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Reservoir Engineer, Production Forecasting & Reserves

Golden, CO

About Fervo Energy

Fervo Energy (NASDAQ: FRVO) is a modern power company developing next-generation geothermal resources to meet the growing demand for affordable, reliable, 24/7 carbon-free energy. Our mission is to transform geothermal into America’s most dependable and affordable source of clean, around-the-clock power. By combining innovations in horizontal drilling, fiber-optic sensing, and advanced reservoir engineering, Fervo has developed a repeatable approach to building utility-scale enhanced geothermal systems. Our flagship Cape Station development in Utah is planned to deliver 500 MW of firm, carbon-free power, and we are advancing a development pipeline of more than 50 GW. Join us and work alongside world-class engineers, geoscientists, operators, project builders, and business leaders working to make geothermal a cornerstone of a more reliable, affordable, and sustainable energy future.

Position Description

Joining Fervo as a Reservoir Engineer focused on production forecasting and resource evaluation means owning the link between subsurface performance and corporate planning. This role builds and maintains production forecasts for long-term planning, supports Corporate Finance with technical inputs for budgeting, financing, and investor materials, and leads economic evaluations and resource reporting across the portfolio. The position is ideal for an engineer who enjoys translating complex subsurface data into clear, defensible numbers that inform capital allocation and company-level decisions.

The Reservoir Engineer will build and maintain portfolio-wide production forecasts, lead economic evaluations of development scenarios and capital projects, and own recoverable resource estimates. This role emphasizes forecast rigor, financial fluency, and clear communication of subsurface uncertainty to non-technical stakeholders.

The position collaborates closely with Corporate Finance, Reservoir, Development, and Executive teams to translate subsurface performance into the forecasts, valuations, and resource recovery used for long-term planning and corporate decision-making.

Responsibilities

Production Forecasting & Long-Term Planning

  • Build and maintain production forecasts across the portfolio to support long-term planning, capital allocation, and corporate strategy.

  • Develop and update type curves and decline/analytical models calibrated to observed field performance.

  • Translate reservoir performance and subsurface uncertainty into probabilistic forecast ranges (P10/P50/P90) for planning and budgeting cycles.

  • Maintain the long-range plan (LRP) production forecast in coordination with Development and Corporate Finance.

  • Partner with Corporate Finance to translate reservoir forecasts into cash flow models, capital plans, and investor-facing materials.

  • Support financing processes (debt/equity raises, project finance) with technical forecast inputs and asset-level due diligence.

Economic Evaluations

  • Conduct economic evaluations of new prospects, development scenarios, and capital projects, including NPV, IRR, payback, and sensitivity analysis.

  • Support investment decisions with integrated technical and economic risk assessment across the portfolio.

  • Evaluate development, completion, and injection strategy alternatives for capital efficiency and returns.

  • Deliver clear economic recommendations to asset teams and leadership to guide portfolio prioritization.

Resource & HIIP

  • Own and maintain recoverable resource and Heat-in-Place (HIIP) estimates.

  • Promote consistent forecasting, evaluation, and reserves methodologies across projects.

  • Support development and standardization of Geothermal recovery and resource evaluation methods.

Team and Culture

  • Operate with technical independence and objectivity while maintaining strong collaborative relationships with Finance, Development, and asset teams.

  • Provide constructive challenge and thoughtful recommendations grounded in data and engineering principles.

  • Balance rigor with pragmatism in a fast-paced, cross-functional environment, including finance reporting deadlines.

  • Contribute to a culture of transparency, consistency, and continuous improvement across the portfolio.

  • Be responsive and reliable in remote settings, maintaining momentum without requiring constant oversight.

  • Adapt quickly to shifting priorities, new data, and evolving planning cycles.

Qualifications

Required

  • B.S. in Engineering (Petroleum, Mechanical, Chemical, or related discipline).

  • 5+ years of experience in reservoir engineering, reserves evaluation, or production forecasting; advanced degree may be considered in lieu of experience.

  • Strong understanding of decline curve analysis, type curve development, and production forecasting workflows.

  • Experience with reserves estimation and reporting standards (e.g., SPE-PRMS).

  • Experience building economic models (NPV, IRR, cash flow) and sensitivity/scenario analyses.

  • Strong financial modeling skills (advanced Excel) and familiarity with reservoir forecasting or simulation tools.

  • Ability to assess subsurface and forecast uncertainty and communicate risk clearly to financial and executive audiences.

  • Strong analytical, synthesis, and communication skills.

Preferred

  • Experience in geothermal reservoir engineering, enhanced geothermal systems (EGS), or unconventional resource development.

  • Experience supporting Corporate Finance, FP&A, investor relations, or capital markets processes.

  • Experience with third-party reserves audits or certification processes.

  • Familiarity with fracture-dominated or thermally driven systems.

  • Programming/scripting skills (e.g., Python) for forecasting automation and data analysis.

  • Ability to translate detailed technical analysis into executive-level summaries.

Location

Fervo Energy has offices in Houston, TX, Golden, CO, Reno, NV, Oakland, CA, and Salt Lake City, UT. This position will be eligible for some hybrid work flexibility, but regular in-office presence at any of the above locations will be required.

Compensation

Fervo provides a comprehensive suite of benefits including medical, dental, vision, life, short-term and long-term disability, flexible paid time off, and paid parental leave. Additionally, Fervo offers an incentive stock options program, a bonus incentive program, and a 401(k) plan with an employer match.

Fervo Energy is providing the compensation range and general description of other compensation and benefits that the company in good faith believes it might pay and/or offer for this position based on the successful applicant’s education, experience, knowledge, skills, and abilities in addition to internal equity and geographic location. Expected Salary: $140,000-$200,000 based on Colorado locality, pay in other locations may vary.

Fervo Energy reserves the right to ultimately pay more or less than the posted range and offer other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law.

Benefits & Perks

  • Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Benefits for eligible employees include:
  • Medical, dental, and vision plan options
  • Employer-paid basic life insurance and short-term and long-term disability coverage
  • A 401(k) plan with a dollar-for-dollar company match
  • Flexible paid time off and paid parental leave
  • Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot
  • A dependent care FSA for eligible child and elder care expenses
  • An annual Lifestyle Spending Account for eligible wellness expenses, including fitness, financial planning, pet insurance, and pet care
  • Employee ownership opportunities through Fervo’s Employee Stock Purchase Program, as well as stock option grants and bonus opportunities for eligible roles

Benefits and programs are subject to eligibility requirements and may change.

Our Workplace

Fervo Energy highly values having employees work in the office to foster collaboration and strengthen our company culture. This role follows a hybrid schedule, with team members expected to work in the office three days per week. Fervo considers this in-office schedule an essential function of the role. Your recruiter can share more information about the schedule.

Equal Opportunity Employer

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military or veteran status, or any other consideration made unlawful by federal, state, or local law. Fervo also prohibits discrimination based on the perception that an individual has any of these characteristics or is associated with a person who has or is perceived as having any of these characteristics.

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