Careers

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America.  Primary company focus is conventional vertical and horizontal wells in the Central Basin Platform and Northwest Shelf. 

POSITION SUMMARY & RESPONSIBILITIES:

The position will be based out of the company’s office in Midland, Texas. The candidate will be part of a multi-disciplinary team consisting of engineers, geoscientists and land professionals and should be self motivated and focused on providing support.  Must be able to handle multiple projects while meeting the established deadlines. Must have a good understanding of oil & gas operations and experience with spotfire, Aries experience is a plus. Must work well in a team setting and communicate effectively.

ROLES AND RESPONSIBILITIES:

• Gather well information and production data from public and internal databases
• Independently create and maintain engineering databases and ensure data quality of all data imports
• Work closely with the Subsurface team, D&C team, and Technology team as well as the Data Management team daily to ensure databases remain organized and updated
• Utilize reservoir engineering software to prepare production forecasts for internal analysis
• Assist in the development and maintenance of data visualization and analysis tools using Spotfire
• Assist in team communication efforts in areas such as reporting, power point slide creation and formatting
• Own and automate processes to extract data from static reports into other databases
• Ability to run economic scenarios and have a strong understanding of Aries
• Coordinate with other departments to acquire information or report data and activities
• Assist in the evaluating of exploitation opportunities, including new drill wells, recompletions and workover projects
• Ability to create and utilize technical workflows in Spotfire
• Seek to improve and increase efficiency of routine analysis
• Support documentation process to justify investment opportunities to management
• Work with production engineers to perform well investigations to identify needed maintenance and workovers
• Support Corporate reserves team with building LOE, Differentials and CAPEX models using connected Sql databases and Spotfire. Ability to support analysis of the data

• Understand and follow all safety policies & procedures based on company HSE program

QUALIFICATIONS:

• 2 – 6 years of industry related experience preferably with a concentration in reservoir engineering
• Bachelor's Degree in geology, engineering or computer science related
• Experience with data manipulation, management, and QC
• Must be detail oriented with an investigative mind and ability to troubleshoot
• Proficient in MS Office, SQL, and Spotfire
• Aries and ComboCurve experience is a plus
• Ability to work flexible hours, as needed
• Exceptional work ethic with a high degree of integrity
• Strong written and verbal communication skills
• Highly motivated individual who works well in a fast-paced environment

BENEFITS:

Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off. Work schedule includes half day- Fridays every week and the position will also be eligible for Ring’s AIP (bonus) and LTIP (stock) programs.

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America. Primary company focus is conventional vertical and horizontal wells in the Central Basin Platform and Northwest Shelf.

POSITION SUMMARY & RESPONSIBILITIES: 

The position will be based out of the company’s office in Midland, Texas. Candidate will be part of a multi-disciplinary team consisting of engineers, geoscientists and land professionals and will provide support through his/her knowledge of reservoir characterization, reservoir management, performance analysis and surveillance. Must be able to handle multiple projects while meeting the established deadlines. Must have Aries experience and a good understanding of oil & gas operations. Must work well in a team setting and communicate effectively.

Description of Tasks:

• Ability to run economic scenarios and have strong understanding of Aries
• Assist in the evaluating of exploitation opportunities, including new drill wells, recompletions and workover projects
• Ability to perform evaluation on Non-Op opportunities
• Ability to create and utilize technical workflows in Spotfire
• Seek to improve and increase efficiency of routine analysis
• Proficient and strong understanding of probabilistic and deterministic methods
• Support documentation process to justify investment opportunities to management 
• Conduct technical reviews and asset valuations for both operated and Non-Op to maximize asset value
• Decline curve analysis for reserves estimation and reporting
• Provide look back analysis of recently drilled development programs and incorporate findings into future development plans
• Work with production engineers to perform well investigation to identify needed maintenance and workovers
• Support Corporate reserves team with building LOE, Differentials and CAPEX models using connected Sql databases and Spotfire.
• Understand and follow all safety policies & procedures based on company HSE program

QUALIFICATIONS:

• B.S. in Engineering required; B.S. in Petroleum Engineering preferred
• 2 – 4 years of industry related experience preferably with a concentration in reservoir engineering
• Must have Aries experience
• Proficient computer skills with MS Office.
• Working knowledge of Spotfire & other reservoir software
• Ability to work flexible hours, as needed
• Exceptional work ethic with a high degree of integrity
• Strong written and verbal communication skills
• Highly motivated individual who works well in a fast-paced environment

BENEFITS:

Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off. Work schedule includes half day-Fridays every week and the position will also be eligible for Ring’s AIP (bonus) and LTIP (stock) programs.

