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Reservoir Engineer - Denver Colorado
Company: Kimmeridge Location: Denver, Colorado
Posted On: 06/14/2024
Kimmeridge is an alternative asset manager focused on the energy industry. Through its flagship private funds, public i equity investments and carbon investments the firm aims to deliver reliable, low-cost energy at the lowest cost of entry with no net carbon footprint. Unlike traditional private equity firms, Kimmeridge invests directly in energy assets, leveraging the team's in-house expertise and experience in innovation, geological evaluation, land acquisition, and engineering. Kimmeridge was founded in 2012 and is based in New York and Denver.Responsible for providing Reservoir Engineering support to one of Kimmeridge's in-house Denver-based regional teams. These responsibilities may include, but are not limited to, new prospect generation, development planning & optimization, economic evaluations, flowback management, production forecasting, technical lookbacks, reserves estimation & competitor surveillance. This role will be expected to collaborate with other disciplines including finance, geoscience, land, accounting & field operations.Responsibilities - At any given time, this role will be focused on (i) new investment underwriting, (ii) direct asset management, (iii) collaborating with Kimmeridge portfolio companies, or some combination of the three.
- New investment underwriting: During periods of capital deployment, this role will be expected to work collaboratively with geoscience and finance to value new investment opportunities. This includes forecasting existing (PDP) production, identifying prospective reservoirs, recommending future well spacing and development strategy, developing type curves, conducting LOS analyses, and collaborating with finance to model future cashflows and run acquisition economics.
- Direct asset management: Once an asset is acquired, this role may be expected to help with day-to-day asset management until it can be dropped into one of Kimmeridge's portfolio companies. Responsibilities may include recommending development strategies on an active rig program (completion design, landing zone, well spacing, etc.), managing flowback on new wells, leading reoccurring business processes (budget, reserves, production reporting), reviewing non-op AFE elections, etc.
- Collaborating with Kimmeridge portfolio companies: Once a newly acquired asset is dropped into a Kimmeridge portfolio company, this role will be expected to liaise with their peers at said portfolio company to lend resources/expertise and to ensure cross-pollination of ideas between the more asset-focused portfolio team and the broader focused ("regional") in-house Kimmeridge team. This may entail participating in reoccurring meetings hosted by the portfolio company, providing them with technical support, collaborating on bolt on acquisition valuations, etc.Skills and Experience
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