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Associate Reservoir Engineer  

About the Organization
Centennial Resource Development, Inc. (Nasdaq: CDEV) is an independent oil and natural gas company focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and Southern New Mexico. Our principal business objective is to increase shareholder value by building a premier development company focused on the production of oil and natural gas in an environmentally and socially responsible way, while generating sustainable free cash flow. Centennial was formed in 2016 and is headquartered in Denver, Colorado.

At Centennial, we believe our best assets are our employees who create and maintain our culture. We aim to attract top talent in the oil industry and empower them to do what they do best. We seek employees who constructively challenge conventional thought, ask why and push the boundaries so that we are seen as leading innovators in our industry. We rely on their passion and creativity to drive results in a team-based, collaborative and enjoyable work environment. Our employees give us a sustainable competitive advantage and we understand the need to attract, retain and train the best team possible.  
Location Denver  

Centennial Resource Development, Inc. (NASDAQ: CDEV) is currently seeking an Associate Reservoir Engineer. Reporting to the Reservoir Engineering Manager, the Associate Reservoir Engineer will provide reservoir engineering support for a variety of projects (as detailed below). The ideal candidate will have strong technical as well as communication skills and be able to contribute his/her expertise while working on multi-disciplinary teams in a fast-paced environment.

General Responsibilities

  • Work with multidisciplinary team to generate and execute a development plan that maximizes the value of CDEV’s Delaware Basin Assets
  • Provide reservoir engineering support and guidance on multidisciplinary field/well studies with a specific focus on economic analysis supported by rate transient analysis, decline curve analysis, material balance, volumetrics, etc.
  • Analyze lateral and vertical well spacing across all fields to determine optimal spacing within each target horizon
  • Collaborate with team to analyze completion and production practices that optimize value across acreage position
  • Analyze reservoir fluids and monitor production performance to generate accurate production forecasts for all wells
  • Analyze reserves and value of potential acquisitions, divestitures, and trades and integrate with multidisciplinary team to execute on A&D strategy
  • Work with Finance team to maintain long term budget forecast and update type curve, PDP, and expense forecasts regularly

Compensation & Benefits Information:

  • Salary range is approximately $100,000 - $113,400, depending on specific experience*
  • Other forms of compensation for this position include:
    • Target bonus of 20% of base salary and any eligible overtime wages (discretionary based on company and individual performance)
  • Additional employment benefits for this position include:
    • Medical, dental & vision coverage
    • Flexible Spending & Health Savings accounts
    • 401(k) Retirement Savings Plan with employer match
    • Employee Stock Purchase Plan (ESPP)
    • Basic Life & AD&D insurance
    • Supplemental Life & AD&D insurance
    • Employee Assistance Plan (EAP)
    • Short- & Long-Term Disability coverage
    • Adoption assistance program
    • Educational assistance program
    • PTO Plan based on relevant experience
    • LOA benefits including parental leave

*Please note that Centennial may ultimately pay more or less than the posted range provided. Company takes into consideration a candidate’s education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the Colorado Equal Pay for Equal Work Act, a potential new employee’s salary history will not be used in compensation decisions.

Position Requirements


  • BS in Engineering and 1 year of oil and gas engineering experience with 1 year of reservoir engineering experience preferred
  • Foundational knowledge of oil and gas operations (production, completions, drilling, etc.) required
  • Must be self-motivated and capable of independently integrating within multi-disciplinary teams
  • Must have excellent verbal and written communication skills and be able to communicate effectively with all levels of the organization
  • Proficiency in Microsoft Office
  • Working knowledge of Spotfire, ARIES, and IHS Harmony (RTA) preferred
EOE Statement CDEV provides equal employment opportunities to all employees and applicants in all Company facilities without regard to race, color, religious creed, sex, national origin, ancestry, citizenship status, pregnancy, childbirth, physical disability, mental and/or intellectual disability, age, military status or status as a Vietnam-era or special disabled veteran, marital status, registered domestic partner or civil union status, gender (including sex stereotyping and gender identity or expression), medical condition, genetic information, or sexual orientation in accordance with applicable federal, state and local laws.This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.  
supervisorUID None Specified 

Email None Specified 

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