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Posted: 18 Jul 2008
Location: Bakersfield, CA, USA
Sr. Reservoir Engineer Bakersfield, CA, USA
Status:Full Time, Employee
Relevant Work Experience:7+ to 10 Years
Career Level:Experienced (Non-Manager)Education Level:Bachelor's Degree
An exciting and challenging opportunity currently exists at growth oriented Plains Exploration & Production Company (PXP) for the below listed position. PXP is an independent oil & gas company primarily engaged in the upstream activities of acquiring, exploiting, developing, and producing oil & gas in its core areas of operation: onshore and offshore California, Texas, and the Gulf Coast region of the United States.
We are currently recruiting for the following position at our Bakersfield, CA or Houston, TX location.
SR. RESERVOIR ENGINEER
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Reservoir surveillance of existing company properties to monitor production performance and make recommendations for optimization of production rates and reserves.
• Carry out field and reservoir studies as part of an integrated team and perform reservoir engineering functions including decline curve analysis, material balance, volumetrics, waterflood studies, pressure transient analysis, nodal analysis, etc.
• Evaluate and initiate exploitation opportunities including new drill wells and workovers.
• Prepare production forecasts, operating plans, expenditure forecasts, etc. and evaluate economic models for asset valuations and budget preparation.
• Prepare project economics as required for exploitation and exploration operations.
• Experience with waterflooded and/or thermal recovery oil fields very favorable. The position will initially focus on oil fields located in LA Basin and/or San Joaquin Valley, California.
• Support exploration teams in evaluation of projects including construction of economic models, probabilistic estimation of reserve potential, play analysis, production forecasting, evaluation of possible development scenarios, commercial thresholds, capital commitments, operating expenses and overall operational plans. Perform risked economic assessment including decision tree analysis.
• Organize and maintain well and field data information to establish reserve revisions as appropriate for quarterly reporting and to provide engineering consulting firms with appropriate data in a concise format for year-end reserve determinations.
• Attend non-operated partner meetings and provide technical input to reservoir, production and operational concerns.
• Evaluate and perform detailed assessments of potential acquisition and divestiture candidates.
• Make presentations to senior management and partners as required.
EDUCATION AND EXPERIENCE:
• Petroleum Engineering Degree required (either as B.S. or M.S. level). Minimum B.S. in engineering required (Pete.E., Mech. E., Chem. E.)
• Minimum of 10 years of reservoir engineering experience, preferably in the oil and gas industry, with a technical proficiency in all areas of reservoir engineering
• Early career experience in field operations with exposure to production and drilling activities at a major oil company.
• Must have a working knowledge of commercial oil and gas economics software. PXP uses Merak’s PEEP. Training will be provided.

Contact Information:
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