A&D Reservoir Engineer

Elk Range Royalties is an active buyer of mineral and royalty interests in the US. We have partnered with NGP Energy, an investment firm with over 30 years of history investing in the oil and gas industry. This provides us with strong financial backing in the form of patient capital with a long-term horizon. Since our inception in 2020, Elk Range has invested over $1.2B in capital and is currently investing out of its third equity commitment from NGP under Elk Range Royalties III.

Elk Range’s success is driven by our team’s diverse range of talents and our ability to work and learn together to achieve even the most challenging of goals. All of Elk Range’s team members seek to live up to our Five Core Values: Accountability, Transparency, Improvement, Trust, and Commitment through all our interactions, both working alongside team members within the company and with mineral and royalty owners we seek to do business with.

Summary

We are hiring an Acquisitions Engineer to join our Engineering team. This role is focused on evaluating new mineral and royalty acquisition opportunities, building economic models, running sensitivities, and delivering actionable deal recommendations to our investment committee. You will be expected to evaluate a high volume of opportunities across multiple basins and move quickly without sacrificing rigor. In addition, you will support the reserves team on an as-needed basis (~20% of time), helping with quarterly updates and integration of new acquisitions into the corporate database. This is an in-office role at our Dallas headquarters and reports to the EVP Engineering/COO.

Accountabilities and Responsibilities

Deal Evaluation & Underwriting (~80%)

  • Evaluate new mineral and royalty acquisition opportunities from origination through close, including type curves, locations, and PDP modeling.

  • Run deal-level sensitivities on commodity pricing, development timing, and spacing assumptions to frame risk/reward.

  • Prepare investment materials and present deal recommendations to company with clear, data-driven narratives.

  • Collaborate with the land team to reconcile ownership, unit configurations, and net revenue interest assumptions.

Reserves Support (~20%)

  • Support the Reserves Manager with quarterly reserves updates across the Elk Range portfolio (~10,000+ well database across multiple entities).

  • Integrate newly closed acquisitions and recent activity wells into the corporate ComboCurve database.

  • Assist with production forecast adjustments, decline curve maintenance, and development timing model updates.

Key Strengths

  • Analytical rigor with commercial instinct. You can build a model and also explain why a deal does or doesn’t work.

  • Speed and throughput. You thrive in a high-volume environment and can triage opportunities quickly without losing accuracy.

  • Attention to detail. Understanding how each assumption contributes to the bottom line.

  • Self-starting and high agency. Able to be self-directed in your learning and "connect the dots" across geologic, engineering, and financial data.

Hard Skills

  • Bachelor’s degree in petroleum engineering, engineering, mathematics, or related field.

  • 1–5 years’ experience in acquisitions, reservoir engineering, or economic evaluation of oil and gas assets.

  • Technical proficiency in ComboCurve/Aries for decline curve analysis and economic modeling.

  • Working knowledge of Spotfire/Power BI for data visualization and QGIS/ArcGIS for geospatial analysis.

  • Python, SQL, git skills are a strong plus.

Travel Requirements

Potential 5%–10% domestic and international travel required for meetings, trainings, and conferences. International travel would involve an annual on-site training session with the team in India.

Benefits

• Competitive salary

• Medical/Dental/Vision Insurance

• SEP IRA Plan with 10% company contribution

• Unlimited PTO

• 14+ Paid Holidays

• Annual Performance Based Bonus and potential for equity compensation with tenure

• Brand new renovated office location in the Dallas Design District with in-office gym

• Company-provided lunches

• Regular offsite team building events

If you are interested in this role, please submit your resume to careers@elkrange.com