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Staff Reservoir Engineer - Corporate Reserves

Date: Jan 11, 2023

Location: Oklahoma City, OK, US, 73118

Company: Chesapeake Energy

Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Chesapeake’s performance among our E&P competitors.
 

We seek applicants from all backgrounds to ensure we get the best, most creative talent on our team. We realize that, historically, underrepresented groups feel the need to be 100% qualified in order to apply. If you meet any combination of our requirements, we encourage you to apply. We strive to hire people from a wide variety of backgrounds, not just because it’s the right thing to do, but because it makes our company stronger.

Job Summary

This senior level position on our Corporate Reserves team will perform reservoir engineering analysis under general direction and guidance to help ensure the company generates accurate and high-quality reserve reports for various purposes.

Job Duties & Responsibilities

  • Utilizes SEC and Petroleum Resources Management System (PRMS) guidelines to estimate proved, probable, and possible reserves for oil and gas wells and fields
  • Quality checks inputs and outputs in company reserve reports used for various processes (SEC filings, bank credit facilities, acquisitions and divestitures) 
  • Analyzes Lease Operating Statements and other historical accounting information to determine reserve report inputs
  • Trains reservoir engineering staff on forecasting and reserves best practices
  • Utilizes machine learning and data science concepts to build or improve tools to streamline processes and analyses
  • Collaborates with business development and strategic planning counterparts to ensure internal net asset valuations are correct and accurate
  • Evaluates costs and estimates the production capabilities and economic value of oil and gas wells 
  • Evaluates the economic viability of potential drilling sites
  • Analyzes data to recommend placement of wells and supplementary processes to enhance production
  • Monitors production rates and forecasts, works with Production Engineering counterparts to improve production
  • Interprets formation testing information
  • Specifies and supervises well modification and stimulation programs to maximize oil and gas recovery
  • Assists engineering and other personnel to solve operating problems

Job Specific Skills

•    Thorough understanding of SEC and PRMS reserve classifications systems
•    Has intermediate to advanced knowledge of rate transient and pressure transient methods, machine learning and data science concepts
•    Is experienced making evaluations using both deterministic and probabilistic methods
•    Advanced knowledge of unconventional oil and gas reservoirs, especially shale gas resources
•    Has advanced knowledge of quantifying risk and uncertainty
•    Has advanced knowledge of Aries, Spotfire, S&P Global (formerly IHS Markit) Harmony, and Microsoft office software packages
•    Advanced knowledge and practical application of volumetric calculations, decline curve reserve determinations, appropriate analog techniques and material balance assessments
•    Advanced knowledge and practical application of economic evaluation and reserve assessment for exploration programs, development drilling programs, work overs and production optimization opportunities
•    Ability to use rigorous logic, critical thinking skills and methods to solve difficult problems with effective solutions
•    Has experience with SQL coding
•    Python experience a plus

Education

  • Minimum: Bachelor's degree - from accredited university
  • Minimum: One of the following:
  • Bachelor’s degree - from accredited university - Engineering from an ABET Engineering Accreditation Commission (EAC) program, or
  • Professional Engineer (PE) license, or
  • Master’s degree - from accredited university - Master’s of Engineering degree from a program in which the correlating Bachelor’s degree is accredited by the ABET EAC

Experience

  • Minimum: 5 - 8 years related work experience

 

Chesapeake Energy takes necessary action to ensure that all applicants are treated without regard to their race, color, religion, sex, sexual orientation, age, gender identity, national origin, genetic information, disability, pregnancy, military or veteran status or any other protected characteristic as established by law.

 

Chesapeake Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.


Nearest Major Market: Oklahoma City
Nearest Secondary Market: Oklahoma

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