|Location||Austin, United States|
|Date Posted||December 6, 2018|
Summary/objective: The corporate reserves engineer is a key member of a team that coordinates the year-end reserves process and quarterly updates, ensures reserves compliance with all regulations and interfaces with area development team and third party reserve auditors, monitors and analyzes reserve changes, tracks economics inputs and prepares reconciliations and reports for senior management, accounting and financial auditors.
Assist with fiscal year-end reserves process and quarterly reserve updates
Assist reservoir engineering efforts in SEC reserves analysis, reconciliation and documentation and support the Area Team Reservoir Engineers as needed
Assist in preparation of Proved, Probable, Possible and Contingent reserve evaluations and coordinate data transfer and comparison with third party reserve auditors
Monitor and analyze reserve change, based on production performance and drilling and workover activities, including revisions, additions, as well as acquisitions and divestitures
Work with Senior Corporate Reserves Analyst to revise and maintain Reserves database
Preparation of quarterly and year end reserves processes including:
Well production performance forecasts
Production reference prices and differentials, energy content in conjunction with marketing and accounting
Shrink and yield analysis in conjunction with marketing and accounting
Capex – annual review and analysis of capital
Asset retirement obligation(ARO) – maintain abandonment costs for yearly reporting
Preparation of quarterly and yearly reconciliations and reports for senior management, accounting, third party auditors
Non-operated activity tracking and reserves forecasting and economics
Preparation of economic valuations as necessary for acquisitions, divestitures and trade activities for accounting
Knowledge, Skills, and Attributes:
Experience in oil and gas reserve estimations using SEC rules, decline curve analysis and economic evaluations
Direct work experience and proficiency with economic evaluations software (Aries)
Position requires a strong analytical and problem solving skill set utilizing sound engineering principles
Ability to communicate and work effectively with a multi-disciplined team including geologists, landmen, engineers, and technicians
Supervisory responsibilities: None
Work Environment: The environment in which the job is performed, especially any unique conditions outside a normal office environment.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines . On occasion this position may be required to go to the field and monitor activity, therefore being exposed to wet and/or humid conditions, fumes or airborne particles, cold weather, extreme heat, and vibration.
Physical Demands: This is largely a sedentary role: However, while performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand; walk; use hands and arms to reach. The worker is also required to have close visual acuity for viewing a computer terminal, reading, transcribing, and preparing and analyzing data and figures.
Position type and expected hours of work: This is a full-time position, and typical work hours are Monday-Friday 7:00 a.m. to 4:00 p.m. or 8:00 a.m. to 5:00 p.m. Some flexibility in hours is allowed, but the employee must be available during the “core” work hours. During quarterly and annual reporting time periods, flexibility with additional work hours is required.
Travel: During the typical workweek the position does not require day trips that are out of the area, or any overnight stays.
Bachelors of Science in Petroleum Engineering is preferred
Minimum of 8 years of industry related experience with demonstrated knowledge of reservoir engineering techniques and skills
Affirmative action plan/equal employer opportunity (AAP/EEO) statement: Parsley Energy is an Equal Opportunity Employer. All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, marital status, national origin or ancestry, age, physical or mental handicap unrelated to ability, or an unfavorable discharge from military service.
Disclaimer: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice