Reservoir Engineer: Development Planning & Economics Lead

Blackbeard Operating, LLC

Fort Worth (TX)

On-site

USD 120,000 - 180,000

Full time

5 days ago

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Job summary

Blackbeard Operating, LLC seeks a Reservoir Engineer to support development planning and operations across its Central Basin Platform assets. This role emphasizes maximizing returns on development capital through rigorous analysis, disciplined execution, and clear communication with geologists, drilling, and operations teams.

You will lead economic analyses, design development tests, translate insights into development plans, and maintain capital allocation models.

Qualifications

BS in Petroleum Engineering or related discipline.
5–10 years of reservoir engineering experience with exposure to both development and operational assets.
Advanced proficiency in Excel and ComboCurve; experience with ARIES, AFE Navigator, Petra, Carte, Power BI, or Spotfire preferred.
Experience with Python or SQL for data analysis is a plus.
Strong understanding of production analysis, decline and type curve modeling, pressure/transient analysis, and economic evaluation.

Responsibilities

Lead well-level and program-level economic analysis using ComboCurve, Excel, and internal tools.
Design and evaluate development tests (spacing, stagger, completion design) and well and pad lookbacks; quantify results and incorporate them into type curves, inventory, and development sequencing.
Generate and translate reservoir insights (spacing, completions, type curves, and EUR degradation) into actionable development plans.
Maintain and update capital allocation models to ensure optimal sequencing and project prioritization.
Partner with the drilling and operations teams to stay ahead of the rig schedule and maintain steady program execution.
Support AFE generation, budget forecasting, and monthly capital reporting using AFE Navigator and Power BI.
Track actual versus planned well performance, costs, and economics to identify areas for improvement.
Communicate performance metrics and development updates clearly to management and cross-functional teams.
Work closely with the Reservoir Performance & Modeling team to integrate analytical insights into planning and execution.
Coordinate with geologists to ensure development plans align with geological interpretation and reservoir quality.
Collaborate with drilling and completions engineers to optimize well designs, schedules, and cost efficiency.
Serve as the primary liaison between the Reservoir group and Operations for development planning workflows.
Work with the regulatory department to ensure wells are permitted appropriately and in a timely manner.
Collaborate with the infrastructure team to stake well locations.
Maintain organized, repeatable workflows to support capital planning and reserves updates.
Identify opportunities to streamline data integration and reporting processes across systems.
Contribute to regular business reviews and present development progress to management.