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Petroleum Bank Engineer Jobs (NOW HIRING)

Stephens Inc.

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 ...

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Petroleum Bank Engineer information

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$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.

Investment Banking Associate, Energy Engineer - Houston

Houston, TX

Moelis
Investment Banking and Securities Dealing • 501 - 1,000 employees
Learn more about Moelisexternal

Full-time

Re-posted 23 days ago

Job description

We are passionate about our business and our culture, and are seeking individuals with that same drive.

Day-to-Day Responsibilities:
Lead and ensure technical excellence in the analysis and valuation of oil and gas assets.
Drive the preparation of client presentations and serve as a key point of contact for senior bankers and clients.
Oversee company and industry research, synthesizing findings into actionable strategic insights and recommendations.
Manage and mentor analysts in handling large datasets, technical workflows, and extracting critical business insights.


Primary Responsibilities:

Lead the development, calibration, and validation of type curves and production forecasts across a broad spectrum of oil and gas assets.
Apply advanced reservoir engineering and data science methodologies to formulate and defend optimized development strategies for client assets.
Direct the generation, categorization, and risk-assessment of undeveloped inventory.
Own the construction, population, and quality-control of complex discounted cash flow (DCF) valuation models using ARIES, PHDWin, and/or ComboCurve, and clearly articulate results to clients.
Own the development and maintenance of technical databases (ARIES, ComboCurve, PHDWin, SQL/Parquet, etc.) used for valuation and marketing analyses.
Lead technical and operational due-diligence workstreams, including diligence calls with counterparties, creation of deal materials, model audit, and process management from start to finish.
Partner closely with senior bankers to support transaction execution, client deliverables, buyer interaction, and process integrity.

Required Skills & Experience:

Strong data-analytics and problem-solving capabilities.
Exceptional attention to detail with the ability to manage multiple complex workstreams simultaneously.
Proven ability to perform under pressure and meet tight deadlines in a fast-paced, deal-driven environment.
Strong analytical and numerical skills with comfort navigating complex technical & financial datasets.
Strong presentation, communication, and client-facing skills.
Ability to challenge assumptions and contribute independent, critical thinking.
Effective team player capable of working with a wide range of internal groups and external stakeholders.
Advanced proficiency in Microsoft Excel; strong working knowledge of the full Microsoft Office suite.
Strong coding experience (Spotfire, Python, SQL, VBA, etc.) and demonstrated ability to automate workflows or handle large datasets.
Prior experience working with public oil & gas datasets (Enverus, IHS, state agencies, etc.).


Qualifications:

Bachelor's or Master's degree in Petroleum Engineering preferred; MBA or other advanced technical or quantitative degree is a plus.
3-5+ years of experience in the oil & gas industry, ideally in A&D, corporate development, reservoir engineering, or investment banking.
Minimum GPA: 3.5.

Desired Major:Petroleum Engineering.

We are an Equal Opportunity Employer. Applicants are considered for employment opportunities without regard to race, age, religion, color, sex (including pregnancy and gender identity), parental status, national origin, marital status, veteran status, sexual orientation, political affiliation, citizenship status, genetic information (including family medical history), disability (in compliance with the Americans with Disabilities Act and any other applicable law), or any other characteristic or status protected under any applicable US, state or other law. This policy applies to all terms and conditions of employment, including recruitment and hiring, appraisal systems, promotions, and training.

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