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America. The primary company focus is Horizontal San Andres wells in the Central Basin Platform and Northwest Shelf, with an expanding footprint in the Permian.

POSITION SUMMARY & RESPONSIBILITIES:

The position will be based out of the company’s office in The Woodlands, Texas. This role will be primarily involved with corporate reserves, corporate planning and reservoir studies and will include a lead role in the preparation and accuracy testing associated with the SEC reserves process.  Candidate will be part of a multi-disciplinary team consisting of engineers, geoscientist and land professionals and will provide support through his/her knowledge of reservoir characterization, reservoir management, performance analysis and surveillance.  Must be able to handle multiple projects with minimal supervision, while meeting the established deadlines.  Must work well in a team setting and communicate efficiently with a strong emphasis on prioritization, accuracy, and presentation skills. Must have extensive ARIES experience.

Description of Tasks:

• Primary role will be in corporate reserves and corporate planning
• Responsible for the annual reserve process including compliance with internal / external reserve auditors, optimizing reserve additions through upside support, and any related reserve reporting requirements
• Analyze well reserve levels for economic value analysis and company reporting requirements according to established schedules
• Developing LOE and CAPEX models for corporate modeling
• Prepare comprehensive cash flow analyses and modeling for capital and expense projects
• Collect, analyze and summarize information and trends
• Manipulate data and make appropriate business recommendations for meeting or exceeding requirements
• Participate in long range business planning by preparing quarterly production volume forecasts and projections
• Prepare cost comparisons on budgeted versus actual expenditures
• Evaluate internal production data and acquisition candidate data, and review project proposals and plans
• Develop production and reserve reports for regulatory and company reporting requirements
• Assume additional responsibilities and perform special projects as needed or directed
• Work with Planning and Performance Management team to ensure robust commercial analysis of drilling inventory, capital program and ongoing operations
• Provide training, coaching and mentorship, provide engaging career development opportunities for staff
• Work with Management to ensure compliance with corporate processes

QUALIFICATIONS:

• S. in Engineering required; B.S. in Petroleum Engineering preferred.
• 7-15 years of industry related experience preferably with a concentration in reservoir engineering, but experience in operations is required.
• Worked with an operator in Corporate Reserves/Reservoir team
• Public Company experience is a plus
• Proficient computer skills with MS Office
• Extensive knowledge of ARIES and working knowledge of Spotfire
• Ability to work flexible hours, as needed
• Exceptional work ethic with a high degree of integrity
• Strong written and verbal communication skills.
• Highly motivated individual who works well in a fast-paced environment.

BENEFITS:

Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off.

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America. The primary company focus is Horizontal San Andres wells in the Central Basin Platform and Northwest Shelf, with an expanding footprint in the Permian.

POSITION SUMMARY & RESPONSIBILITIES: 

The position will be based out of the company’s office in The Woodlands, Texas. Primary responsibilities include accurate and timely processing of revenue allocations, purchaser statement bookings and owner distributions.

Description of Tasks:

• Accurately record monthly revenues.
• Assist with owner relations inquires.
• Prepare monthly journal entries as required.
• Prepare account reconciliations and detailed revenue variance analysis.
• Interpret purchaser settlement statements.
• Assist with annual 1099’s.
• Other ad hoc projects and support, as necessary.

QUALIFICATIONS:

• 2-5 years oil and gas revenue accounting experience required.
• Experience with an oil & gas operator is preferred.
• Strong Microsoft Excel skills are required. Must be efficient in Excel with use of PIVOT tables and VLOOKUP.
• Successful candidates for this position must have strong analytical skills, be a motivated self-starter, and possess the ability to multi-task and meet deadlines.
• This position requires strong verbal and written communication skills.
• The candidate must possess the ability to interact effectively with external and internal parties at all levels of the organization.
• Position may require overtime to meet stringent deadlines.
• Experience with OGSys accounting software a plus.

EDUCATION

• Candidate must possess a bachelor’s degree in accounting or related area.

