Planning & Reserves Engineer

Midland, TX

Position Summary

Our client is seeking a highly motivated Reserves Engineer to support the company’s Planning & Reserves function, reporting directly to the VP of Planning & Reserves. This role will play a critical part in maintaining the integrity of the company’s reserves, forecasting, and long-range development planning processes across the company’s asset base.

The ideal candidate is a technically strong and highly organized engineer who can operate independently, manage large datasets and forecasting workflows, and contribute meaningfully to cross-functional business planning discussions. This role requires an individual who understands how reserves, forecasting, operations, development planning, and financial considerations intersect to drive enterprise decision-making.

Key Responsibilities

- Maintain and support the company’s reserves and planning databases, ensuring accuracy, consistency, and auditability

- Prepare and maintain PDP, PUD, probable, and possible reserve forecasts, corporate production forecasts, and long-range development forecasts

- Develop, update, and maintain LOE (Lease Operating Expense) models within the reserves database to support forecasting and economic evaluations

- Maintain and track development inventory, including inventory ranking, development timing, and progression of locations through the planning lifecycle

- Support annual and mid-year reserve processes, including coordination with third-party reserve engineers and internal functional groups

- Perform decline curve analysis, forecasting, and economic modeling to support reserve bookings, development planning, and capital allocation decisions

- Support annual budgeting, long-range planning, and forecast reconciliation processes across the asset base

- Perform forecast-to-actual performance analysis to improve forecasting accuracy and reserve confidence

- Conduct scenario modeling and sensitivity analysis in conjunction with FP&A team to support strategic planning and capital allocation decisions

- Maintain and improve reserves workflows, forecasting methodologies, and data quality processes

- Partner cross-functionally with Reservoir Engineering, Geoscience, Drilling & Completions, Production Operations, Accounting & Finance, and Commercial / Marketing teams

- Assist with preparation of materials for bank presentations, investor materials, and internal management reporting

- Identify inefficiencies within planning and reserves workflows and proactively recommend improvements

- Support integrity and consistency of planning and reserves data across evolving business systems and data platforms

- Support ongoing data warehouse and systems integration initiatives related to planning and reserves data

Qualifications

- Bachelor’s degree in Petroleum Engineering or related engineering discipline

- Approximately 5–10+ years of industry experience, preferably within the Permian Basin

- Strong working knowledge of ARIES, PHDwin, Microsoft Access, and Excel

- Experience with reserve forecasting and bookings, decline curve analysis, economic modeling, and long-range planning

- Familiarity with SEC reserve reporting processes preferred

- Experience supporting both Midland Basin and Delaware Basin assets preferred

- Experience with data management, systems integration, or analytics tools is beneficial

What We’re Looking For

- Self-starter capable of operating with minimal oversight

- Strong analytical and organizational skills

- High level of ownership and accountability

- Ability to manage complex datasets and forecasting workflows with accuracy and attention to detail

- Cross-functional mindset with understanding of how planning decisions impact the broader business

- Strong communication skills with ability to explain technical concepts clearly

- Comfortable working in a fast-paced, evolving organization with changing priorities

Success in This Role

- Demonstrate strong ownership of the company’s reserves and planning workflows

- Deliver accurate and reliable forecasts that support development and financial planning

- Integrate effectively with cross-functional teams across the organization

- Improve efficiency and consistency within existing planning and reserves processes

- Provide meaningful support during reserve processes and strategic evaluations

- Build strong working relationships with technical, operational, and financial teams

About OUR CLIENT

Our client is a privately backed upstream oil and gas company focused on the acquisition and development of assets in the Permian Basin. The company is built on a foundation of opportunistic growth, disciplined capital allocation, and a high-performing, cross-functional culture.

Why OUR CLIENT

- Competitive salary with generous bonus structure and benefits.

- High visibility and direct exposure to executive decision-making

- Opportunity to influence strategic planning and development decisions

- Cross-functional environment with broad business exposure

- Lean, entrepreneurial culture focused on ownership and execution

- Opportunity to help shape evolving planning and reserves systems and processes