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Senior Reservoir Engineer Financial Reserves Jobs in Houston Texas

SENIOR RESERVIOR ENGINEER FINANCIAL RESERVES 

TOTAL COMPENSATION UP TO $280K

Our client, a major financial firm is searching for an additional experienced Reservoir Engineer to support their financial functions relating to reserves lending. This is an outstanding opportunity to join a major solid global financial institution that has a long established presence in the Energy industry.

In this key role, you will be responsible for performing technical analysis of upstream investment opportunities.  You will evaluate oil and gas reserves, systems, pipelines and markets in order to support lending and investment decisions. You will work on various projects where your experience in the operational side of Reservoir Engineering will have prepared you to quantify reserves, economic potential, identify reservoir, operational and commercial risk. 

You must have a true passion for Reservoir Engineering coupled with extensive operational experience.   Must be able to write and present conclusions effectively with senior management of the bank, its customers, other bankers and outside representatives.

The ideal candidate will have a strong Reservoir Engineering background which includes extensive experience in onshore basin operations, strong experience of reserves, economic evaluations and acquisitions.  Additionally, the ideal candidate have Bachelor’s degree in Engineering, MBA preferred, at least 8-10 yrs of experience in U.S. petroleum reservoir engineering of which at least five should be in reserve evaluations.
 
You should have been with an upstream E&P company working as a reservoir engineer or M&A consultant or in a leading financial institution. Would prefer some financial background if possible, but work with reservoir engineering consultants or M&A firms will be considered. Must be well versed in Office Software programs, especially Excel, as well as Aries and PhD Win reserve programs.  

 

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Petroleum Financial Reserves Engineer Jobs Houston Texas TX

Petroleum Financial Reserves Engineer

Houston Texas

Our client, a major financial firm is searching for an additional experienced Engineer to support their financial functions relating to reserves lending. This is an outstanding opportunity to join  a major solid financial institution that has an established presence in the Energy industry.

The ideal candidate will have at least 8-10 yrs of experience in U.S. petroleum reservoir engineering.  You should have been with an upstream E&P company working as a  reservoir or M&A consultant or in a financial institution. Would prefer some financial background if possible, but work with reservoir consultants or M&A firms will be considered. Must be well versed in Office Software programs, especially Excel, as well as Aries and Phd Win reserve programs. In this key role, you will evaluate oil and gas reserves, systems, pipelines and markets in order to support lending and investment decisions. Frequent travel may be involved, primarily in U.S and Canada. Must be able to write and present his/her conclusions effectively with senior management of the bank and its customers, and other bankers and outside representatives.

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CV Resume of Candidate NA-1340131399 Rice University MBA, MS Mechanical Engineering, BS Petroleum Engineering, Manager Acquisitions Shelf Exploitation Senior Reservoir Engineer Seeking New Opportunity

EDUCATION:

M.B.A., Rice University, 2004

Jones Graduate School of Business    G.P.A.  3.89/4.00

Jones Scholar Award Recipient (Top 10%)

M.S., Texas Tech University, 1993

MAJOR:  Mechanical Engineering        G.P.A.  4.00/4.00

B.S., Texas Tech University, 1987

MAJOR:  Petroleum Engineering          G.P.A.  3.65/4.00 (Cum Laude)

EXPERIENCE:

2006 to Present:  Confidential Major Independent (HOUSTON, TX.)

Manager – Acquisitions and Shelf Exploitation (2009 – Present)

Supervise team of 8 geologists, geophysicists, reservoir engineers, and techs.  Responsible for all subsurface work on the GOM Shelf.  Coordinated budget submittals for group for last 3 years incorporating new drills, workovers, fuel usage, compressor installations, operating expenses, and abandonments.  Recommended and designed 5 compressor installations that added 21 Bcfe (gross) reserves.  Currently have 3 additional projects in progress which should add an additional 10 Bcfe (gross).

Spent majority of time evaluating acquisition candidates.  Took a leading role in 33 projects over the last 4 years.  Those included 11 that were screened and 22 that were fully evaluated. Of those, Company made unsuccessful offers on 7 of over $8B, and successfully acquired 4 for an aggregate of $630MM for 250 Bcfe 2P reserves and 190 Bcfe of resource potential (including property detailed below).  These projects were both onshore and offshore as well as corporate and asset deals.  The evaluations included extensive analyses of target proven and probable reserves utilizing ARIES software.  Also included dataroom visits and detailed review of technical as well as historical operating and financial data.  Responsible for incorporating this due diligence into the economic evaluation as well as performing sensitivity analyses.  Presented results to both executive management as well as Board of Directors.  Detailed listing of projects is available.

Developed a robust, type curve driven economic model for evaluating undeveloped acreage and shale projects to complement ARIES. Full list of software expertise is also available.

Senior Reservoir Engineer – Shelf Exploitation/Acquisition Group (2006 – 2009)

Responsible for reservoir engineering support for all Western Gulf of Mexico properties with production of 100 MMcfd/1000 BOPD Net (approx. 1/3 of company production.)  Served as lead engineer in evaluation and acquisition of West Cameron asset for $71MM.  Subsequently installed additional compression and drilled 3 new wells resulting in addition of 34 Bcfe of net reserves.  With geophysicist, lead redevelopment of southern High Island field resulting in drilling 3 new wells with reserves of 15 Bcfe and addition of 30 MMcfd of production for $25MM investment.

