($ in Thousands)

2007
PETROLEUM
RESEARCH FUND

Statement of Financial Position ASSETS Cash and Cash Equivalents Accounts and Pledges Receivable Inventories Investments Interfund (Payable) Receivable Collateral Held Other Buildings, Land, and Other Property Total Assets

LIABILITIES AND NET ASSETS LIABILITIES Accrued Expenses and Accounts Payable Deferred Revenues Long-Term Debt Postretirement Benefits and Other Collateral Payable Total Liabilities NET ASSETS Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Total Liabilities and Net Assets

$ 53,262 71,348 7,022 400,898 ( 11,329) 50,621 12,745 101,136

$ 685,703

$ 6,147

15 -

599,106

11,329

17,237 38 -

$ 633,872

$ 59,409

71,363

7,022 1,000,004

- 67,858 12,783 101,136

$ 1,319,575

$ 67,974 52,995 6,751 966,119

- 72,098 21,961 93,760

$ 1,281,658

$ 57,607 113,204 33,245 134,913 50,621 389,590

$ 141

-

- 12,340

17,237

29,718

$ 57,748 113,204 33,245 147,253 67,858 419,308

$ 58,539 101,473 36,980 63,502 72,098 332,592

247,406 26,402 22,305

296,113 $ 685,703

- 531,654 72,500

604,154 $ 633,872

247,406 558,056 94,805

900,267 $ 1,319,575

312,326 542,731 94,009

949,066 $ 1,281,658

Statement of Activities REVENUES Electronic Services Printed Services Advertising Dues Registration Fees and Booth Sales Member Insurance Premiums Investment Income Other Net Assets Released from Restriction Total Unrestricted Revenues

EXPENSES
Information Services
Member Programs and Services
Member Insurance Program
Grants and Awards
Administrative
Other
Total Expenses
Net Contribution
Net Investment Gains
Over Funded Pension and Other
Cumulative Effect of the Adoption of FAS 158
Change in Unrestricted Net Assets
Contributions
Net Investment Gains
Net Assets Released From Restriction
Transfer of Net Assets
Change in Restricted Net Assets
Change in Total Net Assets
Beginning Total Net Assets
Ending Total Net Assets

$ 335,305 43,592 13,663 12,407 12,277 14,626 12,864 7,491 4,034

456,259

$ -

- - - -

- 450

- 30,357 30,807

$ 335,305 43,592 13,663 12,407 12,277 14,626 13,314 7,491 34,391

487,066

$ 312,111 47,620 13,544 12,233 12,554 11,723 11,976 7,269 30,809

459,839

336,680 41,530 14,268 2,228 40,379 10,431

445,516

10,743

13,835

- (89,498) (64,920)

3,075 3,303 ( 4,034)

239

2,583

(62,337)

- -

- 28,941 1,866

-

30,807

- - - - -

- 44,170 ( 30,357)

(275)

13,538

13,538

336,680 41,530 14,268 31,169 42,245 10,431

476,323

10,743

13,835

- (89,498) (64,920)

3,075 47,473 ( 34,391)

( 36)

16,121

(48,799)

321,803 38,543 13,796 27,539 38,409 8,218

448,308

11,531 27,637 32,350

-

71,518 2,805 78,774

( 30,809)

(462)

50,308

121,826