Sr. Reservoir Engineer - Permian

Crescent Energy•Houston, TX

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 Sr. Reservoir Engineer-Permian is a senior technical leader and subject matter expert responsible for maximizing economic value from the company's unconventional oil and gas assets. This role leads reservoir characterization, development planning, and production optimization efforts while providing technical mentorship to engineering staff and strategic guidance to senior management. The position requires advanced expertise in reservoir modeling, production forecasting, economic evaluation, and modern analytics including machine learning and numerical simulation. The Reservoir Engineer collaborates across multidisciplinary teams to drive key business decisions on asset development, capital allocation, and reserves management while ensuring compliance with industry standards and regulatory requirements.

Requirements

Bachelor of Science Degree in Petroleum, Mechanical, Chemical, or Geologic Engineering or related field of study
Minimum seven (7) years of Exploration & Production (E&P) or relevant industry experience
Experience in Unconventional Reservoirs
Mix of reservoir, completions, planning, production operations, or drilling experience with active upstream operator preferred
Proficiency in RTA software (Whitson+ or Harmony preferred)
Expert-level proficiency in reserves estimation, decline curve analysis, and advanced reservoir engineering analyses for unconventional reservoirs
Strong technical expertise in reservoir simulation software, production analytics platforms, and data visualization tools
Demonstrated ability to lead technical projects independently, mentor junior engineers, and provide subject matter expertise to multidisciplinary teams
Excellent communication skills with proven ability to present complex technical concepts to executive leadership, board members, and external stakeholders
Strategic thinking and business acumen to align technical recommendations with corporate objectives and financial targets
Advanced analytical and problem-solving abilities to diagnose complex reservoir performance issues and develop innovative solutions
Strong understanding of SEC reserve guidelines, regulatory compliance requirements, and industry best practices
Proven ability to manage competing priorities, meet critical deadlines, and adapt to rapidly changing operational environments
Collaborative leadership style with ability to build consensus across engineering, operations, finance, and commercial teams
Self-motivated with ability to work independently while maintaining alignment with corporate strategy and team objectives

Responsibilities

Work with multidisciplinary team to generate and execute development plans with the goal of maximizing value, including optimization of completion design, well spacing, production practices, landing zones, etc
Serve as technical subject matter expert and mentor to junior reservoir engineers, providing guidance on technical problems and professional development
Analyze well performance using rate transient analysis (RTA), pressure transient analysis (PTA), and numerical simulation when necessary
Leverage machine learning-based analytics tools to build predictive models that evaluate various development scenarios, optimize drilling and completion parameters, and provide data-driven recommendations for field development planning
Interpret fiber, tracer, DFIT, and microseismic data to optimize fracture spacing, completion design, and understand in-situ stress conditions
Perform economic analyses for the purpose of AFE’s and field development
Work with the Finance team on budget and long-term forecasting, consistent with Company’s development plan
Collaborate with finance team to develop corporate level targets and goals and assist with tracking and understanding variance versus Forecast production, capital, and other metrics
Ensure well estimated ultimate recovery (EURs), product pricing, Capex, Opex, pipeline tariffs, processing fees, processing upgrades, and taxes reflect current performance
Support Reserves team in analysis of annual reserves process, including collaboration with third-party Auditors to ensure compliance with reserve reporting practices
Evaluate and report competitor results and collaborate to implement competitor’s best practices where appropriate
Prepare basin level scoping analyses and conduct reservoir simulation studies to determine optimal development plans for oil and gas reservoirs
Represent the reservoir engineering function in corporate planning meetings, operational reviews, and strategic initiatives
Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, and establishing personal networks
Perform other duties as assigned