Reservoir Engineer, Production Forecasting & Reserves

Fervo Energy; Colorado; On-site; USD 140,000 - 200,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Disability insurance

Paid time off

Parental leave

Employee stock options

Bonus program

401(k) match

Job summary

Fervo Energy is seeking a Reservoir Engineer to build long-term production forecasts, perform economic evaluations of development scenarios, and own resource estimates. You will translate subsurface performance into corporate planning and support financing with technical inputs.

You will collaborate with Corporate Finance, Reservoir, Development, and Executive teams to deliver defensible numbers for capital allocation and investor materials while communicating uncertainty clearly to

Qualifications

• B.S. in Engineering (Petroleum, Mechanical, Chemical, or related discipline) required.
• 5+ years of reservoir engineering, reserves evaluation, or production forecasting; advanced degree may be considered in lieu of experience.
• Strong understanding of decline curve analysis, type curve development, and forecasting workflows.
• Experience with reserves estimation and reporting standards (e.g., SPE-PRMS).
• Experience building economic models (NPV, IRR, cash flow) and sensitivity/scenario analyses.
• Strong financial modeling skills (advanced Excel) and familiarity with reservoir forecasting or simulation tools.
• Ability to assess subsurface and forecast uncertainty and communicate risk clearly to financial and executive audiences.
• Strong analytical, synthesis, and communication skills.

Responsibilities

• Build and maintain portfolio-wide production forecasts for long-term planning.
• Develop and update type curves and decline/analytical models calibrated to observed field performance.
• Translate reservoir performance and subsurface uncertainty into probabilistic forecast ranges for planning and budgeting cycles.
• Maintain the long-range plan (LRP) production forecast with Development and Corporate Finance.
• Partner with Corporate Finance to translate reservoir forecasts into cash flow models and investor materials.
• Support financing processes with technical forecast inputs and asset-level due diligence.
• Conduct economic evaluations of new prospects, development scenarios, and capital projects (NPV, IRR, payback).
• Deliver clear economic recommendations to asset teams and leadership.

Skills

Decline curve analysis

Reserves estimation

Forecasting workflows

NPV/IRR modeling

Excel modeling

Communicate risk

Financial data analysis

Subsurface uncertainty

Reservoir engineering

SPE-PRMS experience

Forecast tools

Education

B.S. in engineering

M.S. preferred

Job description

The Reservoir Engineer will build and maintain portfolio-wide production forecasts, lead economic evaluations of development scenarios and capital projects, and own recoverable resource estimates.

Fervo is working to build the most cost-effective, repeatable geothermal power plants in the world. Delivering on this mission requires operational excellence across every function — including the forecasting, resource, and economic evaluation processes that translate subsurface performance into the capital plans and financial disclosures that guide the company as we scale.

Description

Joining Fervo as a Reservoir Engineer focused on production forecasting and resource evaluation means owning the link between subsurface performance and corporate planning. This role builds and maintains production forecasts for long-term planning, supports Corporate Finance with technical inputs for budgeting, financing, and investor materials, and leads economic evaluations and resource reporting across the portfolio. The position is ideal for an engineer who enjoys translating complex subsurface data into clear, defensible numbers that inform capital allocation and company-level decisions.

The Reservoir Engineer will build and maintain portfolio-wide production forecasts, lead economic evaluations of development scenarios and capital projects, and own recoverable resource estimates. This role emphasizes forecast rigor, financial fluency, and clear communication of subsurface uncertainty to non-technical stakeholders.

The position collaborates closely with Corporate Finance, Reservoir, Development, and Executive teams to translate subsurface performance into the forecasts, valuations, and resource recovery used for long-term planning and corporate decision-making.