2001 to 2006:       Confidential Major E&P (HOUSTON, TX.)

Senior Staff Reservoir Engineer – Gulf of Mexico Region (2005 – 2006)

Responsible for reservoir engineering support for West Cameron/East Cameron/High Island Team.  Provided economic assessment and engineering support for new drilling prospects as well as development in established fields.  Performed nodal analysis, material balance, pressure transient, and rate transient analysis for support of reserve determinations and identification of new investment opportunities.

Principle Reservoir Engineer – Reservoir Engineering Staff (2004)

Responsible, with one other person, for implementing the Rose Risk Analysis methodology within Company.  As part of the process, training was provided to all Senior Executives, Managers and Directors, and Technical Staff within the company (conducted by Rose and Associates).  In conjunction with the region technical teams, conducted risk and reserve reviews for most of the company’s exploration and development inventory.  Provided individual coaching to the technical teams in the proper implementation of this process as well as the extension of the process to economic evaluations.

Project assignments to the Business Development Group included evaluation of two unsolicited offers to purchase Companies assets and performed screening evaluations on domestic acquisition targets with detailed financial evaluations and presentation of results. Reported directly to Senior Vice President of E&P Services.

Principle Reservoir Engineer/Portfolio Coordinator – Domestic Exploration

Division (2001 – 2004)

Sole responsibility for economic evaluation and portfolio analysis for all of Companies U.S. exploration efforts both onshore and offshore.  Made recommendations on both strategic and prospect level allocation of over $500MM during 2001-2003.  Reported directly to Senior Vice President of Domestic Exploration.

1993-2001            Confidential Major (SUGAR LAND, TX.)

Region Portfolio Advisor – Strategic Planning (2001)

Prepared investment portfolio analysis to support allocation of $450MM capital budget considering both short term business performance and long term strategic objectives.  One of six members on team responsible for evaluation, selection, and implementation of new economic, reserve, and business management software for the Gulf Region.

1996 to 2001:       LOWER 48 BUSINESS UNIT – SUGAR LAND, TX.)

Advising Reservoir Engineer – GOM Shelf Exploration Group (1996-2001)

Sole responsibility for all reservoir engineering support for Companies exploration efforts in the shallow water Gulf of Mexico.  Primary tasks involved determination, as part of a multi-disciplinary team,  of reserve distributions and risk factors for all prospects.  Incorporated drilling and facility cost estimates, marketing options, development scenarios and deal terms to determine prospect economics. Evaluated over 200 exploration prospects in water depths ranging from 10 to 3200’.   Developed new Monte Carlo economic model (utilizing TERAS) to rigorously evaluate wellbore mechanical reliability and the associated probability and impact  of reserve truncation in subsea wells. Made numerous presentations to executive level management.

1993 to 1996:       CENTRAL U.S.  BUSINESS UNIT – MIDLAND, TX

Senior Reservoir Engineer – S.E. New Mexico Area (1994-1996)

Responsible for approximately 100 Company & OBO properties in Lea and Eddy Counties with production of 500 BOPD 7000 MCFD.  Evaluated 5,000 undeveloped acres for Morrow potential including reserve distributions, risk analysis, and economics resulting in a recommendation to seek alternative financing/Joint Venture partner for development

Advanced Production Engineer – South Odessa Area (1993-1994)

Responsible for 200 well area in central Permian Basin with production of 1500 BOPD 5000 MCFD. Utilized wave equation based design program to optimize the artificial lift installations on 100 wells at a waterflood property.  Reduced failure rate by 60% and lift costs by $140,000 per year.

1987 to 1991:       Confidential Company (MIDCONTINENT REGION – OKLAHOMA CITY, OK.)

Senior Production Engineer – Michigan Area (1990-1991)

Responsible for all production operations in the state (3000 BOPD, 24 MMCFD) including maintaining environmental standards of operations in highly sensitive areas.  Prepared a detailed study of a $10 million environmental compliance project on a waterflood property, presented results to corporate vice-president. Performed a compositional simulation study for a  $1 million upgrade project on a condensate handling facility. Served on corporate team responsible for developing and implementing a company-wide field computer system.

Production Engineer – Oklahoma Area (1988-1990)

Responsible for 350 well area in Oklahoma with 1989 gross revenue of $10 million.  Duties included design of artificial lift and gas compressor installations as well as surface handling facilities

Associate Engineer (1987-1988)

Completed comprehensive 15 month training program.

AFFILIATIONS: Society of Petroleum Engineers

Member of SPE National Management and Economics Committee

Member of SPE National Engineering Registration Committee

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CV Resume of Candidate 21458 Energy Leader Executive Vice President Petroleum Reservoir Engineering seeking new opportunity open relocation

ENERGY INDUSTRY LEADER

Energy Industry Leader with twenty-eight years experience in the energy sector. Skillful negotiator with expert qualifications in identifying market opportunities and operating solutions to drive optimal revenue and profit growth. Successful in cultivating and building strategic alliances, joint ventures and partnerships.

