Reverse micelles formulation requires an inclusion of water or other polar molecules in the binary mixture of ionic surfactant and oil and generally exhibit spheroid geometry with a small aggregation number. Here, we report structure and rheology of charge-free (nonionic) reverse micelles in surfactant/oil systems. We have systematically investigated intrinsic parameters for the shape, size, and internal cross section structure control of such micelles using small-angle X-ray scattering (SAXS) and the rheometry. We found that diglycerol monomyristate (C14G2) when added into an aromatic organic liquid phenyloctane, spontaneously self-assembles into spheroid micelles with maximum diameter ca. 6.7 nm. Decrease in surfactant chain length favors globular-to-rod type transition and micellar aggregation number (N(agg)) increases significantly. On the other hand, increase in surfactant weight fraction induces one-dimensional (1-D) micellar growth; N(agg) increases in parallel to the surfactant concentration. Reverse micelles shrink with the rise of temperature, which is close to the rod-to-sphere type transition. However, water causes a significant micellar growth; N(agg) increases drastically, which shows that water not only increase reverse micellar size but also increases the number of surfactant molecules per micelle. All these microstructure transitions could be understood in terms of the modification of the critical packing parameter (cpp). The SAXS results are very well supported by the geometrical model fittings and rheometry.