Senior Reservoir Engineer

Formentera Partners LP•Austin, TX

About The Position

The Senior Reservoir Engineer will provide technical and commercial leadership in subsurface development planning and asset evaluation across a diverse asset base in multiple U.S. basins. The role combines reservoir engineering expertise with business judgment to identify value-creating opportunities and serve as a go-to technical resource for the team. The engineer will work with multidisciplinary colleagues to select and optimize development programs, evaluate well spacing and completion designs, analyze production and subsurface performance, and support reserves, commercial opportunities, and capital decisions. The role also includes mentoring engineers and analysts, defining reservoir engineering best practices, and managing assigned projects.

Requirements

  • Bachelor of Science in Petroleum Engineering or a related field.
  • At least 7 years of reservoir engineering experience focused on subsurface development and asset evaluation.
  • Strong technical expertise in rate transient analysis, PVT, and numerical modeling, with a solid understanding of reserves.
  • Sound grasp of statistics and risk assessment, with the ability to apply them to production forecasts, asset valuations, and economic decisions.
  • Strong commercial skills, including a proven ability to identify opportunities, evaluate economics, and drive development decisions.
  • The position is not open to candidates requiring visa sponsorship at this time.

Nice To Haves

  • A&D experience, including technical evaluation and due diligence.
  • Experience with unconventional completions, flowback, and artificial lift.
  • Working knowledge of SEC reserves guidelines.
  • Understanding of midstream, takeaway, and marketing considerations and their impact on development planning and economics.
  • Knowledge of engineering and economics/reserves software such as ComboCurve, ARIES, and PHDwin; reservoir analysis tools such as Whitson+; and data and BI tools such as Spotfire, Power BI, SQL, and Excel.
  • A background in data analytics, programming, and machine learning.

Responsibilities

  • Lead development planning and maintain drilling inventory with a multidisciplinary team to select, optimize, and execute development programs.
  • Evaluate well spacing, parent-child interactions, and completion design to optimize unit-level value.
  • Perform and review advanced reservoir analysis, including rate transient analysis, numerical modeling, and PVT/fluid characterization.
  • Build and maintain type curves and production forecasts across the asset base, applying statistical and risk-based thinking to understand forecast uncertainty and its business impact.
  • Understand the reserves implications of forecasts and development plans and support the reserves process as needed.
  • Identify, screen, and advance commercial opportunities, including organic development, acquisitions, and divestitures; provide A&D technical evaluation, due diligence, and valuation support.
  • Prepare and present economic metrics for drilling prospects, asset optimization, and capital projects to support budgeting, and complete lookback economics.
  • Work with production engineering and geology to monitor company and offset well performance, address subsurface challenges, and identify opportunities to increase production, enhance recoveries, and reduce operating expenses.
  • Serve as a go-to technical resource, define reservoir engineering best practices, and mentor engineers and analysts through peer reviews and knowledge sharing.
  • Manage assigned projects against plan, keeping stakeholders and decision makers informed of progress and changes.

Benefits

  • Competitive base salary.
  • Annual bonus eligibility.
  • 100% employer-covered health insurance premiums.
  • 401(k) with 4% employer match.
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