Reserves Analyst

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 $1.4B 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 a Reserves Analyst to work directly with our Reserves Manager and support the engineering and data systems that underpin Elk Range's reserves process. This role offers a unique opportunity to gain hands-on exposure to reserves engineering, development planning, and asset management across a large and diverse portfolio.

The analyst will help maintain and improve our reserves database, reconcile engineering and economic assumptions, and support quarterly reporting and audit processes. Through this work, the successful candidate will develop a deep understanding of our assets and reserves methodology while building the skills needed to take on increasing responsibility over time.

The position is open to engineers and analysts fresh out of school as well as those with a few years of experience.

Responsibilities

  • Support reconciliation of undeveloped location counts, PDP declines, and unit economics between our internal database (Maroon Bells) and ComboCurve, resolving discrepancies down to the well and unit level.

  • Recut and maintain spacing units across Elk Range entities, reconciling unit-level changes to ComboCurve.

  • Integrate new acquisitions and recent-activity wells into the corporate database (>10,000 wells across multiple entities).

  • Help maintain development timing assumptions, including inputting work-in-progress (WIP) and time-to-initial-production (TIL) dates as well timing becomes known.

  • Assist with reserves categories reclassification and ensure cost and revenue assumptions are booked consistently across entities.

  • Update well cases and type curve assignments as production history and activity dictate.

  • Identify and resolve duplicate units and other data-integrity issues across entities.

  • Support the Reserves Manager in preparing quarterly reserves updates, RBL reporting, and third-party reserves audit deliverables.

  • Coordinate with land administration on ownership and unit assumptions, and with underwriting to ensure reserves stay consistent with acquisition models.

Key Strengths

  • Attention to detail. Understanding how each assumption contributes to the bottom line is key. Much of this role is triangulating multiple data points until the numbers tie.

  • Organization and follow-through. The ability to work a structured backlog of concurrent tasks to completion without dropping threads.

  • Desire to learn and grow the role. We believe we can continuously improve our reserves process, and this person can become a key contributor to that effort.

  • Self-starting and high agency. Able to be self-directed in learning our systems and “connect the dots” across engineering, land, and finance.

Hard Skills

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

  • 0–5 years’ experience in reservoir engineering, reserves, or database management. New graduates are encouraged to apply.

  • Exposure to or proficiency in ComboCurve / Aries, Spotfire / Power BI, and QGIS / Arc is a plus.

  • Python and SQL skills are a plus.

Travel Requirements

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

Benefits

• Competitive salary

• Medical/Dental/Vision Insurance

• SEP IRA Plan with 10% company contribution

• Unlimited PTO and Flex Scheduling with tenure

• 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

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.

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