Summary:

The Reservoir Development Engineer will play a key technical role in optimizing Formentera’s diverse asset portfolio, spanning both conventional and unconventional reservoirs. This role combines strong subsurface expertise, data-driven problem solving, and development planning across mature and emerging assets. The successful candidate will integrate field development planning, surveillance, and secondary recovery optimization while leveraging technology and automation to enhance workflow efficiency, support base production, and enable data-driven decision making.

Responsibilities:

• Lead reservoir development planning by working collaboratively with a multidisciplinary team to optimize development programs across Formentera’s asset base.

• Integrate analytical results into development planning and economic evaluations to support strategic decision making.

• Lead development and production optimization efforts across both conventional and unconventional assets by integrating performance surveillance, reservoir diagnostics, and technical evaluations to maximize production, recovery, and capital efficiency.

• Implement and monitor secondary recovery (waterflood) strategies by designing surveillance systems, monitoring pattern performance, and recommending optimization actions.

• Conduct development lookbacks and incorporate learnings into forward planning efforts.

• Prepare and present well-level and project-level economics for development opportunities, workovers, and optimization projects.

• Support budgeting and forecasting through economic modeling and scenario analysis.

• Assist with reserves evaluation and contribute to type curve generation and maintenance.

• Develop and enhance technical tools and workflows to streamline data analysis, improve efficiency, and standardize processes across assets.

• Collaborate with cross-functional teams to improve data accessibility, integrity, and integration into decision-making workflows.

• Leverage analytics and visualization tools to identify key performance drivers and benchmark well performance.

• Communicate technical findings, risks, and recommendations clearly and effectively to management and partners

Key Competencies:

• Strong analytical, diagnostic, and problem-solving mindset

• Ability to integrate geological, engineering, and economic data for decision-making

• Excellent communication and presentation skills—able to translate technical analyses into actionable recommendations

• Collaborative team player with a proactive and adaptable approach

• Focused on innovation, continuous improvement, and operational excellence

Required Qualifications:

• Bachelor of Science in Petroleum, Chemical, or Mechanical Engineering (or related discipline)

• 5+ years of relevant experience with an oil and gas operator.

• Exposure to both conventional and unconventional reservoir development and support.

• Proficiency in RTA, DCA, and economic modeling tools (ComboCurve, ARIES, or PHDwin)

• Strong command of analytical and visualization platforms (e.g., Excel, Power BI, Spotfire)

• Demonstrated ability to apply technology-driven solutions to streamline workflows and enhance analysis

Preferred Qualifications:

• Experience with Central Basin Platform (CBP) reservoirs or similar conventional systems

• Experience with waterflood design, monitoring, and optimization

• Exposure to reserves management and reporting processes

• Familiarity with database management, automation tools, and data analytics applications

• Experience integrating analytical and simulation-based results into development planning

Physical Requirements: (with or without reasonable accommodation)

• This is largely a sedentary role. The employee is regularly required to talk or listen, and frequently required to stand, walk, use hands to handle objects, and reach with arms. Close visual acuity is needed for viewing a computer, reading, transcribing, and analyzing data.

• Occasional lifting of up to 25 pounds

• Manual dexterity sufficient to operate a computer keyboard

Benefits:

• Competitive Base Salary

• 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 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.