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Petroleum Bank Engineer Jobs (NOW HIRING)

Devon Energy

Senior Reservoir Engineer

Pittsburgh, PA · On-site

Petroleum, Chemical, Mechanical Engineering or closely related field MS Finance, MS Economics or MB ... banking, private equity, corporate development, or business development experience preferred ...

Devon Energy

Senior Reservoir Engineer

Pittsburgh, PA · On-site

Petroleum, Chemical, Mechanical Engineering or closely related field • MS Finance, MS Economics ... banking, private equity, corporate development, or business development experience preferred ...

Oxy

Sr Well Design Engineer Advisor

The Woodlands, TX · On-site

Master's degreein Rock Mechanics, Geoscience, or Petroleum Engineering Professional/Technical ... and bank account details at an early stage of our recruitment process. We recommend against ...

New

Chesapeake Utilities

Supervisor, Engineering

Debary, FL · On-site

Professional Engineer (PE) License and/or certification in any of the following: Project Management ... Paid time off, holidays and a separate bank of sick time Chesapeake Utilities Corporation is an ...

Chesapeake

Supervisor, Engineering

Port Saint Lucie, FL · On-site

Professional Engineer (PE) License and/or certification in any of the following: Project Management ... Paid time off, holidays and a separate bank of sick time Chesapeake Utilities Corporation is an ...

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Petroleum Bank Engineer information

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$42K

$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.

Investment Banking - Geologist Technician - Associate

Houston, TX • On-site

JP Morgan Chase
Finance and Insurance • 10K+ employees
Learn more about JP Morgan Chaseexternal

Full-time

Medical, Retirement

Re-posted 19 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

Job description

Job Summary

As a Petroleum Technologist, you will be a key player in our business strategy and execution. You will participate in the "full cycle" of transactional execution and support team members across both the A&D and coverage functions. You will develop strong function skills in the major areas of M&A&D investment banking. 

Job Responsibilities: 

  • Develop, maintain and update reserves databases to support team activities 
  • Work closely with engineers and geologists to ensure accurate representation of commercial and reservoir data in reserves databases
  • Support and maintain  databases within a variety of reserve evaluation  software such as ARIES and ComboCurve
  • Utilize GIS tools to perform spatial data analysis and visualization & assist in integrating GIS data with the reserves database to enhance data analysis capabilities
  • Assist in marketing and data room presentation creation not limited to PowerPoint, mapping and 

Required capabilities, and skills

  • Experience in database management of oil and gas assets across lower 48 conventional and unconventional play types
  • Strong understanding of commonly used reserve evaluation programs such as ARIES, PHDwin, ComboCurve
  • Experience with fundamental reservoir engineering analysis 
  • Working knowledge of  energy related public data providers such as Enverus and WoodMac
  • Working knowledge of geo-spatial software programs such as ArcGIS or QGis
  • Assist with the development of marketing materials and execution of mandates
  • Assist with the preparation of data room presentations 
  • Consistently be a team player and can work alongside motivated colleagues that express a willingness to be successful and are driven to win 

Required qualifications

  • Experience conducting A&D evaluations
  • Lower 48 un-conventional reservoir evaluation experience is preferred
  • Deep level of economic understanding of development field economics using reserve economic programs
  • Undergraduate degree in Engineering or technical certificate preferred
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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