Asset Manager

W&T Offshore, Inc. • New Iberia, LA, United States • $200k - $250k / year • 5m ago

ABOUT THE COMPANY: W&T Offshore, Inc. (NYSE: WTI) is a thriving, independent oil and natural gas producer operating in the Gulf of Mexico, the second-largest producing basin in the U.S. for nearly four decades.

ABOUT OUR EMPLOYEES: We have built a team of talented and collaborative individuals who are committed to cultivating a culture of integrity, honesty, trust, respect, and communication. Our mission is to attract and retain like-minded team members who will grow and prosper within our W&T community.

W&T offers a competitive total rewards program designed to provide 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

POSITION SUMMARY: Align members of Asset Team to achieve Company’s Strategic Goals by delivering Area Team goals and objectives. Ensure communication with technical support.

PRIMARY 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
Deliver Guidance updates
Prepare monthly update on company guidance covering annual expectations of production, capital spend, LOE, and reserve growth
Coordinate same with Corporate Reserves and accounting/finance
Manage asset valuation
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.
Increase reserves, production
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. Ensure delivery of reserves works on time and is accurate.
Manage employees: will supervise, coach and evaluate performance of team members; will require close coordination with functional leaders to co-evaluate team and functional members.
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.
Ensure appropriate technical assurance with all functions for all decisions. Gain alliance with functions for decision and ensure teams seek the alignment early in the process.
Set team and project priorities
Evaluate Pref right offers, and purchase offers to partners (Coordinate same with A&D group)
Plan for upcoming activities
Provide Production Guidance and Semi-Annual Reserve evaluations
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

KNOWLEDGE, EDUCATION & EXPERIENCE:

At least 10 years plus experience as an Asset Manager
5+ years of people management experience
Minimum requirement of a bachelor’s degree in engineering and/or equivalent

PHYSICAL REQUIREMENTS:

Office environment primarily, Operations site environment when specific evaluation/problems require such or possibly vendor site where new equipment/rehabilitation work is performed
Requires occasional travel outside service area
Requires supervision of employees and ability to work well with others that are not direct reports
Requires wearing personal protective safety equipment (respirators, safety glasses, hard hat, appropriate footwear, ear plugs, etc.) as appropriate when evaluating site or equipment
Requires standing, sitting, walking, kneeling, twisting, climbing steps and/or ladders to inspect equipment when necessary
Requires operation of a personal computer and related software

This description is intended to describe the type of work being performed by a person assigned to this position. It is not an exhaustive list of all duties and responsibilities required by the employee. W&T Offshore is an Equal Opportunity Employer and is committed to the principles of equal employment opportunity for all employees and applicants for employment.

W&T Offshore Inc. offers competitive total rewards including health & welfare benefits, 401k match, competitive pay and an annual bonus program (STI).

W&T Offshore does not offer sponsorship of employment-based nonimmigrant visa petitions for this role.

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