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Reserves Engineer - Dallas

Dallas, TX 75201

Posted: 01/24/2024 Employment Type: Direct Hire Industry: Positions Job Number: 128384 Pay Rate: $150000 / year

Job Description

Reserves Engineer Job Responsibilities:

• Assist with fiscal year-end reserves process, semi-annual bank redeterminations, and quarterly reserve updates

• Assist reservoir engineering efforts in reserves analysis, reconciliation and documentation

• Assist in preparation of Proved, Probable, Possible and Contingent reserve evaluations and coordinate data transfer and comparison with third-party reserve auditors and engineers

• Monitor and analyze reserve changes, based on production performance, drilling and workover activities, including revisions and additions, as well as acquisitions and divestitures

• Work with Business Analyst and Engineers to revise and maintain Reserves database year round

• Preparation of quarterly, semi-annual and year-end reserves processes including:

o Production and forecast updates within PHDWin

o LOE analysis and updates

o Production reference prices and differentials, energy content in conjunction with marketing and accounting

o Shrink and yield analysis in conjunction with marketing and accounting

o Annual review and analysis of capital

o Asset retirement obligation (ARO); maintain abandonment costs for yearly reporting


• Bachelor of Science in Petroleum Engineering is strongly preferred

• A minimum of 8 years of industry related experience with demonstrated knowledge of reserves and the management and reporting processes thereof is required


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