COMPETENCIES

Strategic Business & Market Planning · Joint Venture Alliances & Partnerships · P&L Management

Risk Assessment & Management · Strategic Decision Making · Interdisciplinary Team Leadership

Portfolio Strategy · Acquisition & Divestitures · Reserve Calculations & Reservoir Engineering

Drilling, Completion & Workover Operations · Production Planning & Optimization

PROFESSIONAL EXPERIENCE

Confidential Company, Houston, Texas                                                           2008 – Present

Executive Vice President, Engineering

Formed Company in 2008.  Company is a private Texas limited liability company backed by Major Investment firm.  It is engaged in the acquisition, exploitation, development and production of crude oil and natural gas in Texas.

Significant Accomplishments:

  • Acquired 500 MBOe in Madison County, Texas(Madisonville).
  • Assembled and managed team to operate acquired property(12 operated wells).
  • Implemented workovers and facilities modifications to improve profitability at Madisonville.
  • Evaluated and requested funding for ‘bolt-on’ acquisitions at Madisonville.
  • Evaluated and recommended drilling programs at Madisonville.
  • Evaluated and requested funding for additional acquisitions in Texas, Louisiana and Mississippi.
  • Evaluated and requested funding for joint ventures in Texas, Louisiana and Pennsylvania.
  • Prepared reserve reports and recommended bank facility to fund drilling program.

Major Consulting Firm, Houston, Texas                                                           2006 – 2008

Director

Recruited for business development, project management, technical evaluation and data room presentations for various divestiture projects.

Significant Accomplishments:

  • Managed EnerVest Shiloh(East Texas) divestment – sold to Fidelity for $235MM.
  • Managed Metano Energy(South Texas, Gulf Coast) divestment – sold to Legend for $135MM.
  • Managed Nadel and Gussman East Texas divestment – sold to XTO Energy.
  • Secured Aethon(Permian Basin, Oklahoma) and Bold Energy(Permian Basin) divestments – sold to Sheridan and an Undisclosed Buyer, respectively.
  • Provided reservoir engineering support for all East Texas/North Louisiana projects.
  • Recruited associate to join firm.

Confidential Company, Houston, Texas                                                           1996 – 2006

Vice President, Reserves & Acquisitions (2004 – 2006)

Promoted to assemble and manage the M&A Team and to direct the reserves process to include Sarbanes-Oxley compliance. Develop SEC and bank reserve documentation and reporting.

Significant Accomplishments:

  • Assessed stock trade value of Petrohawk Energy and assisted senior management in the company’s successful merger agreement with Company.
  • Secured the acquisition of Devon properties in North Louisiana, East Texas and Mississippi. Acquired 47 BCFe for $86.9 million.
  • Secured ExxonMobil property in Wharton County, Texas. Acquired 12.4 BCFe for $24.8 million.
  • Acquired Vintage property in Lincoln Parish, Louisiana (11.2 BCFe for $26.2 million).
  • Closed nine minor acquisitions (acquired for $6.4 million) with initial estimates of 2.9 BCFe.
  • Led the divestiture of Bearhead Creek, South Louisiana, Murdock Pass and LaPlaya in South Texas.
  • Delivered midyear 2005 reserves of 378 BCFe and a PV10 value of $1.2 billion, and year end 2005 reserves of 452 BCFe and a PV10 value of  $1.7 billion.

Vice President, Gulf Coast Division Engineering (2002 – 2004)

Accepted dual responsibility leading an engineering and production team of 40 while coordinating reserve reports to restructure debt and increase funding capital for future projects. Challenged to improve production performance and drilling success within the Gulf Coast region.

Vice President, Mid Continent Division Engineering (1996 – 2002)

Recruited as a Reservoir Engineer and promoted to assume leadership for an engineering and technical team of 25 performing production/drilling operations in North Louisiana and West Texas. Responsibility for a $20 million operating budget, all staffing and training, cost containment, forecasting and reporting.

Confidential Company, Houston, Texas                                                           1994 – 1996

President

Established two consulting companies providing reservoir and environmental engineering services to major oil and gas companies. Secured engagements with Exxon Company, Valence, Swift Energy and Petrocorp. Calculated deterministic SEC proved reserves using volumetric analysis and well performance. Installed air pollution reduction equipment, and performed air permitting, soil contamination and remediation services.

EXXON COMPANY, USA, Houston, Texas                                                   1981– 1994

Reservoir Engineer/Surface Facilities Engineer/Environmental Engineer

Computing Group Technical Advisor

Thirteen year career highlighted by increasingly responsible engineering leadership roles in the Gulf Coast within reserves development, project economics and environmental compliance. Recognized for maximizing profitability by drilling  40 wells and working over 150 wells during tenure. Provided production, capital and expense forecasts to support strategic planning at District, Division and Corporate levels.

EDUCATION

Louisiana Tech University, Ruston, Louisiana, BS, Petroleum Engineering

Cum Laude…GPA 3.46

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