OBO Reservoir Analyst

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Job Summary

Position Overview

Permian Basin Overview

ConocoPhillips and its heritage companies have operated in the Permian Basin for almost 100 years. The transformational acquisitions of Concho Resources Inc. and Shell Enterprises LLC’s prolific positions in the Delaware and Midland Basins in 2021 further strengthened the company’s position in the Permian Basin. At year-end 2023, the company held approximately 1 million total net acres in the Permian Basin.

During 2023, net production averaged 719 MBOED.

Permian Operated by Others (OBO)

The company’s competitive portfolio includes assets operated by others in both Midland and Delaware Basin. Through partnerships with leading operators in the Permian, ConocoPhillips has a high-quality opportunity set that provides program flexibility and optionality. The OBO position is a strategic complement to the company’s operated position with ongoing acreage trades and business development transactions to manage risk and improve overall value of all Delaware and Midland basin assets.

In 2023, the company participated in over 500 gross new drilled wells operated by others with an average working interest of 18%. The OBO position includes over 5,300 gross non-operated producing wells.

Description

The Permian Business OBO group is seeking a highly motivated and qualified individual to take an active role in the Midland Basin OBO group as a Reservoir Engineering Analyst. As a critical member of the team, you will collaborate with individuals across the Permian Business Unit to support all aspects of well inventory management, well ballot elections, reserves booking, and database management across the organization.

Your responsibilities may include:

• Maintain and manage well inventory for Midland Basin OBO including forecasts, costs, and header data in ValNav database and JVApp
• Coordinate with Engineers and Geologists to update and document analysis through the ballot election process
• Coordinate with land personnel to maintain interests and lease information in OBO database
• In collaboration with Finance, steward AFE process in Generwell, including but not limited to, AFE creation and providing reports to asset teams on AFE status updates
• Interface with Planning team during major outlooks and LRP to ensure consistency in Planning activities and implementation of development program
• Coordinate with IT and Planning on data and process integration
• Update, create and manage database materials; research database errors and provide solutions
• Build and format Excel spreadsheets, manipulating data between Excel and Access and other platforms
• Provide ad-hoc support for basin studies and special projects for the larger Joint Venture team
• Support inventory requests for land trades and business development opportunities

Basic/Required:

• Must be legally authorized to work in the United States on a full-time basis for anyone other than current employer
• Intermediate proficiency with Microsoft O365 applications: Excel, Outlook, PowerPoint, SharePoint, Teams, and Word

Preferred:

• Bachelor’s degree or higher in Business, Math, Science, Information Technology, other related business field, other related technical field, or foreign equivalent
• 3 or more years of experience in upstream oil and gas
• 1 or more years of experience in handling change and leading others
• Intermediate knowledge of oilfield terminology and operations required
• Intermediate proficiency in ValNav, Generwell, and/or other execution scheduling applications
• Self-starter, motivated, and capable of independent problem solving with minimal supervision while involving multiple groups or disciplines
• Excellent communication and teamwork skills and be able to coordinate multiple projects
• Detail oriented and accuracy driven
• Write scripts and views as needed to create and maintain Spotfire reporting tools
• Takes ownership of actions and follows through on commitments by holding others accountable and standing up for what is right
• Delivers positive results through realistic planning to accomplish goals
• Builds effective solutions based on available information and makes timely decisions that are safe and ethical

Apply Before: November 15, 2024

Sponsorship:

ConocoPhillips’ sponsorship for employment authorization in the U.S. is NOT available for this position.

EEO:

In the US, ConocoPhillips is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity or expression, genetic information, or any other legally protected status.