X 0 0 0 SIMON D SEATON CEO AND EXECUTIVE VP 38.00 2.00 X 0 0 0 MICHELLE BOYD CHIEF OPERATING OFFICER 20.00 20.00 X 0 0 0 STEVEN BYRNE CHIEF FINANCIAL OFFICER 38.00 2.00 X 0 0 0 0 0 0 304900 304900 MEETINGS 561000 5774792 5774792 MEMBER DUES/ASSESSMENTS 900099 3110913 3110913 PUBLICATIONS 541800 2170057 2084732 85325 US CHAPTER REVENUE 900099 2149370 2149370 MANAGEMENT FEES 900099 1424534 1424534 101908 101908 14731574 302255 302255 95005 10202 84803 84803 84803 MISCELLANEOUS REVENUE 900099 115 115 115 15423647 14646249 85325 387173 525250 525250 1198987 653747 542177 3063 5688032 3101396 2572107 14529 305755 166713 138261 781 642612 350384 290587 1641 462863 252376 209305 1182 32427 17681 14664 82 200321 109225 90585 511 93444 50950 42255 239 266828 266828 30444 16599 13766 79 56174 30629 25401 144 326279 177903 147542 834 611097 333200 276336 1561 1712892 1712892 447912 244224 202544 1144 40465 22063 18298 104 US SECTIONS AND STUDENT 1996794 1996794 PUBLICATIONS 1385042 1385042 MEMBERSHIP 683859 683859 OTHER EXPENSES 496993 274593 221151 1249 61327 61327 17265797 12166847 5071807 27143 3111245 1959917 3175087 4429660 2643619 2518373 21754185 15492187 6364485 6261998 21843138 24953743 693388 693388 10530698 11300899 48361660 52117978 4789293 5972311 9868868 10318548 462567 360369 15120728 16651228 X 30944682 32920168 2296250 2546582 33240932 35466750 48361660 52117978 X -1842150 2832175 1235793 X X 0 0 0 X 8641843 2198270 2446404 6639738 304900 20231155 18637798 29507773 33152519 32512035 14731574 128541699 27279641 31706043 35598923 39151773 15036474 148772854 2343 1865 5780 5790 15778 1168771 4100236 4097198 6860681 3963770 20190656 1171114 4102101 4102978 6866471 3963770 20206434 128566420 823057 796097 891045 815493 302255 3627947 823057 796097 891045 815493 302255 3627947 14255 6053 68160 2239 90707 2919917 4702 29050 27601 115 2981385 31036870 32512895 36587178 39997106 15338844 155472893 0.82690 0.84850 0.02330 0.02640 X PART III, SHORT YEAR EXPLANATION: THE AMOUNTS REPORTED IN COLUMN (E) FOR TAX YEAR 2025 REFLECT A SHORT TAX PERIOD RESULTING FROM A CHANGE IN ACCOUNTING PERIOD. THE SHORT PERIOD COVERS 4/1/2025-9/30/2025. THESE AMOUNTS WILL BE REPORTED IN THE 2024 COLUMN WHEN FILING THE FORM 990 FOR THE TAX YEAR ENDING 9/30/2026. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1085675 1085675 10243012 5960921 4282091 10425498 9531266 894232 6261998 INTEREST IN NET ASSETS OF RELATED FOUNDATION 10830970 INVESTMENTS IN SUBSIDIARIES 128337 ROU ASSET - LEASE 341592 11300899 OPERATING LEASE 360369 360369 EAST ASIA AND THE PACIFIC 1 39 PROGRAM SERVICES MEETINGS AND TRAINING COURSES 495726 EAST ASIA AND THE PACIFIC 0 0 INVESTMENT 4392786 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT 8741997 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT 7856008 NORTH AMERICA 0 0 INVESTMENT 933243 1 39 0 0 1 39 22419760 0 22419760 0 0 1 0 0 1 1 US SECTION SCHOLARSHIPS 259 525250 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED TO RECIPIENTS BASED UPON STATED QUALIFICATIONS AND ARE MONITORED THROUGH REQUIRED SUBMISSION OF GRADE AND PROOF OF ENROLLMENT. SPE'S MEMBER PROGRAMS GROUPS MONITORS THE SCHOLARSHIP AWARD WINNER'S GRADES TO ENSURE THAT THE RECIPIENT STILL QUALIFIES