Reservoir Engineer, Production Forecasting & Reserves

Fervo Energy; Golden (CO); On-site; USD 140,000 - 200,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Short-term disability

Long-term disability

Flexible PTO

Parental leave

Incentive stock options

Bonus program

401(k) with employer match

Job summary

Fervo Energy is seeking a Reservoir Engineer focused on production forecasting and resource evaluation to link subsurface performance with corporate planning. You will build and maintain production forecasts for long-term planning, support Finance with inputs for budgeting, and lead economic evaluations across the portfolio.

The role requires translating complex subsurface data into clear, defensible numbers for capital allocation, working with Finance, Development, and Executive teams, and

Qualifications

• B.S. in Engineering (Petroleum, Mechanical, Chemical, or related discipline).
• 5+ years of reservoir engineering, reserves evaluation, or production forecasting.
• Strong understanding of decline curve analysis, type curve development, and forecasting workflows.
• Experience with reserves estimation and reporting standards (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.
• Translate reservoir performance and uncertainty into probabilistic forecast ranges (P10/P50/P90).
• Maintain the long-range plan (LRP) production forecast in coordination with Development and Corporate Finance.
• Partner with Corporate Finance to translate 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).
• Own recoverable resource estimates and HIIP; promote standard forecasting methodologies.

Skills

Analytical skills

Communication skills

Synthesis

Forecasting

Financial modeling

Education

B.S. in Engineering

Tools

Python

Forecasting tools

Job description

Description

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.

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.

Requirements

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.

Compensation & Benefits

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.