Senior Reservoir Engineer - Asset Evaluation

Devon Energy
Houston
Workplace: OnsiteFull timeFunction: Solutions Engineering & Sales EngineeringExperience: 10+ yearsEducation: bachelorsSkills: ["Collaboration","Data analysis","Economic analysis"]

Support Devon’s Asset Evaluation Team on acquisitions and divestitures, delivering fast-turnaround reservoir engineering and economic analyses. You’ll perform discounted cash flow and reserves studies, evaluate LOE and operational costs, and build capital and expense models using large datasets to define reservoir characteristics and type curves. Working on-site in Houston, you’ll collaborate with geoscience, drilling, production, and land teams to recommend asset and company valuations.

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Devon Energy
Devon Energy
1 month ago

Senior Reservoir Engineer - Asset Evaluation

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Last checked: 36 minutes agoStatus: Live

Job Summary

Support Devon’s Asset Evaluation Team on acquisitions and divestitures, delivering fast-turnaround reservoir engineering and economic analyses. You’ll perform discounted cash flow and reserves studies, evaluate LOE and operational costs, and build capital and expense models using large datasets to define reservoir characteristics and type curves. Working on-site in Houston, you’ll collaborate with geoscience, drilling, production, and land teams to recommend asset and company valuations.
Location: Houston
Workplace: Onsite
Employment Type: Full time
Job Function: Solutions Engineering & Sales Engineering
Seniority: Mid level

Key Responsibilities

  • •Collaborate with geoscience, drilling, production, and land teams to complete asset evaluations.
  • •Conduct discounted cash flow analysis and recommend valuations for assets and companies.
  • •Perform economic analysis for acquisitions and merger opportunities using Excel and ARIES.
  • •Gather and interpret large datasets to define reservoir characteristics, generate type curves, and build capital and expense models.
  • •Conduct reserves studies and well performance analysis (pressure interpretation, volumetric calculations, decline curve evaluations) while maintaining data accuracy in technical and economic reporting.
Travel: Low travel

Key Requirements

  • •Bachelor’s degree in Petroleum, Chemical, Mechanical Engineering, or a closely related field.
  • •Minimum of 10 years of experience in reservoir engineering (or a related technical discipline).
  • •Minimum of 2 years of experience in Business Development.
  • •Experience conducting reserves evaluations for reporting and forecasting purposes.
  • •Proficiency with ARIES, Spotfire, and Excel for technical and economic evaluations.
Experience:10+ yearsOil and gas
Education:Bachelor's in Petroleum, Chemical, Mechanical Engineering
Skills:CollaborationData analysisEconomic analysis
Tech Stack:ARIESSpotfireExcel

Company Brief

Devon Energy
Independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. Operates major assets across U.S. shale basins and emphasizes capital-efficient production and shareholder returns.
Industry: Oil & Gas
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Oklahoma City, United States
Founded: 1971
WebsiteLinkedIn