Asset Manager Professional
4 days ago
Company Background:
W&T Offshore, Inc. is a prominent oil and gas producer in the Gulf of Mexico, boasting nearly four decades of operation.
About Our Employees:
We have built a team of skilled and collaborative individuals who prioritize integrity, honesty, trust, respect, and open communication.
Our mission is to attract like-minded team members who will grow and thrive within our W&T community.
Total Rewards Program:
We offer a competitive total rewards program, including competitive pay, health and financial benefits, and work-life balance.
Working Location:
Houston Office - 5718 WESTHEIMER RD 77057
Full-Time/PART-TIME:
Full-Time
Schedule:
Mon -Thurs - 9 hours (in-office)/Friday - 4 hours (remote)
FLSA STATUS:
Salary, Exempt
Job Description:
Align members of the Asset Team to achieve Company's Strategic Goals by delivering Area Team goals and objectives.
Main Responsibilities:
- Manage Area Team Profitability and Growth objectives
- Develop annual and multi-year budgets through W&T budget process
- Manage fields and assets to achieve and exceed goals
- Report monthly to management on progress against goals and budgets
- Prepare monthly update on company guidance covering annual expectations of production, capital spend, LOE, and reserve growth
- Proactively manage AIRES depiction of each asset for planning case and reserves case
- Conduct monthly updates for each asset
- Ensure the company has full understanding of complete asset potential (eg: PDP, PUDs, Probables, Possibles and exploratory potential).
- Manage assets (both operated and non-operated) to maximize profits.
- Manage LOE and unit cost structure (LOE/BOE) to optimize LOE/BOE
- Identify capital investment opportunities and decision/mature same.
- Identify exploration opportunities on HBP acreage and decision/mature same.
- Complete reserves support work through internal generation of reserves position and discussion of same with external reserve group(s) in conjunction with W&T Corporate Reserves group.
- Maintain Safe and Environmentally sound practices
- Perform daily surveillance of existing producers
- Identify tools needed to assess performance – LOE trends, comparison to production and reserve targets.
- Adjust plans to achieve goals.
- Complete field studies, document results, and initiate action on recommendations.
- Manage critical leases; prepare quarterly update on critical lease status and urgent plans.
- Communicate plans with Field and Technical Support Groups – Reservoir, Operations, Exploration, and Facilities, Drilling/Completions, Regulatory, etc.
- Coordinate effort with company programs – idle iron, SEMS, ARO.
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