Asset Manager Professional

4 days ago


New Iberia, Louisiana, United States W&T Offshore, Inc. Full time
Job Overview

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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