Petroleum Engineer Associate - Houston

at CIBC
Location Houston, United States
Date Posted September 13, 2016
Category Petroleum Engineer
Job Type Permanent

Description

CIBC World Markets is the Capital Markets and corporate banking arm of CIBC, providing a range of integrated credit and capital markets products, investment banking, and merchant banking to clients in key financial markets in North America and around the world. We provide innovative capital solutions and advisory expertise across a wide range of industries as well as top-ranked research for our corporate, government and institutional clients.

In the US, CIBC is among the fastest growing investment banks, with exceptional strengths in underwriting, M&A advisory, equity research, high yield and structured products. With strong investment banking roots and solid corporate banking support from its parent, CIBC, the investment banking operations are uniquely positioned to help our clients achieve their most ambitious goals. We combine the global resources of a top-tier investment bank with the client-centered focus of a smaller, entrepreneurial firm.

 

Job Purpose

CIBC Griffis & Small seeks a Petroleum Engineer Associate to assist with full-market competitive bid processes, work in emerging resource plays, learn the A&D business firsthand, and expand the network of oil and gas contacts.  We are a transaction advisory company in the E&P business. We have been in business for over 12 years and have completed more than $20 billion in transactions. Most transactions are in the range of $100 to $500 million. The company was acquired by CIBC in 2012. Being part of a worldwide, established financial institution offers access to a larger client base and enhances our product offerings. As a staff engineer, you will assist with full-market competitive bid processes, work in the most active emerging resource plays, enhance technical evaluation skills, learn the A&D business firsthand, and dramatically expand your network of oil and gas contacts.

 

 

Key Accountabilities

Proposal Preparation

  • Utilize online sources (e.g., IHS Energy, Company websites, PLS, State and company websites, Google, etc.) to gather information on prospective clients’ company / assets
  • Review online sources to determine active / key players in region
  • Incorporate findings in internal presentation to CIBC personnel prior to initial meeting with initial client
  • Assist with technical materials for project pitch presentations

 

Data Gathering

Assess data needs (maintaining CIBC data request list and customizing as necessary based on the project objectives)

  • Potential travel to clients’ office to meet with technical and management personnel to go through data request list and product review
  • Champion data gathering process; portable hard drive for onsite data access; ftp site (for client) setup to obtain information from clients after we leave their office

 

Engineering Evaluation

  • Creation of type curve well population and regional type curve database (from IHS public data)
  • Determination of appropriate reserve models for drilling opportunities, understand why play is over/underperforming, identifying drivers for reservoir performance, ie. become an expert in the play
  • Assisting with research (e.g., reviewing well histories, ongoing field activity)
  • Identifying various subsets of wells (vintage, completion groupings, stimulation size, etc.) to perform sensitivities
  • Obtaining public filings (e.g., field orders), production data
  • Reviewing well performance versus geologic parameters (structural position, pay thickness)
  • ARIES (PDP forecasting, type curve fit determination, working closely with Engineering Technician to ensure accuracy in ARIES runs)
  • Ultimately providing a detailed technical and commercial evaluation with a full development plan in an ARIES database

 

Geoscience Evaluation

  • Ensuring consistency between Petra and ARIES databases (existing wells and future opportunities)
  • Exporting data for Petra imports (cumulative production, estimated ultimate recoveries, producing formations, etc.)
  • Original oil in place determinations

 

Land and Commercial

  • Securing lease schedules from client
  • Building rig schedules from engineering-generated opportunity lists (determining ownership, drilling requirements to avoid expirations, continuous drilling obligations, pooling provisions, etc.)
  • Financial analysis assistance: LOS review for LOE, differentials, Shrink, BTU, production tax assumptions

 

Marketing and Material

  • Assistance with buyers list (active operators in area, public company research)
  • Assistance with pulling comparable transactions
  • Assisting with creating Executive Summary (reserve summary table, opportunity counts, key project attributes)
  • Assisting with creating Evaluation Brochure to convey the basis for all projections (production, pricing, upside potential, capital, etc.)
  • Assisting with compiling backup materials – AFE examples, map interpretations, etc.
  • Participating in weekly marketing updates to the client

 

Data Room

  • Presenting the technical material live in the data room to multiple participating companies
  • Following up on all questions not addressed in the data room
  • Responsible for monitoring ongoing field activity / production and communicating this information to prospective buyers via ftp site / email
  • Responding to follow-up data requests from prospective buyers

Assisting in bid valuation analysis

 

Desired Skills and Experience

BS in Petroleum Engineering

ARIES, Petra, Microsoft Office programs

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