Formentera Operations

Reservoir Engineer

Austin, Texas Metropolitan Area

Full time

On-site

Oil and Gas

About This Job

Position Summary

The Development Reservoir Engineer will provide technical support in subsurface development planning and project management across a wide asset base.

Key Responsibilities:

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Drive development planning, working with a multi-disciplinary team to select and optimize development programs

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Support budgeting by preparing and presenting economic metrics for drilling prospects, asset optimization and capital projects as well as completing lookback economics

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Assist with the creation, organization and maintenance of inventory in coordination with engineering analyst and geology

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Conduct routine production surveillance of competitor’s wells and incorporate findings into development planning efforts

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Ensure key milestones, stakeholders, resources, and decision makers are clearly identified for assigned projects to ensure completion on time and within budget

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Create and refine type curves across asset base

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Identify, create and coordinate development of key Reservoir Engineering workflows

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Actively track progress of assigned projects against the project plan and ensure adjustments are made as required, communicating these changes effectively across the company

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Work with production engineering and geology to review subsurface issues affecting well performance and identify areas for optimization

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Support production optimization efforts of all wells and infrastructure, identifying and recommending opportunities to increase production, enhance well recoveries, reduce operating expenses and apply innovative and cost-effective optimization

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Run economics for workovers in assigned areas – coordinating with the production engineer

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Assist in maintaining production forecasts across several asset areas

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Assist in reserves evaluation as needed

Key Competencies:

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Communication: Possesses the ability to work with all levels of the organization and communicate complex technical information effectively

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Collaboration: Works in partnership with others, builds trust and encourages open and transparent communication

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Leadership: Effectively works with multidisciplinary teams and drives projects from concept to execution

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Deep understanding of data and workflows across E&P company

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Proactive and adaptable with a problem-solving mindset focusing on continuous improvement opportunities

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Ability to multi-task and prioritize work

Required Qualifications:

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Bachelor of Science in Engineering

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5+ years of relevant oil and gas experience focusing primarily on subsurface development and asset evaluation

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Preferred Qualifications:

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Knowledge of database and engineering software, including Economic/Reserves Software (ComboCurve/ARIES/PHDwin), PowerBI, Spotfire, SQL Server, Access, Excel, Word, PowerPoint

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A background in data analytics and programming

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 creates. 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.