Director - Corporate Reserves — Houston, Texas

at Marathon Oil
Location Houston, Texas
Date Posted January 19, 2016
Category Reservoir Engineer
Job Type Permanent
Min. Years Experience Required 10


The Director of Corporate Reserves acts as a central and independent authority to manage all aspects of the corporate SEC and other reserves and resource reporting functions. This Director will report to the VP, Technology and Innovation and will manage a staff of  reservoir engineers, geoscientists and analysts. The Director will ensures SEC regulatory compliance for the year end reserves report and contributes to the preparation of company 10-K reserves disclosures.

The position is also responsible for: managing  the corporate reserves staff and the development of their skills and competencies as well as overseeing training of all Qualified Reserve Estimators in the company in reserve and resource estimation techniques; serving as the Corporate Reserve Database (VOLTS) owner and overall manager of the reserves database; fielding internal and external commercial, legal and regulatory data requests, audits and or interrogatories relating to reserves; preparing professional presentations; keeping abreast of regulatory changes and industry trends relating to reserves; and providing frequent review and advisement to upper management and asset team members on reserve and resource related matters.


Key Responsibilities:

  • Compilation of probable and possible reserves and resource estimates based on PRMS guidelines
  • Oversight and compilation of SMOG reports
  • Preparation of other external reserve reports (ie:EIA-23L )
  • Preparation of reserves reports for DD&A calculations
  • Coordination of the year end third party engineering reserves audits
  • Ensure SOX reserves process compliance
  • Preparation of additional reserves reports to satisfy internal requirements and contractual covenants



  • Minimum of a BS in petroleum engineering or a related field
  • Minimum of 10 years of reserves evaluation experience, preferably in multiple production basins
  • Knowledge of both conventional and unconventional reserve evaluation
  • Proficient in the interpretation and application of SEC reserves rules and PRMS guidelines
  • In depth understanding of the Standardized Measures of Oil and Gas (SMOG) process
  • Familiarity with VOLTS and BOBJ (Marathon's Reserve System and Reporting Tool) and knowledge of reservoir evaluation and modeling programs and ARIES is desirable
  • Membership in the SPE, AAPG and or SPEE, desirable
  • Professional Engineering Certification, desirable
  • Travel Required: 10% or less

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