Cost Engineer

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:

• Bachelors 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.