Mid-Level
Join J.P. Morgan and make a direct impact on the evaluation of oil and gas reserves that drive our lending decisions. As a Petroleum Engineer, you will leverage your technical expertise to assess energy assets and support business growth. This is your opportunity to collaborate with industry leaders, apply advanced engineering skills, and help shape the future of energy finance. You will work in a dynamic environment where your insights and recommendations matter. Be part of a team that values innovation, accuracy, and professional development.
As a Petroleum Engineer in the Reserves Evaluation team, you will independently conduct comprehensive oil and gas reserve and economic evaluations for customer loan requests and borrowing base reviews. You will collaborate with Engineering Technicians, Risk teams, and bankers to develop business relationships and ensure that evaluation results are clearly documented and communicated. Your work will help us make informed lending decisions and manage risk effectively.
Job Responsibilities
Perform independent, comprehensive oil and gas reserve and economic evaluations for prospective and existing customer loan requests and borrowing base reviews
Collaborate with Engineering Technicians, Risk teams, and bankers to develop business relationships focused on reserves evaluation as collateral
Document evaluation results in memorandums that summarize recommended loan value, estimated economics, key assumptions, downside risks, and asset quality
Apply established policies, practices, and procedures in reserves evaluation, seeking guidance from Senior Petroleum Engineers on complex issues
Classify oil and gas reserves according to PRMS deterministic reserve categories
Utilize standard economic software such as Aries and PHDWin for reserve and economic analysis
Develop and maintain Excel models to support reserve and economic evaluations
Communicate technical findings and recommendations through clear, concise technical writing
Required qualifications, capabilities, and skills
Bachelor’s degree in Engineering or a related field
Minimum 3 years of experience with an E&P operating company, including exposure to reservoir engineering, operations, geology, major capital projects, and business development
Experience estimating oil and gas reserves and running economics
Understanding of PRMS reserve designations and deterministic reserve classification
Proficiency in standard oil and gas economic software (Aries, PHDWin)
Advanced Excel modeling skills
Strong technical writing skills
Preferred qualifications, capabilities, and skills
MS Degree or MBA highly preferred
Experience with additional software such as ComboCurve or Spotfire
Demonstrated ability to work independently and collaborate across teams
Experience preparing memorandums for lending or risk management purposes
Exposure to business development in the oil and gas sector
Strong analytical and problem-solving skills
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