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Graduate Reservoir Engineer Jobs (NOW HIRING)

ConocoPhillips

Graduate, Engineering 2027

Houston, TX · On-site

Job Summary As an Engineer in ConocoPhillips' Exploration and Production America's Business Unit ... and Reservoir Engineering. Upon completion of the program, the engineer will be assigned an ...

Chevron

2026-2027 Petroleum Engineer Intern

Houston, TX · On-site +1

$10K/mo

Petroleum engineers develop technical skills in production and reservoir engineering assignments ... a full time new graduate position, Chevron offers competitive pay and benefits to eligible ...

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How much do graduate reservoir engineer jobs pay per year?

As of Aug 26, 2026, the average yearly pay for graduate reservoir engineer in the United States is $123,968.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,000.00 and $146,000.00 per year, depending on experience, location, and employer.

What is a graduate reservoir engineer?

Graduate Reservoir Engineers are entry-level professionals who specialize in analyzing and managing oil and gas reservoirs. They use engineering principles, geological data, and computer models to estimate reserves, forecast production, and optimize extraction methods. Typically, these engineers work under the supervision of senior engineers and are involved in field development planning, reservoir monitoring, and performance evaluation. Their work is crucial for maximizing resource recovery while ensuring environmental and economic efficiency.

What are the key skills and qualifications needed to thrive as a graduate reservoir engineer?

To thrive as a Graduate Reservoir Engineer, a strong background in petroleum engineering, geology, or a related field with solid analytical and mathematical skills is essential. Familiarity with reservoir simulation software (such as Eclipse or Petrel), data analysis tools, and basic programming is often required. Strong teamwork, problem-solving, and communication skills help you collaborate effectively and convey technical findings to multidisciplinary teams. These competencies are crucial for optimizing hydrocarbon recovery, ensuring efficient field development, and supporting decision-making in complex projects.

What are some typical challenges a graduate reservoir engineer might face in their first year, and how can they overcome them?

As a Graduate Reservoir Engineer, you may initially encounter challenges such as interpreting large volumes of subsurface data, understanding complex reservoir simulation software, and adapting to multidisciplinary teamwork. It's common to feel overwhelmed by the technical jargon and the fast-paced nature of project timelines. To overcome these obstacles, seek mentorship from experienced engineers, actively participate in training sessions, and collaborate closely with geologists and production engineers to build a strong foundational understanding. Regular communication and a willingness to ask questions will help you integrate quickly and contribute effectively to the team.

What is the difference between Graduate Reservoir Engineer vs Reservoir Engineer?

AspectGraduate Reservoir EngineerReservoir Engineer
QualificationsBachelor's degree in petroleum engineering or related field; some internshipsBachelor's or master's degree; professional experience often required
Work ExperienceEntry-level, limited industry experienceTypically 2+ years of experience in reservoir modeling and analysis
Work EnvironmentTraining programs, supervised projects, team collaborationIndependent project work, decision-making responsibilities

The main difference is experience level: Graduate Reservoir Engineers are entry-level professionals learning industry practices, while Reservoir Engineers have more experience and handle complex reservoir management tasks. Both roles require similar educational backgrounds, but Reservoir Engineers are expected to take on greater responsibilities over time.

How much do graduate reservoir engineers get paid?

Graduate reservoir engineers typically earn an annual salary ranging from $70,000 to $90,000, depending on the company, location, and educational background. Entry-level positions often include training in reservoir modeling and simulation tools, with salaries increasing with experience and additional certifications.

Is it hard to become a graduate reservoir engineer?

Becoming a graduate reservoir engineer typically requires a bachelor's degree in petroleum engineering, geology, or a related field, along with strong technical skills and knowledge of reservoir simulation tools. The process can be competitive, but gaining relevant internships and certifications can improve chances of entry into the field.
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Graduate Reservoir Engineer jobs near you
Infographic showing various Graduate Reservoir Engineer job openings in the United States as of August 2026, with employment types broken down into 4% As Needed, 71% Full Time, 22% Part Time, and 3% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $123,968 per year, or $59.6 per hour.

Associate, Reservoir Engineer - Investment Banking

Dallas, TX • On-site

Stephens
See more jobs at Stephensexternal

Full-time

Posted 23 days ago

Job description

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

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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