Principal Reserves Engineer

Crescent Energy•Houston, TX

52d

About The Position

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines stable cash flows from low-decline production with a deep, high-quality development inventory. Crescent is a top three producer (by gross operated production) in the Eagle Ford basin. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet. The Reserves Engineer is responsible for the evaluation, analysis, and reporting of oil and gas reserves across the company’s assets. This role ensures the company’s reserves are accurately estimated in accordance with SEC guidelines, internal standards, and industry best practices. The Reserves Engineer will collaborate with reservoir engineering, geoscience, GIS, marketing, operations, and financial planning teams to support corporate strategy, reserve-based lending, and long-range development planning.

Requirements

Bachelor’s degree in Petroleum Engineering or related engineering discipline.
3–7 years of experience in reservoir or reserves engineering within the upstream oil & gas industry.
Ability to work independently and within a team environment
Strong technical understanding of reservoir engineering fundamentals, production forecasting, and economic evaluation.
Proficiency with reserves and economics software (e.g., ARIES, PHDWin, or equivalent) and reservoir engineering software (Whitson+, Combocurve)
Familiarity with SEC guidelines and reserves classification standards (SPE-PRMS, SEC definitions).
Advanced Excel skills & experience with database management preferred.
Detail-oriented with ability to meet deadlines and manage multiple projects.

Responsibilities

Perform reserves evaluations and prepare annual reserves reports in compliance with SEC regulations and company policies.
Conduct decline curve, material balance, rate transient analysis, volumetric, and other engineering analyses to estimate oil, gas, and NGL reserves.
Collaborate with geologists, reservoir engineers, and operations to validate technical and economic assumptions.
Maintain and update reserves databases and economic models (e.g., ARIES).
Support the preparation of external reserves audits and third-party engineering reviews.
Provide input for corporate planning, investor relations, and reserve-based lending requirements.
Monitor well performance, recovery factors, and economic cutoffs to ensure accurate forecasts.
Assist in evaluating development projects, acquisition opportunities, and divestitures from a reserve’s perspective.
Prepare management presentations summarizing reserves results, trends, and assumptions.
Ensure reserves reporting adheres to SEC, SOX, and internal control requirements.