Senior Petroleum Economist – Dallas, TX

DeGolyer and MacNaughton (D&M) is seeking a Senior Petroleum Economist. The selected candidate will work closely with petroleum engineers and other petroleum professionals to conduct independent evaluations of reserves or contingent resources according to multiple industry standards and communicate those results through verbal and written reporting. The petroleum economist functions as a core member of the evaluation team and prepares analyses of upstream oil and gas assets in all parts of the world.

The position involves preparing and utilizing detailed economic models of upstream developments that depict various global contract terms and fiscal regimes. The position also includes verifying the accuracy of the resultant cash flows and the quality control of detailed production, pricing, and cost forecast inputs. Daily activities will include conversing with external financial auditors, banks, client financial advisors, and other financial institutions. A familiarity with ongoing international economic conditions will be necessary, particularly as they relate to the energy industry.

Skills and Requirements:

• Bachelor’s degree in economics or finance. Strength in mathematics/science is an advantage. Other degrees will be considered.
• 10+ years of experience performing upstream petroleum economic evaluations with an emphasis on cash-flow modeling and asset valuation. Experience in evaluating international assets for a major IOC or experience with an international auditing firm is an advantage.
• Expertise creating economic models of international upstream projects. Advanced economic modeling skills using Microsoft Excel and programming in VBA, Python, or similar.
• Experience in PEEP, Aries, PHDWin, and/or other economic modeling software is an advantage.
• Must be experienced in assessing and modeling various contract terms and fiscal regimes. Strong experience with modeling PSCs/PSAs is essential.
• Knowledge of the requirements of the United States Securities and Exchange Commission/Financial Accounting Standards Board and experience with reconciliation and the creation of SMV/SMOG tables is an advantage.
• Experience and familiarity with international financial regulations, including those associated with CPRs and initial public offerings, would be a plus.
• Experience and familiarity with financial and tax accounting rules would be advantageous.
• Background in understanding petroleum pricing trends, regional and worldwide, is an advantage.
• Ability to work effectively in a team-oriented work environment on multiple concurrent projects.
• Must be able to communicate results in a clear manner, verbally and in written form. Knowledge of proper English grammar and composition ability is essential. Detail oriented and able to prioritize and work on multiple tasks simultaneously.
• Multi-lingual capability would be an advantage.
• Must be able to deliver on tight time schedules while working effectively with peers and clients. Available to work extended hours from time to time during peak periods.
• Proactive attitude toward achieving project requirements.
• Willing to work onsite and remotely as required.
• US. work authorization required.

DeGolyer and MacNaughton offers excellent compensation and benefits.

Next Steps:

If interested and qualified, submit resume with cover letter. In subject line for email, indicate you are responding to the opportunity “Senior Petroleum Economist”.

with cover letter.

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