BENEFITS:

• Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off.

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America. Primary company focus is Permian conventional development on the Central Basin Platform and Northwest Shelf.

POSITION SUMMARY & RESPONSIBILITIES: 

The position will be based out of the company’s office in The Woodlands, Texas. The candidate will be part of a multi-disciplinary team consisting of engineers, geoscientists and land professionals. The position’s main focus will be performing economic valuations of potential acquisitions and divestitures. This is a dynamic role that requires the candidate to have entrepreneurial skills with a high-level understanding of engineering, operations, and financial disciplines. Must work well in a team setting and communicate efficiently with a strong emphasis on prioritization, accuracy, and presentation skills.

Description of Tasks:

• Primary focus on evaluation of acquisition & divestiture opportunities
• Quickly scope and accurately screen potential acquisition opportunities
• Conduct technical reviews and asset valuations for both business development opportunities and operated positions to maximize company portfolio value
• Assist in technical evaluations and presentations of materials for the executive management team and investor relations departments
• Ability to perform complex valuations incorporating financial statements, commercials, engineering and build financial models
• Participate in data room management presentations and provide executive summaries to management team
• Ability to research and provide market movements, benchmarking, and identify key value metrics
• Position will also provide support to Subsurface Development group as needed
• Proficient and strong understanding of probabilistic and deterministic methods
• Expected to participate in business development conferences, networking, and associations
• Can easily identify limitations in data set and range in certainty of results calculations
• Evaluate and report competitor results and conduct basin studies for benchmarking and acquisition opportunities

QUALIFICATIONS:

• 7 – 13 years of oil & gas industry related experience
• Preferably with an operator and/or investment bank – concentration in reservoir engineering with experience in operations preferred
• B.S. in Engineering required; B.S. in Petroleum Engineering preferred
• MBA not required but preferred
• Proficient computer skills with MS Office.
• Proficient with Aries, FactSet, and Spotfire
• Ability to work flexible hours, as needed
• Exceptional work ethic with a high degree of integrity
• Strong written and verbal communication skills
• Highly motivated individual who works well in a fast-paced environment

BENEFITS:

Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off. Work schedule includes half day- Fridays every week and the position will also be eligible for Ring’s AIP (bonus) and LTIP (stock) programs.

COMPANY PROFILE:

Ring Energy, Inc. (NYSE American: REI) is headquartered in The Woodlands, Texas and is a Texas-based oil and gas exploration, development, and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America.Primary company focus is Horizontal San Andres wells in the Central Basin Platform and Northwest Shelf.

POSITION SUMMARY & RESPONSIBILITIES:

The position will be based out of the company’s office in The Woodlands, Texas. Candidate will be responsible for production monitoring & optimization, well work planning & execution, and artificial lift design & evaluation. With minimal supervision, must be able to handle multiple projects while working on both office and field work simultaneously. Must work well in a team setting and communicate effectively with a strong emphasis on safety.

Description of Tasks:

• Monitor Daily production and communicate variances to supervisor.
• Perform production optimization activities to ensure reliability and optimum well performance.
• Prepare cost estimates and procedures for well remediation, review reports, communicate with field supervisors, track costs, verify invoices and perform post job analysis.
• Design, analyze and optimize artificial lift systems with a focus on ESP and rod lift.
• Track capital expenditures and LOE in assigned areas. Perform trend analyses, prepare forecasts and budgets as needed.
• Understand and follow all safety policies & procedures based on company HSE program.
• Produce technical reports and presentations.
• Be available and willing to make field visits, as needed.
• Communicate effectively with field personnel. 

QUALIFICATIONS:

• Engineering degree required; Petroleum Engineering preferred.
• 2 – 10 years of industry related experience.
• Proficient computer skills with MS Office.
• Experience with Industry related software ideal (Rod Star, Production Explorer, Harmony, etc.).
• Strong written and verbal communication skills.
• Ability to perform economic analysis and justification.
• Highly motivated individual who works well in a fast-paced environment.

BENEFITS:

Ring Energy, Inc. offers a competitive compensation plan and a comprehensive benefits program. The benefits program includes healthcare, dental, vision, short-term and long-term disability, 401(k), life insurance, HSA & FSA Plans, and paid time off. The position will also be eligible for the company’s AIP and LTI award programs.