Reservoir Engineer

Ascent Resources; Oklahoma City (OK); On-site; USD 110,000 - 180,000; Full time

Benefits offered by this job

401(k) company matching

PTO

Tuition assistance

Half-day WFH Fridays

Paid holidays

On-site gym

Job summary

Ascent Resources is seeking an experienced Reservoir Engineer based in Oklahoma City, OK. The role involves assessing oil and gas deposits, estimating reservoir size, and determining reserves. You will run models, perform calculations, and support business and development planning to add value to the company.

Responsibilities include engineering evaluations, quarterly reserves reporting per SPEE/SEC, and leading A&D asset evaluations while maintaining compliance with company policies.

Qualifications

• Bachelor of Science in Petroleum Engineering or related engineering discipline.
• 5+ years related work experience; 3+ years reservoir engineering experience preferred.
• Master’s degree or PE License (preferred).
• Proficient in reservoir engineering with knowledge of operations, marketing, land, and geology.
• Experience with SPEE and SEC reserve reporting guidelines.

Responsibilities

• Assist asset teams in efficient and timely development of inventory.
• Conduct technical evaluations to identify improvement opportunities.
• Complete quarterly reserves evaluation for the asset in accordance with SPEE and SEC requirements.
• Perform and lead asset evaluations for A&D opportunities.
• Perform related duties as assigned by supervisor.
• Maintain compliance with all company policies and procedures.

Skills

Reservoir Engineering

PVT analysis

Rate-Transients

ARIES

Harmony/Whitson

Communication

Microsoft Office

Education

B.S. in Petroleum Engineering

5+ years relevant experience

PE License (preferred)

Tools

ARIES

Harmony

Whitson

Job description

Ascent Resources is seeking an experienced Reservoir Engineer. This position is located in Oklahoma City, OK and will report to the Manager – Reservoir Engineering.

This position assesses oil and gas deposits, estimates the size of a reservoir, and determines how much oil and gas reserves are in the reservoir. The Reservoir Engineer runs models and performs calculations as well as assists in business and development planning to add value to the company.

Primary Duties & Responsibilities

• Assists the asset teams in efficient and timely development of inventory
• Conducts technical evaluations to identify improvement opportunities
• Completes quarterly reserves evaluation for the asset in accordance with defined SPEE and SEC requirements
• Performs and leads asset evaluations for A&D opportunities
• Performs related duties as assigned by supervisor
• Maintains compliance with all company policies and procedures

Knowledge, Skills & Abilities

Minimum Requirements:

• Proficient in all areas of Reservoir Engineering with foundational knowledge of operations, marketing, land, and geology
• Experience with unconventional/resource play economics, production type curve analysis, PVT behavior, rate-transient analysis, and analytical modeling
• Knowledge of SEC and SPEE reserve reporting guidelines and their application
• Strong working knowledge of industry economic software-preferably ARIES
• Experience with Harmony and/or Whitson software suites

Preferred:

• Ability to manage multiple tasks and efficiently prioritize work to meet deadlines
• Ability to proficiently utilize technical and administrative personnel resources
• Ability to work independently and accomplish tasks with minimal supervision
• Outstanding verbal and written communication skills as well as presentation skills
• Proficiency in Microsoft Office Suite

Education & Work Experience Required

Minimum Requirements:

• Bachelor of Science degree in Petroleum Engineering or related engineering discipline
• 5+ years related work experience, 3+ years reservoir engineering experience preferred

Preferred:

• Master’s degree or PE License

Ascent Benefits

• Benefits start day one
• Generous 401(k) company matching program – 10% company matching 401(k) dollar for dollar, plus 3% non-elective 401(k) contribution
• PTO based on industry or job-related experience
• Tuition assistance after 1 year
• Half-day WFH Fridays
• Twelve paid holidays
• Many volunteer opportunities
• On-site gym and yoga studio

Ascent Resources provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Ascent complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.