Reservoir Engineer

Verdun Oil Company; Houston (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

A leading oil and gas firm in Houston, TX seeks a Reservoir Engineer to manage oil and gas asset reserves. The role requires preparing databases for reserves-based lending and auditing, alongside generating production forecasts. Candidates must have a Bachelor’s degree in petroleum engineering and 3-7 years of reservoir engineering experience. Proficiency in relevant software like Aries and Power BI is required. Join a supportive environment focused on innovation and collaboration.

Qualifications

• 3-7 years of reservoir engineering experience or an equivalent combination of education and experience.
• At least 1 year of experience with reserves management and type-curve generation.
• Strong understanding of oil and gas Lease Operating Statements.

Responsibilities

• Prepare reserves-based lending (RBL) databases and materials.
• Generate and update well production forecasts and type-curves.
• Prepare year-end reserve materials for 3rd-party audit purposes.

Skills

Reservoir engineering

Oil and gas operations

Forecasting well production

Understanding midstream contract structures

Data analysis

Education

Bachelor’s degree in petroleum engineering

Tools

Aries

Excel / VBA / Power Pivot

SQL

DCA software (Aries, ComboCurve)

Power BI

Job description

Join our team and shape the future with us! At Verdun Oil Company, we believe in empowering our employees to innovate, grow, and make a real impact. Whether you’re just starting out or looking to advance your career, you’ll find a supportive, collaborative environment where your talents are valued and your contributions make a difference. Discover endless opportunities to learn, lead, and succeed with us!

Houston, TX
Full Time

Description:

This position is responsible for oil and gas asset reserves management for the Company. The candidate will generate and manage internal oil and gas reserves for both reserves-based lending (RBL) and the year-end 3rd‑party audit. A successful candidate must possess a strong understanding of oil and gas company operations, midstream contract and fee structures, and oil and gas lease operating statements (LOS).

Essential Duties and Responsibilities

To perform this job successfully, an individual must be able to perform the following satisfactorily:

• Prepare reserves-based lending (RBL) databases and materials
• Generate and update well production forecasts and type‑curves
• Prepare year‑end reserve materials for 3rd‑party audit purposes
• Prepare reserves reconciliations and document changes to reserves
• Interface with asset teams, midstream, and finance to understand well‑performance, costs, and fees
• Present any findings internally and externally
• Manage engineering communications related to the lender syndication process for the RBL process
• Must meet demanding schedules and execute on timely deliverables
• All other duties and tasks assigned by the direct supervisor or manager

Qualifications & Skills

The qualifications and skills listed below represent those required to complete the essential duties listed above successfully.

Education/Experience

• Bachelor’s degree in petroleum engineering from an accredited university or college.
• 3‑7 years of reservoir engineering experience or an equivalent combination of education and experience.
• At least 1 year of experience with reserves management and type‑curve generation.
• Strong understanding of oil and gas operations.
• Strong understanding of midstream contract and fee structures.
• Strong understanding of oil and gas Lease Operating Statements.
• Strong understanding of Oil and Gas databases and software.
• Ability to accurately forecast well production and type‑curves.

Mathematical Ability

Process complex mathematical calculations. Understand and recognize relationships and outputs from large and complex data sets, with a solid ability to analyze and generate conclusions from that data.

Computer Skills & Software

Strong knowledge of Aries, Excel / VBA / Power Pivot / Data Models, SQL / Other databases, DCA software (Aries, ComboCurve), Enverus, IHS suite, RTA, Spotfire, and Power BI.