Devon Energy Corporation

Senior Reservoir Engineer - Asset Evaluation

Devon Energy Corporation$145K — $175K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Petroleum, Chemical, Mechanical Engineering or related field
  • Minimum 10 years of experience in reservoir engineering or a related discipline
  • At least 2 years of experience in Business Development
  • Proficient in ARIES, Spotfire, and Excel for evaluations
  • Extensive experience with reservoir engineering methods and large datasets analysis

Responsibilities

  • Collaborate with teams to complete asset evaluations
  • Conduct discounted cash flow analysis to recommend asset valuations
  • Perform economic analysis for acquisitions and mergers using technical software
  • Organize and interpret datasets to define reservoir characteristics
  • Evaluate operational costs for accuracy and performance alignment
  • Conduct feasibility studies and provide actionable recommendations
  • Maintain data accuracy in technical and economic reporting

Benefits

  • On-site work at Devon's headquarters in Houston, Texas
  • Significant role in asset evaluation and decision-making
  • Collaborative work environment with multiple technical teams
  • Opportunity to impact company acquisitions and divestitures
Full Job Description


Job Profile Summary:

As a Senior Reservoir Engineer at Devon Energy, you will support the Asset Evaluation Team, focusing on Acquisitions & Divestitures (A&D) with project-based evaluations requiring quick turnaround. This role emphasizes reservoir engineering expertise and economic analysis to assess and optimize oil and gas assets. You will report directly to the Manager of the Asset Evaluation Team and work on-site at Devon's headquarters in Houston, Texas.

Essential Duties and Responsibilities:
• Collaborate with geoscience, drilling, production, and land teams to complete asset evaluations
• Conduct discounted cash flow analysis and recommend valuations for assets and companies through the integration of production and inventory value
• Perform economic analysis for acquisitions and merger opportunities using Excel and ARIES
• Gather, organize, and interpret large datasets to define reservoir characteristics, generate type curves, and build capital and expense models
• Evaluate Lease Operating Expenses (LOE) and operational costs for accuracy and alignment with asset performance
• Conduct feasibility studies on existing assets, potential acquisitions, and divestitures, and provide recommendations based on findings
• Perform reserves studies for budgeting, forecasting, and reporting
• Conduct well performance analysis, pressure interpretation, volumetric calculations, recovery factor method assessments, and production decline curve evaluations
• Maintain data accuracy in technical and economic reporting

Skills and Experience:
• Proficiency in ARIES, Spotfire, and Excel for technical and economic evaluations
• Extensive experience with reservoir engineering methods, including material balances, volumetric calculations, and type curve generation
• Advanced capability in analyzing large datasets and applying decline curve analysis
• Experience conducting reserves evaluations for reporting and forecasting purposes
• Familiarity with cost estimation for asset development and operational expenses

Education Requirements:
• Bachelor's degree required: Petroleum, Chemical, Mechanical Engineering or closely related field

Years of Experience:
• Minimum of 10 years of experience in reservoir engineering or related technical discipline
• Minimum of 2 years of experience in Business Development.
• Significant experience in acquisitions, divestitures, and reserves evaluation preferred

TRAVEL REQUIREMENTS:
• 10% - 15%

About Devon Energy Corporation

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs).

Devon Energy Corporation Careers

Join the dynamic team at Devon Energy Corporation, a leading name in the energy sector, where innovation, leadership, and a commitment to sustainability drive the way forward. At Devon, we offer a range of job opportunities that allow you to explore your potential and propel your career to new heights. Work You’ll Do At Devon Energy Corporation, you’ll be part of a culture that cherishes diversity, innovation, and leadership. Our team is composed of highly skilled professionals dedicated to advancing the energy industry through smart, sustainable practices. Whether you’re interested in a technical, administrative, or leadership position, Devon provides a platform for professional growth and personal development. Join our market-leading team to help redefine the energy landscape and make a significant impact on a global scale. Lead from a unique position in the marketplace, at the intersection of technology, industry expertise, and digital innovation. Career Opportunities Devon Energy Corporation is not just a company; it’s a place where you can shape your future. Explore job opportunities in various fields, including engineering, geoscience, environmental science, and business management. With Devon, you can go as far as your ambition takes you, thanks to our extensive support in training, development, and certification. Internship Programs Kickstart your career with Devon’s internship programs. Gain invaluable industry experience, develop your skills, and network with professionals. Our internships provide a solid foundation for understanding the core aspects of the energy sector and help you build a robust resume. Innovation and Growth Drive innovation and contribute to growth within an environment that values visionary thinking and a proactive approach to challenges. Devon is committed to employing advanced technologies and practices that lead to efficient and responsible energy production. Benefits and Culture Choose Devon and enjoy a wealth of benefits that go beyond the standard employment package. We offer competitive health benefits, retirement plans, and continuous diversity training to ensure a supportive and inclusive workplace. Our culture is built on mutual respect, collaboration, and a commitment to excellence. Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, creative, and solution-driven team players. At Devon, every team member plays a crucial role in our success. Stay Connected Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Join our community of forward-thinkers who are dedicated to making a difference in the world. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Devon Energy Corporation. Explore the possibilities with Devon Energy Corporation and be part of a team that’s leading the way in energy innovation and sustainability. Your journey to a fulfilling career starts here.
Learn more about Devon Energy Corporation
Size
1,600 employees
Market Cap
$39.7 billion
Industry
Net Income
-$2.6 billion
Founded
1971
5 Year Trend
+3.4%
Revenue
$4.8 billion
NASDAQ

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