About the role
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.
The primary responsibility of the Reservoir Engineer is to work with other disciplines in a team environment to exploit and develop unconventional resource assets, with consideration given to well spacing, landing zone, development order, and lease obligations most efficiently.
Job Duties and Responsibilities:
- Evaluate well performance using standard and advanced techniques
- Complete reserve calculations, production forecasts, and budgeting for assets
- Evaluate NON-OP proposals and track CAPEX spend and well performance
- Assist in assembling corporate budget
- Develop recommendations for asset development plans that are supported by data and economic analysis
- Recommend collection of reservoir data as appropriate to evaluate reservoirs and enhance future exploitation
- Monitor company and offset results. Capture data and analyze results on a continual basis and make recommendations to enhance ongoing asset development
- Prepare economic assessments on capital projects and prepare periodic technical reviews
- Evaluate acquisition and property trade opportunities on an as needed basis
Required Qualifications:
- B.S. degree or higher in a related engineering discipline
- Minimum of five (5) years’ work experience as a reservoir engineer
- Proficient in economic analysis software and MS Office Suite
- Proficient in reserve estimation
- Demonstrated communication, teamwork, and project management skills
Preferred Qualifications:
- Experience in developing unconventional assets within the Permian Basin
- Experience with NON-OP evaluation and tracking
- Aries and Spotfire software experience preferred
- Basic SQL/Python knowledge would be beneficial
- Motivated self-starter capable of performing with minimal supervision
- Excellent communication skills both verbal and written
- Familiarity with oilfield terminology and operations
Relocation:
This position may be eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.
Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.
Aplyr's read
Diamondback Energy thrives in the Permian Basin, attracting professionals skilled in oil and gas exploration and production. The company offers roles from geology to accounting.
What's promising
- •Strong focus on the prolific Permian Basin, a key oil production area.
- •Recent expansion in technical and operational roles indicates growth.
- •Emphasis on unconventional reserves suggests innovative exploration strategies.
What to watch
- •Oil and gas industry volatility can impact job stability.
- •Environmental regulations pose significant operational challenges.
- •Dependence on the Permian Basin may limit geographic diversification.
Why Diamondback Energy
- •Specializes in unconventional oil and gas reserves, setting it apart from traditional producers.
- •Significant investment in remote operations technology enhances efficiency.
- •Operates primarily in the Permian Basin, a major U.S. oil hub.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Diamondback Energy
Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration, and production of unconventional oil and natural gas reserves in the Permian Basin in West Texas.
