Title

Senior Reservoir – Acquisitions Engineer

Compensation

• Base Salary, depending on experience, is between $145-165 K
• This position is Bonus Eligible (up to 30%) and the client has paid bonus each of the past 10 years.
• Upon acceptance of employment you will likely receive shares of stock (this will be substantial and could have a value of, when fully vested, close to your annual salary)
• Exceptional Relo package
• Exceptional Medical and Dental Benefits

Location

Dallas, Texas

Client

Our client is a growing independent oil and gas company. The Company is the largest oil and natural gas operator in Mississippi, owns the largest reserves of CO2 used for tertiary oil recovery east of the Mississippi River, along with significant operating acreage in the Barnett Shale play near Fort Worth, Texas, and also holds properties in Southeast Texas. The Company’s goal is to increase the value of acquired properties through a combination of exploitation, drilling and proven engineering extraction practices, with its most significant emphasis relating to tertiary recovery operations.

Since they acquired their first carbon dioxide tertiary flood in Mississippi in 1999, they have gradually increased their emphasis on these types of operations. During this time, they have learned a considerable amount about tertiary operations and working with carbon dioxide. Their tertiary operations have grown to the point that approximately 50% of their December 31, 2008 proved reserves are proved tertiary oil reserves, almost 50% of their forecasted 2009 production is expected to come from tertiary oil operations (on a BOE basis), and almost all of their 2009 capital expenditures are related to their current or future tertiary operations.

In addition, they are pursuing anthropogenic (man-made) sources of CO2 to use in their tertiary operations, which they believe will not only help them recover additional oil, but will provide an economical way to sequester CO2. They have acquired several old oil fields in their areas of operations with potential for tertiary recovery and plan to acquire additional fields, and they are continuing to expand their CO2 pipeline infrastructure to transport CO2.

Our client is currently looking for one exempt Senior Reservoir/Acquisitions Engineer in our Acquisitions Department in the Plano, Texas office. The position will report to the Vice President – Business Development and will require some travel. The Senior Reservoir/Acquisitions Engineer will be responsible for field studies and acquisition support in our client’s core regions (Gulf Coast Texas, South Louisiana, Mississippi and Fort Worth Basin).

Job Details

• Strategic thinking and economic analysis skills.
  
• Advanced level data analysis skills.
  
• Good team and interpersonal skills with the ability and desire to work within a multidisciplinary team.
  
• Independent, self-motivated, organized, creative and results oriented.
  
• Ability to handle multiple projects with assigned deadlines.
  
• Strong communication and presentation skills with the ability to work directly with all levels of personnel, including executive management.

Education & Experience

• Provide reservoir engineering support to a multi-discipline acquisitions team in the review of acquisitions and study of mature oil fields. The acquisitions team consists of geology, land, legal, accounting, operations, etc.
  
• Estimating reserves and forecasting for property acquisitions. Educational/Industry Requirements:
  
• Minimum BS in Engineering with a preference in Petroleum Engineer.
  
• 10+ years active industry experience.
  
• Prior acquisitions experience and a working knowledge of Aries is a plus.