Senior Reservoir Engineer

Formentera Operations; Austin (TX); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

Annual Bonus Eligibility

Health insurance (employer covering)

401K with employer match

Job summary

Formentera Operations LLC seeks a Senior Reservoir Engineer to provide technical and commercial leadership across a diverse asset base in multiple US basins. The role blends reservoir engineering with business judgment to uncover value and acts as the go-to technical resource for the team.

You will lead development planning with multidisciplinary teams, evaluate well spacing and completion designs, perform advanced reservoir analyses, build forecasts, and support the reserves process.

Qualifications

• Bachelor of Science in Petroleum Engineering or related field.
• 7+ years of reservoir engineering experience in subsurface development and asset evaluation.
• Strong expertise in rate transient analysis, PVT and numerical modeling, with reserves understanding.
• Solid grasp of statistics and risk assessment for forecasts, valuations, and decisions.
• Strong commercial skills to identify opportunities and drive development decisions.

Responsibilities

• Lead development planning and manage drilling inventory with a multidisciplinary team.
• Evaluate spacing, parent-child interactions, and completions to optimize value.
• Perform advanced reservoir analysis including rate transient analysis and modeling.
• Build type curves and forecasts; assess forecast uncertainty and business impact.
• Support reserves process and prepare economic metrics for projects.
• Mentor engineers and analysts; share knowledge through peer reviews.

Skills

Rate transient analysis

PVT

Numerical modeling

Reserves understanding

Statistics & risk assessment

Commercial skills

Data analytics

Programming

Machine learning

Education

B.S. in Petroleum Engineering

Tools

ComboCurve/ARIES/PHDwin

Whitson+

Spotfire

Power BI

SQL

Excel

Job description

The Senior Reservoir Engineer will provide technical and commercial leadership in subsurface development planning and asset evaluation across a diverse asset base in multiple US basins. This role combines reservoir engineering expertise with business judgment to identify value-creating opportunities and serves as a go-to technical resource for the team.

Responsibilities:

• Lead development planning and maintain drilling inventory with a multidisciplinary team to select, optimize and execute development programs
• Evaluate well spacing, parent-child interactions and completion design to optimize unit-level value
• Perform and review advanced reservoir analysis including rate transient analysis, numerical modeling and PVT/fluid characterization
• Build and maintain type curves and production forecasts across the asset base, applying statistical and risk-based thinking to understand forecast uncertainty and its business impact
• Understand the reserves implications of forecasts and development plans and support the reserves process as needed
• Identify, screen and advance commercial opportunities, including organic development, acquisitions and divestitures (A&D technical evaluation, due diligence and valuation support)
• Prepare and present economic metrics for drilling prospects, asset optimization and capital projects to support budgeting, and complete lookback economics
• Work with production engineering and geology to monitor company and offset well performance, address subsurface challenges and identify opportunities to increase production, enhance recoveries and reduce operating expenses
• Serve as a go-to technical resource, define reservoir engineering best practices and mentor engineers and analysts through peer reviews and knowledge sharing
• Manage assigned projects against plan, keeping stakeholders and decision makers informed of progress and changes
• Technical Excellence: Applies sound engineering fundamentals and judgment to complex reservoir problems
• Commercial Acumen: Understands business needs and translates technical analysis into value-adding decisions and opportunities
• Communication: Possesses the ability to work with all levels of the organization and communicate complex technical information effectively
• Collaboration: Works in partnership with others, builds trust and encourages open and transparent communication
• Technical Leadership: Serves as a trusted technical resource, mentors others and drives projects from concept to execution
• Adaptability: Proactive problem solver focused on continuous improvement who manages multiple priorities effectively

Required Qualifications:

• Bachelor of Science in Petroleum Engineering or related field
• 7+ years of reservoir engineering experience focusing on subsurface development and asset evaluation
• Strong technical expertise in rate transient analysis, PVT and numerical modeling, with a solid understanding of reserves
• Sound grasp of statistics and risk assessment, with the ability to apply them to production forecasts, asset valuations and economic decisions
• Strong commercial skills: proven ability to identify opportunities, evaluate economics and drive development decisions

Preferred Qualifications:

• A&D experience, including technical evaluation and due diligence
• Experience with unconventional completions, flowback and artificial lift
• Working knowledge of SEC reserves guidelines
• Understanding of midstream, takeaway and marketing considerations and their impact on development planning and economics
• Knowledge of engineering and economics/reserves software (ComboCurve/ARIES/PHDwin), reservoir analysis tools (e.g., Whitson+), and data and BI tools (Spotfire, Power BI, SQL, Excel)
• A background in data analytics, programming and machine learning

Physical Requirements (with or without reasonable accommodation)

• This position is primarily sedentary, with regular requirements to communicate verbally and listen. The employee will frequently need to stand, walk, handle objects with their hands, and reach with their arms.
• Close visual acuity is required to view a computer screen, read, transcribe, and analyze data.
• Occasional lifting of up to 25 pounds may be necessary.
• Sufficient manual dexterity is needed to operate a computer keyboard and related equipment.
• Annual Bonus Eligibility
• 100% Employer covered health insurance premiums.
• 401K with 4% employer match

About Us:

Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London, and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins.

Formentera is intentional and deliberate in cultivating our culture. We seek people who are not only exceptional within their own skills and aptitudes, but who also care deeply about supporting each other’s growth and embracing the value that diverse teams, ideas and opinions create. Operating with integrity and treating each other well at all times are foundational pillars at Formentera.

Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics.

Notice to Third Party Agencies:

Please note that Formentera does not accept unsolicited resumes from recruiters or employment agencies. Without a signed recruitment services agreement, Formentera will not consider or agree to payment of any referral compensation or recruiter fee. If a recruiter or agency submits a resume or candidate without a previously signed agreement, Formentera explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring manager(s), are deemed to be property of Formentera.

NOTE: Formentera is not able to consider candidates requiring Visa sponsorship at this time.