Full-Time

Senior Staff Reservoir Engineer

Confirmed live in the last 24 hours

Diamondback Energy

Diamondback Energy

501-1,000 employees

Acquires and develops oil and gas reserves

No salary listed

Expert

No H1B Sponsorship

Midland, TX, USA

In Person

This position may be eligible for relocation assistance.

Category
Process Engineering
Required Skills
Data Analysis
Requirements
  • Bachelor’s Degree in Petroleum, Mechanical, Chemical, or Electrical engineering discipline
  • A minimum of ten (10) years of experience working as a reservoir, drilling, completions, or production engineer
  • Proficient with economic analysis software (Aries and Spotfire preferred), MS Office Suite, and data analytics tools
  • Advanced proficiency in reserve estimation
  • Excellent communication, teamwork, and project management skills
  • Experience mentoring less experienced engineers
Responsibilities
  • Maintain the corporate net asset value model, including all cash flow components and inventory
  • Prepare economic assessments of past capital projects and provide recommendations to enhance future capital allocation decisions
  • Analyze data and results on a recurring basis and propose continuous improvement recommendations to enhance ongoing asset development
  • Effectively evaluate well performance using standard and advanced techniques
  • Develop advanced reserve calculations, production and risk forecasts, and budgeting for assets
  • Provide advanced technical expertise and evaluation support for acquisition and property trade opportunities on an as needed basis
  • Mentor less experienced engineers and proactively initiate interactions with less experienced engineers
Desired Qualifications
  • Master’s Degree in a related engineering discipline or business
  • Registered and Licensed Professional Engineer
  • Experience acting as a technical mentor or coach to mid-level managers
  • Acquisition and business development risk assessment and decision-making skills
  • Wide range of well-developed software and technical skills, e.g., Aries, Spotfire, programming, economic analysis, etc.
  • Recognized as a corporate expert with well-developed business acumen

Diamondback Energy focuses on acquiring, developing, exploring, and exploiting oil and natural gas reserves, particularly in the Permian Basin of West Texas. The company primarily targets the Spraberry and Wolfcamp formations in the Midland Basin, as well as the Wolfcamp and Bone Spring formations in the Delaware Basin. To support its operations, Diamondback Energy also manages midstream infrastructure, including gathering systems for crude oil and natural gas, through its subsidiary, Rattler Midstream Operating LLC. This allows the company to efficiently extract resources and control the logistics of transporting its products. Unlike many competitors, Diamondback Energy integrates both upstream and midstream operations, which helps streamline its processes and enhance profitability. The company's goal is to maximize the extraction and sale of oil and natural gas while maintaining operational efficiency.

Company Size

501-1,000

Company Stage

IPO

Headquarters

Midland, Texas

Founded

2007

Simplify Jobs

Simplify's Take

What believers are saying

  • Credit agreement extension improves financial stability and reduces interest expenses.
  • Dividend increase signals strong financial health and shareholder value commitment.
  • Advanced drilling techniques enhance exploration precision and operational efficiency.

What critics are saying

  • Declining U.S. shale production may reduce future revenue and profitability.
  • Falling oil prices threaten revenue and financial performance.
  • Increased competition in the Permian Basin pressures market share and profitability.

What makes Diamondback Energy unique

  • Focus on unconventional reserves in the Permian Basin enhances resource extraction efficiency.
  • Ownership of midstream infrastructure provides control over transportation and logistics.
  • Strategic acquisitions, like Double Eagle, expand resource base and operational scale.

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Benefits

Relocation Assistance

Company News

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Jun 22nd, 2025
Diamondback Energy Extends Credit Agreement and Raises Dividend

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the best dividend stocks according to Jim Cramer. The company amended its Credit Agreement with Wells Fargo Bank on June 12, 2025. With the interest rates and certain fees reduced, the maturity date has been postponed to June 12, 2030. Diamondback Energy, Inc. (NASDAQ:FANG) is a Texas-based independent […]

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Gas prices are displayed at a gas station in Streamwood, Ill. (AP Photo/Nam Y. Huh) Copyright 2025 The Associated Press. All rights reserved.For the first time in more than a decade, U.S. crude oil production is projected to decline in the coming year. That’s not just a headline—it’s a flashing warning light for policymakers, investors, and the broader economy

Yahoo Finance
May 7th, 2025
A Top Exec Says America'S Oil Industry Is At A 'Tipping Point' And Us Production Is Set To Drop

imaginima/Getty Images With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom is at a crosrroads, according to a top industry executive. The CEO of Diamondback Energy warned that tumbling oil prices will depress US crude output, predicting that American onshore production has peaked. Prices hit a four-year low on Monday, with WTI crude trading below $60 a barrel since the start of May. "On an inflation-adjusted basis, there have only been two quarters since 2004 where front month oil prices have been as cheap as they are today (excluding 2020 which was impacted by the global pandemic)," Travis D

Yahoo Finance
May 6th, 2025
'This Oil Price Doesn'T Work': Diamondback Ceo Says Us Shale Production Has Peaked

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hovers near four-year lows. "We have a very good view of what the US looks like. And right now that's a business that's slowing dramatically and likely declining in terms of production," Diamondback Energy (FANG) CEO Travis Stice said during the company's earnings call on Tuesday morning. Stice, who is slated to step down and become executive chairman later this month, issued a shareholder letter on Monday in which he pointed to declining crew count activity in the Permian Basin as an indicator that "production has peaked" and will begin to decline this quarter. "We know a lot of people in the business," Stice told analysts. "Every single conversation I've had with