Reservoir Engineering Technician

Sitio Royalties; Denver (CO); Hybrid; USD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Reservoir Engineering Technician to join their dynamic team. This role involves collaborating with various engineering teams to analyze and maintain data related to oil and gas assets. The ideal candidate will have a strong analytical background and experience with economic evaluations. You'll be part of a forward-thinking company that values innovation and teamwork, offering a hybrid work schedule and a comprehensive benefits package. If you're looking to make a significant impact in the oil and gas sector, this opportunity is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Plan

Paid Parental Leave

Flexible Spending Account

Health Savings Account

Company Paid Life Insurance

Short-term and Long-term Disability Insurance

Employee Assistance Program

Qualifications

• Minimum 2 years of experience as an Engineering Technician.
• Strong analytical skills with a focus on data extraction and manipulation.
• Experience with oil and gas industry terminology.

Responsibilities

• Build and maintain economic models for project evaluations.
• Assist engineers with reserves estimation and field studies.
• Conduct quality control and analysis of production data.

Skills

Data Analysis

Economic Evaluations

Database Management

Attention to Detail

Team Collaboration

Education

Associate's Degree

Bachelor's Degree

Tools

Excel

ComboCurve

Databricks

Spotfire

IHS

Job description

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Human Resources Director & Business Partner

Application Window: Applications will be accepted until April 30, 2025. To apply, submit an application through LinkedIn.

About the Company

Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 270,000 NRAs through the consummation of over 200 acquisitions to date. More information about Sitio is available at www.sitio.com.

About the Role

The Reservoir Engineering Technician will be an integral member of the Reservoir Engineering team. This person will work in collaboration with the Senior Reservoir Engineering Technician, asset management engineers, A&D engineers and management. This individual will generate deliverables for revenue accruals, quarterly reserves and acquisition evaluations. This position will be heavily tied to the continued maintenance of the company’s existing assets as well as continued company growth through acquisition evaluations. While primarily working with the engineering teams, they will also work with Land, GIS, Geology, Accounting, and Finance teams on a regular basis.

The Reservoir Engineering Technician will report to the Director of Engineering.

Job Location: In office located in Denver, CO or Houston, TX

Schedule: Hybrid work schedule with Monday - Thursday in the office and Fridays work from home.

Responsibilities

• Build and maintain complex queries, databases and economic evaluations and forecasts in ComboCurve, Databricks, and Excel
• Assist engineers with economic evaluations, reserves estimation, and field studies
• Maintain and update reserves database for quarterly and year-end updates
• Build, maintain, and run economic models for project evaluation and value assessments
• Regularly cross-reference multiple systems for data integrity and consistency
• Maintain and conduct quality control, organization, and analysis of production, technical, and economic data from both public sources and internal databases
• Gather, organize, and maintain data in Microsoft Excel, Spotfire, and Databricks
• Work with and support engineering staff on special projects and process optimization

Required Qualifications

• Minimum 2 years of direct industry experience as an Engineering Technician
• Associate’s degree or other technical training required, Bachelor’s Degree preferred
• Experience with Excel, ComboCurve, Spotfire, Databricks, and IHS
• Team player with the ability to handle simultaneous projects and changing priorities in a fast-paced environment
• Demonstrated ability to extract, manipulate and analyze extensive amounts of data and information quickly and accurately
• Strong desire to adapt and improve processes with new methods and technologies
• Organized, motivated, self-starter with strong analytical skills
• Thorough understanding of oil and gas industry terminology
• High attention to detail

Preferred Qualifications

• Experience working with Land, Geology, and Accounting teams specific to oil and gas upstream industry
• Experience with ARIES, Novi, SSMS, Python, or JMP
• Experience working with team members in different offices/remote work
• Previous experience with quarterly and year-end reserves processes

Compensation and Benefits

• Status: Full-time, exempt
• Base Pay Range: $80,000 –$110,000 depending on qualifications and experience
• Opportunity for Short Term and Long-Term incentives
• Healthcare coverage includes medical, dental, and vision insurance. All premiums are at no cost to employees
• Sitio contributes 3% of each qualifying employee’s base salary to a 401(k) pursuant to the safe harbor provision
• Flexible Spending Account and Health Savings Account available
• Company paid life and AD&D insurance and opportunity to elect additional voluntary life insurance
• Short-term and long-term disability insurance available
• Company paid Family Planning Benefits
• Paid parental leave
• Vacation, sick and holiday pay
• Employee assistance program

Please note that the job posting does not guarantee or promise specific benefits offerings to potential employees. While we strive to provide competitive compensation and benefits packages, the availability and details of these offerings are subject to change and are ultimately determined by company policies and budgetary considerations. We encourage all applicants to review our official employee benefits documentation and engage in discussions with our HR representatives during the interview process to gain a comprehensive understanding of the benefits package available for the position.

Work Conditions

Job is performed in a typical office environment, but is subject to time pressures and constraints, and is often dependent on input from others. Occasionally, work may be performed from home, before or after normal work hours or on weekends. Periodic travel as business requires.

Sitio Royalties Management, LLC is an equal opportunity workplace. All employment decisions are made without regard to race, color, religion, sex (including pregnancy and gender identity), national origin, citizenship, political affiliation, sexual orientation, marital status, disability, genetic information, age, military service, or any other legally protected categories. This includes providing reasonable accommodation if requested for disabilities or religious beliefs and practices.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management, Engineering, and Information Technology

• Industries

  Oil and Gas

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Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Disability insurance

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