Associate, Reservoir Engineer – Investment Banking

SUMMARY

Title: Associate, Reservoir Engineer – Investment Banking

Group: Energy – Acquisition & Divestiture

Location: Dallas

WHY STEPHENS

Founded in 1933, Stephens is a privately held, family-owned financial services firm built on long-term relationships, independent thinking and a commitment to earning our clients’ trust. For generations, Stephens has helped clients navigate changing markets, pursue opportunities and develop thoughtful financial solutions that create lasting value. Our approach is grounded in long-term relationships, not one-time transactions. With offices in strategic locations across the U.S. and Europe, we provide objective advice and precise execution on the full array of investment banking services:

• Advising on mergers and acquisitions, public and private debt and equity capital raising, restructurings, recapitalizations and other strategic transactions.
  
  
• Providing clients with insights into how historical trends, current developments and industry dynamics are shaping opportunities across a variety of sectors and subsectors.
  
  
• Serving public, private and family-owned businesses, as well as financial sponsors, family offices and other institutional investors.

At Stephens, bankers build their careers in a collaborative environment that values sound judgment, initiative, integrity and a commitment to client outcomes. For candidates who want to be challenged, contribute to meaningful client work and grow within a stable, relationship-driven platform, Stephens offers a place to build a meaningful investment banking career over the long term.

ENERGY: EXPLORATION & PRODUCTION

Our Exploration & Production team has a long history of providing M&A, A&D, capital raising and capital solutions for companies active in oil & gas exploration and production. Our senior bankers combine strong technical expertise with deep relationships among key strategic buyers, equity and debt private capital sources, and family offices most active in the space. Clients often seek out our highly experienced team for specialized solutions and an owner-oriented perspective.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Execution

• Technical evaluation of client oil & gas assets using industry standard economics software (e.g. ComboCurve, ARIES, or PHDWin) as well as commonly used software such as the MS Office Suite
  • Prior experience with decline curve analysis required; familiarity with other forecasting methods helpful but not required
  • Ability to generate/manage evaluation databases and economic forecasts
• Working with senior members of the team, assist in development of key marketing materials and execution of mandates
  • Key client reviews (e.g. review of PDP forecasts, type curves, LOS model, etc)
  • Confidential Information Memoranda / data room presentations
  • Population of virtual data rooms
  • Contribution to/participation in presentations
  • Following up on external party Q&A
• Attending internal and external project meetings as required. The right candidate will eventually develop the ability to lead these meetings
• Assist with miscellaneous technical project-related duties as required

Business Development

• Assist with development of new business activities across a variety of investment banking products with emphasis on sell-side A&D pitches
• Writing of technical portions of pitch books
• Attend pitch meetings

QUALIFICATIONS:

• 2 years of Petroleum Engineering Experience at an investment bank, third-party engineering firm, or operating/non-operating/minerals company with substantial experience conducting A&D valuations.
• Engineering undergraduate degree is required
• Graduate technical or business degree a plus
• High level of economic understanding of producing and development field economics:
  • Fundamentals of a discounted cash flow: capex, opex, discount rates, LOE, basis differential, price deck, rig schedules, type curve inputs, & economic limit 
• Computer skills:
  • Deep understanding of Microsoft Office, especially Excel and Access, is required
  • ComboCurve, ARIES and/or PHDWin experience required
  • Experience developing custom tools assisted by AI is a plus
  • Experience with Enverus Prism a plus; IHS or others acceptable