Responsibilities

Production Forecasting & Long-Term Planning

• Build and maintain production forecasts across the portfolio to support long-term planning, capital allocation, and corporate strategy.
• Develop and update type curves and decline/analytical models calibrated to observed field performance.
• Translate reservoir performance and subsurface uncertainty into probabilistic forecast ranges (P10/P50/P90) for planning and budgeting cycles.
• Maintain the long-range plan (LRP) production forecast in coordination with Development and Corporate Finance.
• Partner with Corporate Finance to translate reservoir forecasts into cash flow models, capital plans, and investor-facing materials.
• Support financing processes (debt/equity raises, project finance) with technical forecast inputs and asset-level due diligence.

Economic Evaluations

• Conduct economic evaluations of new prospects, development scenarios, and capital projects, including NPV, IRR, payback, and sensitivity analysis.
• Support investment decisions with integrated technical and economic risk assessment across the portfolio.
• Evaluate development, completion, and injection strategy alternatives for capital efficiency and returns.
• Deliver clear economic recommendations to asset teams and leadership to guide portfolio prioritization.

Resource & HIIP

• Own and maintain recoverable resource and Heat-in-Place (HIIP) estimates.
• Promote consistent forecasting, evaluation, and reserves methodologies across projects.
• Support development and standardization of Geothermal recovery and resource evaluation methods.

Team and Culture

• Operate with technical independence and objectivity while maintaining strong collaborative relationships with Finance, Development, and asset teams.
• Provide constructive challenge and thoughtful recommendations grounded in data and engineering principles.
• Balance rigor with pragmatism in a fast-paced, cross-functional environment, including finance reporting deadlines.
• Contribute to a culture of transparency, consistency, and continuous improvement across the portfolio.
• Be responsive and reliable in remote settings, maintaining momentum without requiring constant oversight.
• Adapt quickly to shifting priorities, new data, and evolving planning cycles.

Qualifications

Required

• B.S. in Engineering (Petroleum, Mechanical, Chemical, or related discipline).
• 5+ years of experience in reservoir engineering, reserves evaluation, or production forecasting; advanced degree may be considered in lieu of experience.
• Strong understanding of decline curve analysis, type curve development, and production forecasting workflows.
• Experience with reserves estimation and reporting standards (e.g., SPE-PRMS).
• Experience building economic models (NPV, IRR, cash flow) and sensitivity/scenario analyses.
• Strong financial modeling skills (advanced Excel) and familiarity with reservoir forecasting or simulation tools.
• Ability to assess subsurface and forecast uncertainty and communicate risk clearly to financial and executive audiences.
• Strong analytical, synthesis, and communication skills.

Preferred

• Experience in geothermal reservoir engineering, enhanced geothermal systems (EGS), or unconventional resource development.
• Experience supporting Corporate Finance, FP&A, investor relations, or capital markets processes.
• Experience with third-party reserves audits or certification processes.
• Familiarity with fracture-dominated or thermally driven systems.
• Programming/scripting skills (e.g., Python) for forecasting automation and data analysis.
• Ability to translate detailed technical analysis into executive-level summaries.

Fervo provides a comprehensive suite of benefits including medical, dental, vision, life, short-term and long-term disability, flexible paid time off, and paid parental leave. Additionally, Fervo offers an incentive stock options program, a bonus incentive program, and a 401(k) plan with an employer match.

Fervo Energy is providing the compensation range and general description of other compensation and benefits that the company in good faith believes it might pay and/or offer for this position based on the successful applicant’s education, experience, knowledge, skills, and abilities in addition to internal equity and geographic location. Expected Salary: $140,000-$200,000 based on Colorado locality, pay in other locations may vary.

Fervo Energy reserves the right to ultimately pay more or less than the posted range and offer other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law.

Fervo Energy commercializes technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future. As a 24/7, reliable clean energy resource, geothermal energy has a major role to play in the future electric grid and Fervo Energy’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that we have developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo is supported through Cyclotron Road, the Department of Energy, Stanford University, and Breakthrough Energy Ventures.

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military and veteran status or any other consideration made unlawful by federal, state, or local laws. It also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics.