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About the Role
The Senior Reservoir Engineer will provide technical and commercial leadership in subsurface development planning and asset evaluation across a diverse asset base in multiple US basins. This role combines reservoir engineering expertise with business judgment to identify value-creating opportunities and serves as a go-to technical resource for the team.
Responsibilities
- Lead development planning and maintain drilling inventory with a multidisciplinary team to select, optimize and execute development programs
- Evaluate well spacing, parent-child interactions and completion design to optimize unit-level value
- Perform and review advanced reservoir analysis including rate transient analysis, numerical modeling and PVT/fluid characterization
- Build and maintain type curves and production forecasts across the asset base, applying statistical and risk-based thinking to understand forecast uncertainty and its business impact
- Understand the reserves implications of forecasts and development plans and support the reserves process as needed
- Identify, screen and advance commercial opportunities, including organic development, acquisitions and divestitures (A&D technical evaluation, due diligence and valuation support)
- Prepare and present economic metrics for drilling prospects, asset optimization and capital projects to support budgeting, and complete lookback economics
- Work with production engineering and geology to monitor company and offset well performance, address subsurface challenges and identify opportunities to increase production, enhance recoveries and reduce operating expenses
- Serve as a go-to technical resource, define reservoir engineering best practices and mentor engineers and analysts through peer reviews and knowledge sharing
- Manage assigned projects against plan, keeping stakeholders and decision makers informed of progress and changes
Requirements
- Bachelor of Science in Petroleum Engineering or related field
- 7+ years of reservoir engineering experience focusing on subsurface development and asset evaluation
- Strong technical expertise in rate transient analysis, PVT and numerical modeling, with a solid understanding of reserves
- Sound grasp of statistics and risk assessment, with the ability to apply them to production forecasts, asset valuations and economic decisions
- Strong commercial skills: proven ability to identify opportunities, evaluate economics and drive development decisions
Skills
- Technical Excellence
- Commercial Acumen
- Communication
- Collaboration
- Technical Leadership
- Adaptability
- A&D experience
- Experience with unconventional completions, flowback and artificial lift
- Working knowledge of SEC reserves guidelines
- Understanding of midstream, takeaway and marketing considerations
- Knowledge of engineering and economics/reserves software (ComboCurve/ARIES/PHDwin)
- Reservoir analysis tools (e.g., Whitson+)
- Data and BI tools (Spotfire, Power BI, SQL, Excel)
- Background in data analytics, programming and machine learning
Location
- Austin, TX
Work Type
- Onsite
Experience Level
- Senior
- 7+ years
Education Level
- Bachelor of Science in Petroleum Engineering or related field
Salary/Compensations
- Competitive Base Salary
Benefits
- Annual Bonus Eligibility
- 100% Employer covered health insurance premiums
- 401K with 4% employer match
About the Company
- Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London, and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins.
- Formentera is intentional and deliberate in cultivating our culture. We seek people who are not only exceptional within their own skills and aptitudes, but who also care deeply about supporting each other’s growth and embracing the value that diverse teams, ideas and opinions create. Operating with integrity and treating each other well at all times are foundational pillars at Formentera.
Equal Opportunity
- Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics.