Associate Reserves 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
Elk Range Royalties is seeking an Associate Reserves Engineer, which is a high-impact and visible role on our team. The successful applicant will be an integral part of the Engineering Team and will report directly to the VP of Engineering as well as work closely with the VP of Finance and Accounting and CEO. The role will be in Dallas, Texas and is required to be in-person.
Job Responsibilities
Lead reserves administration across Elk Range portfolio (>10,000 well database across multiple entities).
Integrate new acquisitions and recent activity wells into corporate database.
Adjust production forecasts, type curves and development timing models.
Coordinate with land administration on ownership and unit assumptions.
Manage offshore resources to optimize team productivity.
Deliver quarterly reserves updates and accompanying reporting to management and capital partners.
Coordinate with third-party institutions to facilitate divestitures and reserve redeterminations.
Support year-end financial audits with supplementary reporting.
Key Strengths
Attention to detail. Understanding how each assumption contributes to the bottom line is key.
Desire to learn and increase responsibility. The end goal is for you to own our reserves process.
Self-starting and high agency. Able to be self-directed in your learning and "connect the dots".
Hard skills
Bachelor's degree in engineering, mathematics, or related field
0-5 years' experience in reservoir engineering, reserves, or database management
Technical proficiency in Combocurve/Aries, Spotfire/PowerBI, QGIS/Arc
Python and SQL skills are a 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 base salary and bonus opportunities
Medical/Dental/Vision Insurance
SEP IRA Plan with 10% company contribution
Unlimited PTO and Flex Scheduling with tenure
14+ Paid Holidays
Newly renovated office location in the Dallas Design District with in-office gym
Company-provided lunch on Fridays
Regular offsite team building events
Elk Range Royalties is an equal opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State/Province or Local status unrelated to the performance of the work involved.