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Petroleum Bank Engineer Jobs (NOW HIRING)

Citizens Bank

Petroleum Engineer

Houston, TX · On-site

$121K - $236K/yr

The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and the Energy ... Conducting thorough due diligence activities with the client and Agent Bank technical teams to ...

Citizens

Petroleum Engineer

Houston, TX · Hybrid

$121K - $236K/yr

Description The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and ... Conducting thorough due diligence activities with the client and Agent Bank technical teams to ...

Citizens

Petroleum Engineer

Houston, TX · Hybrid

$121K - $236K/yr

Description The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and ... Conducting thorough due diligence activities with the client and Agent Bank technical teams to ...

Citizens

Petroleum Engineer

Houston, TX · Hybrid

$121K - $236K/yr

The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and the Energy ... Conducting thorough due diligence activities with the client and Agent Bank technical teams to ...

Canadian Imperial Bank of Commerce

We're building a relationship-oriented bank for the modern world. We need talented, passionate ... Seeking Petroleum Engineering Investment Banking Associate role to support the Houston EIT (Energy ...

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Petroleum Bank Engineer information

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$80K

$136K

How much do petroleum bank engineer jobs pay per year?

As of Sep 12, 2026, the average yearly pay for petroleum bank engineer in the United States is $80,025.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is a petroleum bank engineer?

Petroleum Bank Engineers are professionals who evaluate and analyze the value and production potential of oil and gas assets, primarily for financial institutions or investment banks. They combine engineering expertise with financial analysis to assess reserves, forecast production, and estimate economic returns for lending or investment decisions. Their work helps banks determine the collateral value of energy assets, manage risks, and structure loans or investments related to the petroleum industry.

What are the key skills and qualifications needed to thrive as a petroleum bank engineer?

To thrive as a Petroleum Bank Engineer, you typically need a strong background in petroleum engineering, reservoir analysis, and financial modeling, often supported by a degree in engineering or geoscience. Familiarity with industry-standard software such as Petrel, Eclipse, and economic evaluation tools, as well as certifications like SPE membership, are commonly required. Excellent analytical thinking, communication, and teamwork skills help professionals effectively assess reserves and communicate technical findings to financial stakeholders. These competencies are crucial for accurately evaluating oil and gas assets, managing risks, and supporting investment decisions in the energy sector.

What are the main challenges petroleum bank engineers face when integrating new technologies into existing oil and gas banking systems?

Petroleum Bank Engineers often encounter challenges when implementing new technologies, such as ensuring compatibility with legacy banking systems, maintaining data security, and meeting strict regulatory requirements specific to the oil and gas sector. Balancing the need for innovation with the risk of operational disruptions requires careful project management and cross-functional collaboration with IT, compliance, and business teams. Staying updated on industry best practices and fostering strong communication with stakeholders are key to overcoming these challenges and achieving successful technology integration.

What is the difference between Petroleum Bank Engineer vs Petroleum Reservoir Engineer?

AspectPetroleum Bank EngineerPetroleum Reservoir Engineer
Required CredentialsBachelor's in Petroleum Engineering or related field; relevant certificationsBachelor's in Petroleum Engineering or Reservoir Engineering; certifications may vary
Work EnvironmentOil and gas banks, service companies, consulting firmsOil fields, reservoirs, exploration sites, and production facilities
Employer & Industry UsageUsed by banks financing oil projects and service companiesUsed by oil companies managing reservoir performance
Common Search & ComparisonOften compared for roles in oil project financing and engineeringCompared for reservoir management and production optimization

Petroleum Bank Engineers focus on financial and contractual aspects of oil projects, working with banks and service companies. Petroleum Reservoir Engineers specialize in analyzing and optimizing underground reservoirs to maximize oil recovery. While both roles require petroleum engineering knowledge, their work environments and primary responsibilities differ significantly.

Are petroleum bank engineers still in demand?

Petroleum bank engineers are still in demand due to ongoing needs for oil and gas extraction, especially in regions with active exploration and production. They require strong technical skills, knowledge of reservoir management, and familiarity with industry software, and employment depends on market conditions and energy sector investments.

What are popular job titles related to Petroleum Bank Engineer jobs?

For Petroleum Bank Engineer jobs, the most frequently searched job titles are:

Infographic showing various Petroleum Bank Engineer job openings in the United States as of September 2026, with employment types broken down into 1% Internship, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution, with an average salary of $80,025 per year, or $38.5 per hour.

Petroleum Engineer

Houston, TX • On-site

Citizens Bank
See more jobs at Citizens Bankexternal

$121K - $236K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 19 hours ago

Job description


The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and the Energy Team's Relationship Managers (RMs), Portfolio Managers (PMs) and Credit Officers, and is responsible for the technical evaluation of oil and gas assets.
The successful incumbent has strong interpersonal, business skills, and excellent verbal and written communication skills, skilled in collecting and analyzing complex data and possesses excellent listening and problem-solving skills, work independently and collaboratively, while building strategic relations with colleagues and constituents.
Primary responsibilities include but will not be limited to:
Reserve Based Lending (RBL) Valuations:
  • Conducting thorough due diligence activities with the client and Agent Bank technical teams to confirm the use of prudent assumptions in the projections including an assessment of past performance, industry trends, and in-basin peer performance.
  • Obtaining data for engineering evaluation from customer's engineering and financial personnel, using engineering expertise to analyze data provided by customers to determine validity and accuracy of information, while using accepted petroleum engineering methods to arrive at oil and gas reserve estimates.
  • Preparing memos that summarize the results of the evaluation including risk assessment, quality of customer's technical staff and grading of collateral characteristics.
  • Communicating to the loan committee the RBL results and risk assessment of the engineering evaluation of oil and gas properties, to ensure all pertinent aspects of the collateral are known and understood.
  • For Agented deals, assisting clients in preparing engineering information for syndication purposes and interfacing with prospective participating bank engineers and bankers to assist in their internal reserve analysis.

Marketing and New Business:
  • Assisting in marketing efforts by making outside calls with Relationship Managers (RM's) with an emphasis on potential customers where technical knowledge will help generate new business.
  • Screening potential new loans for viability.

Training and Collaboration:
  • Collaborating with the Senior Petroleum Engineer, RM's, PM's and Credit Officers on the RBL valuation process, inherent risks and value determination methods and provide input to the periodic assessment of Bank commodity price assumptions used for the determination of loan values.
  • Initiating recommendations to improve the efficiency of engineering software and hardware.
  • Participating in presentations to leadership, Credit Officers and other bank groups as needed.

Minimum Qualification Requirements
  • 5-7 years of relevant experience in reserve evaluation and risk assessment in the Energy Industry
  • Proficient in Aries for Windows, PHDWin, Microsoft Office
  • Evidence of strong business judgment, communication, leadership and integrity
  • Financial Industry background is preferred

Education:
  • Bachelor's Degree from an accredited university in Petroleum Engineering or related degree

To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.
Hours and Work Schedule: (4 days in office, 1 day remote)
Hours per Week: 40
Work Schedule: Monday-Friday
Work Location: Houston, TX
Pay Transparency
The salary range for this position is $121,720 - $236,280 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .
Work Authorization:
This role is not eligible for new employer sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.
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About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Equal Employment and Opportunity Employer
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Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

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