Reservoir Engineer

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. The 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 have a thorough understanding of practical petroleum economic theory. Must work well in a team setting and communicate efficiently with a strong emphasis on prioritization, accuracy, and presentation skills.

Description of Tasks:

  • Assist in technical evaluations and presentations of materials for the executive management team and investor relations departments
  • Provide support to both corporate reserves and A&D departments
  • Ability to create and utilize technical workflows in Spotfire
  • Seeks to improve and increase efficiency of routine analysis
  • Responsible for aiding in evaluating and initiating exploitation opportunities, including new drill wells, and outside operated opportunities.
  • Proficient and strong understanding of probabilistic and deterministic methods.
  • Can easily identify limitations in data set and range in certainty of results.
  • Conduct technical reviews and asset valuations for both operated positions and business development opportunities to maximize economic value
  • Identify and implement business unit improvements to enhance organizational performance.
  • Duties involve identification, justification, and implementation of reserves-bearing opportunities.
  • Short and long-term production forecasting, reserves estimation and reporting, and support of annual budget and planning cycles.
  • Provide ongoing look back analysis regarding recently drilled wells and incorporate findings into future development plans.
  • Evaluate and report competitor results and conduct basin studies for benchmarking and acquisition opportunities
  • Support team with building LOE 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:

  • B.S. in Engineering required; B.S. in Petroleum Engineering preferred.
  • 2 – 5 years of industry related experience preferably with a concentration in reservoir engineering
  • Proficient computer skills with MS Office.
  • Working knowledge of Aries 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 is half- Fridays every week and the position will also be eligible for Ring’s AIP (bonus) and LTIP (stock) programs.

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Accepted formats: PDF, Word Doc

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