FOR THE SCHOLARSHIPS BASED ON GRADES AND DEGREE PROGRAM. IF THE RECIPIENT FAILS TO MEET THE GRADE REQUIREMENT AND/OR LEAVES THE FIELD OF STUDY, THE RECIPIENT IS NO LONGER AVAILABLE FOR FUTURE SCHOLARSHIPS. THIS INFORMATION IS REQUESTED ANNUALLY FOR THOSE RECIPIENTS THAT HAVE A MULTIPLE YEAR SCHOLARSHIP. SCHOLARSHIP RECIPIENTS ARE AWARDED BY VARIOUS SPE SCHOLARSHIP COMMITTEES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NONPROFIT WITH MEMBERS WHO, PURSUANT TO THE ORGANIZATION'S GOVERNING DOCUMENTS, HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. THE MEMBER RIGHTS INCLUDE: 1) TO BE REPRESENTED IN AND TO PARTICIPATE IN, THE WORK OF THE SOCIETY WITH THE RIGHT TO VOTE; 2) TO STAND FOR ELECTION, AND TO NOMINATE CANDIDATES FOR ALL OFFICIAL BODIES OF THE SOCIETY; 3) TO SUBMIT PROPOSALS TO THE SOCIETY AND TO OTHER BODIES OF THE SOCIETY; AND 4) TO ASSEMBLE IN SECTIONS OR CHAPTERS FOR THE ENJOYMENT OF THE INDIVIDUAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR FORM 990, PART VI, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B THE TEXAS BUSINESS ORGANIZATION CODE (TBOC) REQUIRES A TEXAS CORPORATION TO GO OUT TO MEMBERSHIP VOTE FOR CERTAIN APPROVED FUNDAMENTAL ACTIONS. SEC. 22.164. VOTE REQUIRED TO APPROVE FUNDAMENTAL ACTION. (A) IN THIS SECTION, "FUNDAMENTAL ACTION" MEANS: (1) AN AMENDMENT OF A CERTIFICATE OF FORMATION, INCLUDING AN AMENDMENT REQUIRED FOR THE CANCELLATION OF AN EVENT REQUIRING WINDING UP IN ACCORDANCE WITH SECTION 11.152(B); (2) A VOLUNTARY WINDING UP UNDER CHAPTER 11; (3) A REVOCATION OF A VOLUNTARY DECISION TO WIND UP UNDER SECTION 11.151; (4) A CANCELLATION OF AN EVENT REQUIRING WINDING UP UNDER SECTION 11.152(A); (5) A REINSTATEMENT UNDER SECTION 11.202; (6) A DISTRIBUTION PLAN UNDER SECTION 22.305; (7) A PLAN OF MERGER UNDER SUBCHAPTER F; (8) A SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF A CORPORATION UNDER SUBCHAPTER F; (9) A PLAN OF CONVERSION UNDER SUBCHAPTER F; OR (10) A PLAN OF EXCHANGE UNDER SUBCHAPTER F. (B) EXCEPT AS OTHERWISE PROVIDED BY SUBSECTION (C) OR (D) OR THE CERTIFICATE OF FORMATION IN ACCORDANCE WITH SECTION 22.162, THE VOTE REQUIRED FOR APPROVAL OF A FUNDAMENTAL ACTION IS: (1) AT LEAST TWO-THIRDS OF THE VOTES THAT MEMBERS PRESENT IN PERSON OR BY PROXY ARE ENTITLED TO CAST AT THE MEETING AT WHICH THE ACTION IS SUBMITTED FOR A VOTE, IF THE CORPORATION HAS MEMBERS WITH VOTING RIGHTS; (2) AT LEAST TWO-THIRDS OF THE VOTES OF MEMBERS PRESENT AT THE MEETING AT WHICH THE ACTION IS SUBMITTED FOR A VOTE, IF THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION IS VESTED IN THE CORPORATION'S MEMBERS UNDER SECTION 22.202; OR (3) THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE DIRECTORS IN OFFICE, IF THE CORPORATION HAS NO MEMBERS OR HAS NO MEMBERS WITH VOTING RIGHTS. (C) IF ANY CLASS OF MEMBERS IS ENTITLED TO VOTE ON THE FUNDAMENTAL ACTION AS A CLASS BY THE TERMS OF THE CERTIFICATE OF FORMATION OR THE BYLAWS, THE VOTE REQUIRED FOR THE APPROVAL OF THE FUNDAMENTAL ACTION IS THE VOTE REQUIRED BY SUBSECTION (B)(1) AND AT LEAST TWO-THIRDS OF THE VOTES THAT THE MEMBERS OF EACH CLASS IN PERSON OR BY PROXY ARE ENTITLED TO CAST AT THE MEETING AT WHICH THE ACTION IS SUBMITTED FOR A VOTE. (D) IF THE CORPORATION HAS