Abstract: An in process fluid delivery reservoir and method is disclosed for continuously filtering particulate matter and oils from industrial fluids, such as coolants, oils, aqueous emulsions, etc., which are necessary in the operation of machine tools. The reservoir utilizes a primary containment area with a primary chip screen and a first baffle to trap much of the particulate matter and contain tramp oil. The reservoir also contains secondary and tertiary containment areas which utilize upper and bottom baffles to further trap the particulate matter and tramp oils, when said reservoir is utilized with aqueous emulsion. The industrial fluid remaining in the tertiary containment area is ready to be delivered to the machine tool for reuse.