Budget & Planning Engineer at Formentera Partners LP

Austin, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

0.0

Posted On

03 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Budgeting, Financial Planning, Data Analytics, Reservoir Engineering, Economic Modeling, SQL, Power BI, Spotfire, Forecasting, Data Pipelines, Production Optimization, Capital Efficiency, Regression Analysis, Performance Diagnostics, Asset Management, Automation

Industry

Financial Services

Description

Budget & Planning Engineer – Austin, TX - In Office Summary: Formentera Operations is seeking a highly analytical Budget, Planning & FP&A Engineer with strong data and analytics capabilities to support asset-level decision making. This role sits at the intersection of engineering, finance, and data, responsible for integrating operational plans with financial outcomes while building scalable data tools to improve visibility, forecasting accuracy, and decision speed. The ideal candidate will not only understand subsurface and operations but also be able to access, structure, and analyze large datasets, develop automated workflows, and build data-driven dashboards that serve as a source of truth for the organization. This individual is expected to own both the analysis and the underlying data infrastructure that supports it. Responsibilities: * Lead reservoir development planning by working collaboratively with a multidisciplinary team to optimize development programs across the asset base. * Integrate analytical, operational, and financial results into development planning and economic evaluations to support strategic decision making. * Lead development and production optimization efforts across both conventional and unconventional assets by integrating performance surveillance, reservoir diagnostics, and economic analysis to maximize production, recovery, and capital efficiency. * Conduct development lookbacks and incorporate learnings into forward planning efforts, including performance benchmarking and trend analysis. * Prepare and present well-level and project-level economics (NPV, IRR, breakeven, sensitivities) for development opportunities, workovers, and optimization projects. * Lead and support budgeting and forecasting processes, including CAPEX/OPEX planning, AFE tracking, and variance analysis. * Assist with reserves evaluation and contribute to type curve generation and maintenance, ensuring alignment with planning and economic assumptions. * Access, extract, and integrate data from multiple systems (SQL databases, data warehouses, production and financial systems). * Develop and maintain automated workflows and data pipelines to streamline analysis, reporting, and forecasting processes. * Build and maintain dashboards and visualization tools (Power BI, Spotfire, etc.) to provide real-time visibility into asset performance and capital efficiency. * Create integrated data models linking production, operational, and financial datasets to support planning and decision-making. * Perform advanced analytics, including trend analysis, regression, and performance diagnostics, to identify key drivers of well and asset performance. * Standardize and improve data quality, accessibility, and structure across teams, helping establish a centralized source of truth. * Collaborate with cross-functional teams to improve data integration into technical and business workflows. * Communicate technical and financial findings, risks, and recommendations clearly and effectively to management and partners. Key Competencies: * Strong analytical, diagnostic, and problem-solving mindset * Ability to integrate geological, engineering, financial, and operational data for decision-making * Strong data ownership mindset with ability to build end-to-end analytical workflows * Excellent communication and presentation skills—able to translate technical and financial analyses into actionable recommendations * Collaborative team player with a proactive and adaptable approach * Focused on automation, innovation, continuous improvement, and operational excellenceAbility to make informed and effective decisions by analyzing data and assessing Required Qualifications: * Bachelor of Science in Petroleum, Chemical, Mechanical Engineering, Finance, or related discipline * 5+ years of relevant experience with an oil and gas operator or in planning / FP&A / technical roles * Exposure to both conventional and unconventional reservoir development and support * Proficiency in RTA, DCA, and economic modeling tools (ComboCurve, ARIES, or PHDwin) * Strong command of analytical and visualization platforms (e.g., Excel, Power BI, Spotfire) * Proficiency in SQL and experience working with large datasets and database systems * Demonstrated ability to build automated workflows and apply data-driven solutions to streamline analysis and reporting Preferred Qualifications: * Exposure to reserves management and reporting processes * Experience with data platforms (Azure SQL, Snowflake, or similar) * Familiarity with Python or other data analytics tools * Experience integrating data analytics and modeling into development planning and capital allocation decisions Physical Requirements: (with or without reasonable accommodation) * This is largely a sedentary role. The employee is regularly required to talk or listen, and frequently required to stand, walk, use hands to handle objects, and reach with arms. Close visual acuity is needed for viewing a computer, reading, transcribing, and analyzing data. * Occasional lifting of up to 25 pounds * Manual dexterity sufficient to operate a computer keyboard Benefits: * Competitive Base Salary * Annual Bonus Eligibility * 100% Employer covered health insurance premiums. * 401K with 4% employer match About Us: Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London, and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins. Formentera is intentional and deliberate in cultivating our culture. We seek people who are not only exceptional within their own skills and aptitudes but who also care deeply about supporting each other’s growth and embracing the value that diverse teams, ideas and opinions creates. Operating with integrity and treating each other well at all times are foundational pillars at Formentera. Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics. Notice to Third Party Agencies: Please note that Formentera does not accept unsolicited resumes from recruiters or employment agencies. Without a signed recruitment services agreement, Formentera will not consider or agree to payment of any referral compensation or recruiter fee. If a recruiter or agency submits a resume or candidate without a previously signed agreement, Formentera explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring manager(s), are deemed to be property of Formentera. NOTE: Formentera is not able to consider candidates requiring Visa sponsorship at this time.

Responsibilities

The Budget & Planning Engineer will lead reservoir development planning and integrate operational and financial data to optimize asset performance. This role involves building automated data workflows, managing budgeting processes, and providing actionable economic insights to support strategic decision-making.