NO MEMBERS OR HAS NO MEMBERS WITH VOTING RIGHTS AND THE CORPORATION DOES NOT HOLD ANY ASSETS AND HAS NOT SOLICITED ANY ASSETS OR OTHERWISE ENGAGED IN ACTIVITIES, THE VOTE REQUIRED FOR APPROVAL OF A FUNDAMENTAL ACTION CONSISTING OF AN AMENDMENT TO THE CERTIFICATE OF FORMATION TO CANCEL AN EVENT REQUIRING WINDING UP OR ANY OF THE ACTIONS DESCRIBED BY SUBSECTIONS (A)(2) THROUGH (A)(6) IS THE AFFIRMATIVE VOTE OF A MAJORITY OF THE ORGANIZERS OR A MAJORITY OF THE DIRECTORS IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS; THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, RSM US LLP, AND IS REVIEWED BY THE ORGANIZATION'S CFO. THE SPE AUDIT COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS. THE BOARD IS PROVIDED A COPY OF THE FINAL FORM 990 VIA POSTING TO THE BOARD WEBPORTAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY VIA ITS INTERNAL AUDIT PROCESSES. THE INTERNAL AUDIT DEPARTMENT MONITORS THE CONTRACTING AND DISBURSEMENT PROCESS TO ENSURE THAT NO CONTRACTS ARE ISSUED, OR PAYMENTS MADE, TO PERSONS OR ENTITIES THAT WOULD HAVE A CONFLICT OF INTEREST. SPE HAS A POLICY PROHIBITING CONFLICTS OF INTEREST. BOARD MEMBERS AND DIRECTORS OF THE ORGANIZATION ARE AWARE OF THE POLICY AND HAVE AGREED TO ABIDE BY IT. SPE REPORTS QUARTERLY TO THE SPE AUDIT COMMITTEE ANY PRE-APPROVAL OF POTENTIAL CONFLICT OF INTEREST ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE SPE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT, ANNUALLY REVIEW AND APPROVE ALL SALARY INCREASES FOR EXECUTIVE DIRECTOR AND STAFF DIRECTORS BASED ON SURVEY DATA. THE RESULTS OF THE DELIBERATIONS ARE DOCUMENTED CONTEMPORANEOUSLY BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF RELATED FOUNDATION 863,120. CHANGE IN NET ASSETS OF US CHAPTERS/SECTIONS 372,673. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. SPE EUROPE LTD 1 SANCTUARY WAY WESTMINSTER LONDON UK SW1P3JT EUROPE REGIONAL OFFICE OF SPE UK 501(C)(3) LINE 10 SOCIETY OF PETROLEUM ENGINEERS INC 1 SPE MIDDLE EAST DMCC 31ST FLOOR FORTUNE TOWER JLT DUBAI AE MIDDLE EAST, NORTH AFRICA, SOUTH ASIA REGIONAL OFFICE OF SPE AE 501(C)(3) LINE 10 SOCIETY OF PETROLEUM ENGINEERS INC 1 SPE CANADA SUITE 1225 635 8 AVE SW CALGARY ALBERTA CA T2P 3M CANADA REGIONAL OFFICE OF SPE CA 501(C)(3) LINE 10 SOCIETY OF PETROLEUM ENGINEERS INC 1 SPE ASIA PACIFIC (M) SDN BHD SUITE 1201 LEVEL 12 MENARA IGB M KUALA LUMPUR MY 59200 MALAYSIA REGIONAL OFFICE OF SPE MY SOCIETY OF PETROLEUM ENGINEERS INC C 1789358 4909054 1.00000 0 SPE BRASIL EVENTOS LTDA R DA QUINTANDA 86 SALA 201 E203 PA RIO DE JANEIRO CEP BR 20021-902 EVENTS AND CONFERENCES BR SOCIETY OF PETROLEUM ENGINEERS INC C 5359 29567 0.99900 0 SPE TRADING LTD 1 THE SANCTUARY WAY WESTMINSTER LONDON UK SW1P 3JT OIL & GAS EVENT ORGANIZING UK SPE EUROPE LTD C 1914788 2307789 1.00000 0 SPE VENTURES LTD 1 THE SANCTUARY WAY WESTMINSTER LONDON UK SW1P 3JT OIL & GAS EVENT ORGANIZING UK SPE EUROPE LTD C 4973 255369 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 SPE ASIA PACIFIC (M) SDN BHD Q 55732 FMV SPE ASIA PACIFIC (M) SDN BHD P 295713 FMV SPE CANADA Q 33916 FMV SPE CANADA P 238508 FMV SPE EUROPE LTD Q 143128 FMV SPE EUROPE LTD P 314630 FMV SPE MIDDLE EAST DMCC P 36286 FMV SPE MIDDLE EAST DMCC Q 216481 FMV