16 days old

Oil & Gas Risk Engineer

Houston, TX 77007
**Job Description:**



Responsibilities include analysis and risk assessment of engineering data for oil and gas exploration & production companies in conjunction with new financing transactions under consideration as well as for semi-annual borrowing base redeterminations. Specific duties include: working with engineering analyst, compile raw engineering data into Aries; using experience and judgment, adjust company price, differential, cost and other assumptions as appropriate; determine reserve risk rating based on judgment and various metrics; synthesize quantitative and qualitative data into completed engineering report. Stays abreast of industry developments in order to serve as in-house expert on trends in engineering techniques, producing basins, methodologies, prices, costs etc. BS Petroleum Engineering or equivalent. Minimum of 10 years of relevant experience with preference for at least some in field experience.



Job Description:



+ Perform engineering and economic evaluations of oil and gas assets for reserve based loans.

+ Forecast production and expenses using Aries and PHDWin software based on analysis of historical production, revenue, and operating costs from Lease Operating Statements.

+ Type Curve Analysis.

+ Model cash flows and calculate NPV.

+ Calculate hedge value based on commodity hedges/derivative data.

+ Reconcile differences/changes between evaluations.

+ Present engineering results/opinions to Credit and Risk Management teams .

+ Correlate engineering projects with financial forecasts in order to effectively determine a clients loan amount recommendation / guidelines.

+ Establish and maintain relationships with clients and peer banks.



**Required Skills and Experience:**



+ Bachelors degree in engineering (mechanical, chemical or petroleum); Petroleum preferred.

+ Minimum of 5 years of work experience in reservoir engineering.

+ Advanced or expert user of Aries and PHDW in software applications

+ Proficient with Microsoft office applications including Access, Excel and Word

+ Proven experience working effectively with others

+ Demonstrated strong verbal and written communication skills; ability to present and explain



**Posting Date** : 10/30/2019



**Location** :

Houston, TX, Bank of America Tower, 800 Capitol St,

- United States



**Travel** : Yes, 20% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



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Industry

  • Banking / Finance
Posted: 2019-10-31 Expires: 2019-11-30

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Oil & Gas Risk Engineer

Bank of America
Houston, TX 77007

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