Development Engineer – Reservoir & Production

Pennhills Resources, LLC; State College, Northern (Centre County, KY); Hybrid; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

FSA/HSA

Life Insurance

Short-Term Disability

401K Roth

Paid Time Off

Job summary

Pennhills Resources, LLC is seeking a Development Engineer – Reservoir & Production in State College, PA. The role combines reservoir analysis, economic evaluation, data analysis, and field operations to maximize asset value.

Ideal candidates have 3–5 years of upstream oil & gas engineering experience, a strong engineering background, and hands-on field experience. Hybrid/remote flexibility applies based on business needs, with about 85% office and 15% field work.

Qualifications

• Bachelors degree in petroleum engineering or related field.
• 3–5 years of upstream oil & gas engineering experience.
• Strong reservoir engineering fundamentals: DCA, forecasts, reserves, EUR.
• Experience evaluating development, drilling, recompletion, or workover opportunities.
• Exposure to production operations and field optimization.
• Proficient Excel, analytics, and problem-solving skills.

Responsibilities

• Evaluate assets to identify drilling, recompletion, workover and development opportunities.
• Perform decline curve analysis, production forecasting, EUR estimation, reserves, type curves.
• Develop multi-year development plans and rank opportunities by ROI and risk.
• Coordinate with geology, land, drilling, and operations to mature prospects.
• Develop cost-effective reservoir monitoring and data analysis programs.
• Collaborate with cross-functional teams to maintain budgets and forecasts.

Skills

Upstream oil & gas

Reservoir engineering

Excel & data analysis

Technical communication

Education

B.S. in petroleum engineering or related

Tools

ARIES

PHDwin

ComboCurve

Enverus

Spotfire

Other analytics tools

Job description

Pennhills Resources is seeking a full-timeDevelopment Engineer – Reservoir & Production to identify and execute development and production optimization opportunities across our growing asset base. The ideal candidate will have 3–5 years of upstream oil & gas experience, a strong engineering background, and hands‑on field/operations experience. This role combines reservoir analysis, economic evaluation, production data analysis, and field operations while working closely with geology, land, drilling, operations, finance, and senior management to maximize the value of Pennhills Resources assets.

Workplace & Location

• Primary Location: State College, PA
• Travel as needed to Kane, PA
• Hybrid/remote flexibility based on business needs
• Approximately 85% office / 15% field
• Field visits throughout Pennhills' operating areas

Essential Duties and Responsibilities

Reservoir Engineering & Development

• Evaluate producing and undeveloped assets to identify drilling, recompletion, workover, and other development opportunities.
• Perform decline curve analysis, production forecasting, EUR estimation, reserve evaluations, and type-curve development.
• Generate and mature development prospects in coordination with geology, land, drilling, and operations.
• Develop multi-year development plans and rank opportunities based on production, reserves, capital requirements, risk, and economic return.
• Develop technical assumptions for new projects, including IP, decline parameters, EUR, production profiles, CAPEX, and LOE.
• Track actual well performance against forecasts and incorporate lessons learned into future development plans.
• Develop cost-effective reservoir monitoring and surveillance programs. May include acquiring and analyzing data to define characterization including decline curve analysis and PTA.
• Work cross-functionally to maintain long term budget forecasts and update type curve and expense forecasts regularly.

Production & Operations

• Partner with field operations to optimize production and asset performance.
• Evaluate opportunities involving artificial lift, pressure and drawdown management, compression, workovers, wellhead/flowline constraints, and facility optimization.
• Analyze production underperformance and identify root causes and corrective actions.
• Evaluate inactive wells and recommend whether to reactivate, work over, leave shut-in, or plug and abandon based on economic return, risk, and strategic value.
• Work directly with field personnel to identify and implement practical production improvements.

Economics & A&D

• Build technical and economic evaluations for drilling, workovers, production optimization projects, and acquisitions.
• Support acquisition and divestiture due diligence by evaluating production, reserves, decline trends, operating costs, development upside, and technical risks.
• Work with finance to incorporate engineering assumptions into budgets, forecasts, and investment models.
• Evaluate projects using metrics such as IRR, NPV, payback, reserves, production, and capital efficiency.
• Monitor project performance against original underwriting assumptions.

Cross-Functional Leadership

• Serve as a technical bridge between engineering, geology, land, operations, finance, and management.
• Present technical findings and recommendations clearly to both technical and non-technical audiences.
• Help prioritize capital and development opportunities across Pennhills’ asset base.

Knowledge, Skills and Abilities

Required

• Bachelor’s degree in petroleum engineering, or related engineering discipline.
• 3–5 years of upstream oil & gas engineering experience.
• Strong Reservoir Engineering fundamentals, including DCA, production forecasting, reserves, and EUR estimation.
• Experience evaluating development, drilling, recompletion, or workover opportunities.
• Meaningful exposure to production operations and field optimization.
• Strong Excel, analytical and problem-solving skills.
• Ability to translate technical analysis into practical business recommendations.
• Must be a U.S. citizen, national, permanent resident, or otherwise authorized to work in the United States

Preferred

• Minimum 3 years conventional oil & gas experience; Appalachian Basin experience a plus.
• Specialized coursework in petroleum economics, reservoir rock characteristics preferred.
• Experience with PDP/PUD reserves.
• A&D / due diligence experience.
• Experience with artificial lift, workovers, compression, or production optimization.
• Experience with ARIES, PHDwin, ComboCurve, Enverus, Spotfire, or similar software.

Benefits Package

• Health Insurance for you and your family,
• Dental Insurance for you and your family
• Vision Insurance for you and your family
• Flexible Spending Account/ Health Savings Account
• Life Insurance
• Short-Term Disability
• 401K Roth
• Paid Time Off