Senior Reservoir Engineer - Asset Evaluation

Oil Authority; Houston (TX); On-site; USD 150,000 - 230,000; Full time

Job summary

Devon Energy is seeking a Senior Reservoir Engineer to support the Asset Evaluation Team with Acquisitions & Divestitures. The role requires reservoir engineering expertise and economic analysis, reporting to the Manager of the Asset Evaluation Team and working on-site at our Houston headquarters.

You will collaborate with geoscience, drilling, production, and land teams to evaluate assets, perform DCF and reserves analysis, and develop type curves and cost models to support strategic decisions.

Qualifications

• Bachelor’s degree in Petroleum, Chemical, Mechanical Engineering or closely related field.
• Minimum of 10 years of experience in reservoir engineering or related technical discipline.
• Minimum of 2 years of experience in Business Development.
• Significant experience in acquisitions, divestitures, and reserves evaluation preferred.

Responsibilities

• Collaborate with geoscience, drilling, production, and land teams to complete asset evaluations.
• Conduct discounted cash flow analysis and recommend valuations for assets and companies through the integration of production and inventory value.
• Perform economic analysis for acquisitions and merger opportunities using Excel and ARIES.
• Gather, organize, and interpret large datasets to define reservoir characteristics, generate type curves, and build capital and expense models.
• Evaluate LOE and operational costs for accuracy and alignment with asset performance.
• Conduct feasibility studies on existing assets, potential acquisitions, and divestitures, and provide recommendations based on findings.
• Perform reserves studies for budgeting, forecasting, and reporting.
• Conduct well performance analysis, pressure interpretation, volumetric calculations, recovery factor method assessments, and production decline curve evaluations.
• Maintain data accuracy in technical and economic reporting.

Skills

Reservoir engineering

Data analysis

Decline curve analysis

Reserves evaluation

Cost estimation

Education

Bachelor’s degree in Petroleum, Chemical, Mechanical Engineering or closely related field

Tools

ARIES

Spotfire

Excel

Job description

At Devon, we will offer you a career full of energy and unmatched opportunities to solve today’s greatest challenges. Innovation, creative problem-solving and positive change happen when people step out of their comfort zone and think differently. Our values, workplace practices, wellness programs, benefits and compensation are aimed at helping employees manage their unique personal life and care for their families so they can focus on contributing to the fullest.

Job Profile Summary:

As a Senior Reservoir Engineer at Devon Energy, you will support the Asset Evaluation Team, focusing on Acquisitions & Divestitures (A&D) with project-based evaluations requiring quick turnaround. This role emphasizes reservoir engineering expertise and economic analysis to assess and optimize oil and gas assets. You will report directly to the Manager of the Asset Evaluation Team and work on-site at Devon’s headquarters in Houston, Texas.

Essential Duties and Responsibilities:

• Collaborate with geoscience, drilling, production, and land teams to complete asset evaluations
• Conduct discounted cash flow analysis and recommend valuations for assets and companies through the integration of production and inventory value
• Perform economic analysis for acquisitions and merger opportunities using Excel and ARIES
• Gather, organize, and interpret large datasets to define reservoir characteristics, generate type curves, and build capital and expense models
• Evaluate Lease Operating Expenses (LOE) and operational costs for accuracy and alignment with asset performance
• Conduct feasibility studies on existing assets, potential acquisitions, and divestitures, and provide recommendations based on findings
• Perform reserves studies for budgeting, forecasting, and reporting
• Conduct well performance analysis, pressure interpretation, volumetric calculations, recovery factor method assessments, and production decline curve evaluations
• Maintain data accuracy in technical and economic reporting

Skills and Experience:

• Proficiency in ARIES, Spotfire, and Excel for technical and economic evaluations
• Extensive experience with reservoir engineering methods, including material balances, volumetric calculations, and type curve generation
• Advanced capability in analyzing large datasets and applying decline curve analysis
• Experience conducting reserves evaluations for reporting and forecasting purposes
• Familiarity with cost estimation for asset development and operational expenses

Education Requirements:

• Bachelor’s degree required: Petroleum, Chemical, Mechanical Engineering or closely related field

Years of Experience:

• Minimum of 10 years of experience in reservoir engineering or related technical discipline
• Minimum of 2 years of experience in Business Development.
• Significant experience in acquisitions, divestitures, and reserves evaluation preferred

TRAVEL REQUIREMENTS:

• 10% - 15%

Qualified applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or other characteristics protected by law.

For more information on Equal Employment Opportunity, please follow these links: EEO is the Law EEO is the Law Supplement Pay Transparency Provision