Cost Engineer The Cost Engineer will serve as the subject matter expert (SME) in unconventional oil and gas completions cost details. He/she will be responsible for establishing and implementing annual budget / quarterly outlook / ad hoc scenario guidance, provide support and consultation to execution team, and perform cost and budgetary analysis, among other functions. This person must be a self-starter and should have excellent communication and organizational skills, team-building know-how and project execution experience utilizing project controls and budgetary systems.
Job Duties:- Develop and continually improve budgeting, financial projections, and capital forecast
- Develop financial models and analyze them to support strategic initiatives
- Provide leadership and strategic thinking to projects including planning, cost estimating, contracting and tracking
- Support Execution Planning & Performance and Well Delivery and Well Servicing teams and with data-driven analysis
- Manage capital cost forecasting and AFE creation software (PLEX), owning standard configurations and item rates
- Prepare regular reports on an annual/quarterly/monthly/weekly basis or as needed
- Present Capital Projects monthly / quarterly financial reports
- Analyze the trends of Key Performance Indicators (KPIs), relating to budget / outlook vs actuals
- Monitor KPIs and identify the cause of any unexpected variances
- Dive deeply into financial data and become a subject matter expert to provide additional insight
- Identify and understand business challenges; propose and create solutions
Collaborate with finance and accounting teams to ensure accurate cost allocation, tracking of capital expenditures, and compliance with financial reporting requirements.
Develop and maintain effective relationships with business partners and cross-functional teams at all levels of the organization
Performs other/additional duties as assigned by Supervisor
Qualifications:- Bachelor's Degree in Engineering, Business or related field required
- Minimum three (3) years' experience in a technical engineering role supporting stim and post-stim operations
- Experience in unconventional oil and gas field execution (drilling, completions, operations, or facilities) required.
- Excellent communication, leadership, organization, planning, and supervision skills
- Solid understanding of project management principles, cost control techniques, and financial analysis
Knowledge of PLEX or other industry-standard cost engineering software, such as Oracle Primavera Unifier, P6 or similar cost management tools. Familiarity with financial systems and tools (e.g., ERP systems, financial modeling software, WellView / Siteview) and ability to integrate financial data with engineering and operational data.
Interpersonal and communication skills with the ability to interact with various management levels
Superior attention to detail and ability to successfully manage multiple competing priorities while maintaining a view of the big picture
Ability to comfortably work on several projects at once
Ability to motivate and leverage resources to provide appropriate support for multiple projects
Ability to work and lead different groups to work together as a team
Strong Excel, Word, and PowerPoint skills
Proficiency in data visualization tools such as Spotfire, Power BI, or similar platforms, with the ability to create visually compelling and interactive dashboards preferred.
