Reservoir Engineer, Business Development, Houston

at Oasis Petroleum
Location Houston, United States
Date Posted April 24, 2017
Category Reservoir Engineer
Job Type Permanent
Min. Years Experience Required 6


This individual is needed to review and evaluate new business opportunities, incorporating reservoir, operations and geology into economics and development plans of assets.  The successful candidate will prepare technical evaluations and presentations for senior management and /or potential buyers. Critical to successful execution will be the identification of downside risks and upside opportunities. This position is located in downtown Houston, TX.  Level and salary commensurate with experience.

Essential Job Functions:

  • Analyze operational and financial data and incorporate this into integrated economic models (ARIES/Enersight platform)
  • Build production profiles for economic modeling based on EUR distributions of horizontal and vertical wells (Rose method), tie to OOIP and recovery factor assumptions, history match, well spacing analyses, rig options and capital and LOE requirements
  • Develop LOE premise for acquisitions and assess LOS
  • Identify key reservoir engineering issues associated with opportunities under evaluation and provide guidance to the team and senior management
  • Proficient conventional and un-conventional production decline analysis
  • Integrate geological, reservoir, land and production data into economic model
  • Collaborate to assist with the identification of acquisition opportunities and the associated technical, commercial, and strategic merits and risks
  • Assist in the development of geologic model for OOIP estimation
  • Estimate reserves (familiar reserves definitions and requirements)
  • Coach, motivate and develop junior staff in order to improve their skills to fulfill their job requirements
  • Conduct technical training to explain reservoir engineering concepts and share technical knowledge with the team
  • Involvement in data room evaluations

This job description is not intended to be an all-inclusive list of duties and responsibilities of the position. Incumbents will be required to follow any other job-related instructions and duties outside of their normal responsibilities as assigned by their supervisor. 

Minimum Qualifications:

  • Bachelor's Degree in Engineering
  • 6 year's relevant reservoir engineering or asset management experience
  • Proven track record of exceptional collaboration and project management skills
  • Exposure to new venture identification, evaluation, and acquisitions or divestments
  • Strong understanding of production, reservoir engineering and development concepts, especially in unconventional resources
  • Highly proficient in Excel and Aries, experience in discounted cash flow economic modeling and industry fiscal terms
  • Knowledge of related disciplines, e.g. geophysics, petrophysics, facilities, drilling, completions production operations, commercial and business issues
  • Professional and skilled communicator
  • Exposure to multiple US basins (Lower 48)
  • Willingness and ability to travel
  • Physical Requirements and Working Conditions:  Must possess the ability to work in a standard office setting and to use standard office equipment, including a computer, copier, files, telephone, and fax; maintain attention to detail despite interruptions; vision to read printed materials and a computer screen, and hearing and speech to communicate in person and over the telephone


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Preferred Qualifications:

  • Bachelor's Degree in Petroleum Engineering
  • 10+ year's relevant reservoir engineering or asset management experience
  • Experience in Williston Basin and other oil-weighted Lower 48 basins
  • Significant experience in unconventional resource development
  • Proficient user of Spotfire
  • Exposure to Enersight and Kingdom
  • Exposure to unconventional multi variate analysis to identify key performance drivers

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