|Location||Denver, United States|
|Date Posted||June 25, 2018|
A brief description summarizing the overall purpose and objectives of the position and the results the worker is expected to accomplish.
The Director is responsible for providing overall leadership for the determination of the Company’s SEC proved reserves and PV10 value, semi-annual bank reserve reports, non-proved reserve estimate ranges, detailed reservoir engineering studies, operational technology and process management, production reporting and to be a leader in evaluating potential new oil and gas related technological innovations and to work alongside PDC’s executive team in championing a culture of innovation throughout the Company’s activities. Responsibilities also include corporate look back analysis from capital investment programs, partner with business development and assets teams to assess technical and economic valuations for potential asset acquisitions, divestitures and trades, and collaborate with asset teams in developing area specific type curves. This is a visible position with regular interface with PDC’s leadership teams, multiple internal departments and key external banking and third-party reserve engineering companies.
The tasks, duties, and responsibilities of the position that are most important to get the job done.
Direct supervision of our Corporate SEC proved reserve determination and PV10 assessment, including working closely with our internal teams and third-party reserve engineers;
Work alongside our banking group to coordinate semi-annual bank reserve reports and meeting agendas;
Lead assessment of the company’s non-proved reserve ranges including PRMS valuations;
Lead various in-depth reservoir engineering studies to assess hydrocarbon resources, reservoir modelling, Fekete evaluations, phase behavior, well spacing assessments and potential recovery factors at various development scenarios;
Work alongside asset and business development teams in developing various type curve assessments;
Work alongside our asset and business development teams to update inventory estimates on an annual basis;
Work alongside our business development teams to assess type curves, reserves and valuation ranges for acquisitions, divestitures and trades;
Lead corporate-level economic look-back processes and assessments and communicate findings to internal stakeholders;
Coordinate PDC’s Annual Technology Transfer Meeting;
Provide oversight to our Operational Technology and Process Management teams to support the optimization of the Peloton and Generwell Systems;
Provide oversight for all production reporting at PDC including CO and TX state reports as well as various recurring internal production reports that support other departments;
Provide leadership in fostering a culture of innovation at PDC across all areas of the company including working alongside our leadership teams in assessing future disruptive technologies targeted at increasing capital efficiency and cash margins;
Attend Technology conferences each year to assess the potential impacts of new technical innovations within the oil and gas industry;
Frequent presentations to the executive team in areas of Reserves and Technology;
Work closely with peers to foster team atmosphere on multi-departmental projects.
KNOWLEDGE, SKILLS AND ATTRIBUTES
The specific minimum competencies required for job performance.
A seasoned oil and gas industry professional who has a demonstrated track record of leadership in corporate reserves and technology;
A respected leader with the ability to effectively communicate to PDC’s leadership teams, internal departments, direct reports, as well as key external contacts;
Mature and confident with the ability to understand and analyze complex strategic, financial, and technical issues and then communicate to others so they are easily understood;
A well-rounded businessperson with good interpersonal skills and the ability to interact with individuals with diverse cultural backgrounds, and at all levels of the organization;
Proven successful experience with coaching, mentoring and developing teams to accomplish goals;
An individual with a high level of initiative and collaboration;
A highly respected individual who demonstrates honesty and integrity as daily values;
Superior interpersonal, communication, and technical skill sets.
The scope of the person’s authority, including a list of jobs that report to the incumbent.
This position currently supervises 5 direct reports including: Manager of Reserves / Reservoir Engineering, Manager Production Reporting, Manager Operations Technology and Process Management, Reservoir Engineers - Wattenberg and Delaware as well as approximately 10 indirect reports.
The environment in which the job is performed, especially any unique conditions outside a normal office environment.
Consistent with that of a normal office environment;
Attend industry reserve and technology conferences on an annual basis;
Minimal travel required overall.
The minimum level of education, experience, and certifications required to perform the job.
Minimum requirement of Bachelor’s degree in Engineering - Petroleum or Chemical preferred;
Approximately 20 years’ experience in the oil and gas industry with minimum of 10 years participating / leading corporate reserve assessments;
Experience at leading / evaluating technically innovative projects in the oil and gas industry that have increased capital efficiency, cash margins and value;
Familiarity with the DJ (Wattenberg) and Delaware Basins.
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