Senior Reservoir Engineer: Asset Valuation & A&D

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

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.