Director of Oil and Gas Operations
The Erie County Investment Co. · Golden, CO
Job Description
Job Title: Director of Oil and Gas Operations
Salary: $105,000 plus profits sharing.
Full Time, Exempt
COMPANY OVERVIEW
The Erie County Investment Company was incorporated in 1899 in the State of Ohio and has been operating in Colorado since 1965. The Company has two core businesses, real estate and oil and gas, along with other strategic investments through its various subsidiaries and affiliates. With a focus on long-term value creation, sustainable growth, and innovative investment strategies, we pride ourselves on delivering exceptional returns for our investors while fostering a collaborative and dynamic work environment for our team.
JOB DUTIES/REQUIREMENTS:
The Director of Oil and Gas Operations will be responsible for growing the oil and gas assets for the business. The position will be responsible for pursuing potential investments in the industry, building a network of partners, operators, investors and potential sources for deals. The person filling the position will help refine Erie’s oil and gas acquisition model and be accountable to pursue assets consistent with that model. This position will involve working closely with financial, technical and legal counterparts to complete deals as well as to manage the current portfolio of oil and gas assets.
Additionally, the Director of Oil and Gas Operations will analyze financial data, conduct research and perform valuation analysis of prospective and current investments, including the assessment of financial risks. The Director will participate in internal and external partner meetings, negotiation of contracts, drafting of RFP proposals and the due diligence processes. This position will be a critical member of Erie’s leadership team, with direct involvement in both deal execution and business development. The ideal candidate will have a strong background in the oil and gas industry, financial modeling, valuation, due diligence, and deal structuring and asset management.
KEY RESPONSIBILITIES
• Investment Opportunities: Identify, evaluate, and pursue potential investment opportunities in the oil and gas sector, with a focus on producing assets.
• Market Analysis: Conduct comprehensive market research and analysis to understand trends and opportunities in the oil and gas industry.
• Strategic Planning: Develop and implement strategic plans to achieve business objectives related to the oil and gas investment portfolio.
• Relationship Management: Build and maintain relationships with key stakeholders, including investors, partners, and clients in the oil and gas industry.
• Negotiation: Lead negotiation of investment deals, contracts, and agreements.
• Risk Management: Assess potential risks and returns of investment opportunities to ensure alignment with the company's financial goals and risk tolerance.
• Reporting: Prepare and present regular reports on the performance of the oil and gas investment portfolio to senior management and stakeholders.
ADDITIONAL DUTIES
• Perform financial analysis, valuation, and modeling of potential transactions, using various methods and assumptions.
• Conduct comprehensive due diligence on deals, including technical, commercial, legal, environmental, and regulatory aspects.
• Negotiate and execute definitive agreements, in coordination with internal and external advisors.
• Act as primary contact with operators and other working interest partners on all producing properties.
• Manage post-acquisition integration and transition, as well as monitor and report on portfolio performance both internally and semi-annually to the Board of Directors.
• Managing the daily operations and revenue generation of the company and ensuring its continual growth and success.
• Research variances from budgeted expectations, significant changes from prior periods or trends, and other operational anomalies and report to the executive team monthly.
• Work closely with finance and accounting to complete monthly financial reporting packages prepared and yearly budgets.
• Maintain and update current database of wells, including well-file data and production data.
• Support completion of YE and mid-year reserve report with contracted engineer.
• Review and approve AFEs on a monthly basis.
• Review monthly financial data and maintain familiarity with the performance to budget throughout the year.
QUALIFICATIONS
Bachelor's degree in petroleum engineering, finance, economics, or related field. MBA is a plus.
• At least 5 years of relevant experience in oil and gas industry, preferably in acquisition, divestiture, business development, or petroleum engineering roles.
• Proven successful experience in completing mergers and/or acquisitions within the oil and gas space.
• Strong knowledge of oil and gas markets, trends, drivers, and players.
• Proficient in financial modeling, valuation, and analysis, using Excel and other tools.
• Excellent communication, negotiation, and interpersonal skills.
• Ability to work independently and collaboratively within the bigger team.
• Ability to build and maintain strong relationships with a diverse range of stakeholders.
• Experience with Aries Petroleum Economics and Engineering software a plus.
PHYSICAL REQUIREMENTS
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:
• Sit or stand for long periods of time while working at a computer and/or writing.
WHAT WE OFFER
• Competitive compensation package, including base salary, discretionary bonuses based on personal and company performance, and comprehensive benefits.
• A collaborative, entrepreneurial culture where your contributions directly impact company success.
• Committed to providing a work-life balance in a positive, supportive team environment.
BENEFITS INCLUDE
• Office located in Golden, Colorado.
• Small team with positive and supportive attitudes.
• HSA health insurance plan with nominal company contribution, group life, vision, dental and disability insurance.
• Competitive paid time off package, as well as 401(k) with a Safe Harbor Match.
• Quarterly and annual bonuses, depending on performance.
INCENTIVES
• The position is eligible for a 5% bonus paid quarterly based primarily on individual performance and a 5% bonus annually primarily based on company performance. These bonuses are evaluated based on overall performance with emphasis on monitoring current assets. In addition, this position will also be offered the opportunity to earn a finder’s fee and/or profits interest in deals that are approved by the investment committee and closed.
Director of Oil and Gas Operations
The Erie County Investment Co. · Golden, CO
Job Description
Job Title: Director of Oil and Gas Operations
Salary: $105,000 plus profits sharing.
Full Time, Exempt
COMPANY OVERVIEW
The Erie County Investment Company was incorporated in 1899 in the State of Ohio and has been operating in Colorado since 1965. The Company has two core businesses, real estate and oil and gas, along with other strategic investments through its various subsidiaries and affiliates. With a focus on long-term value creation, sustainable growth, and innovative investment strategies, we pride ourselves on delivering exceptional returns for our investors while fostering a collaborative and dynamic work environment for our team.
JOB DUTIES/REQUIREMENTS:
The Director of Oil and Gas Operations will be responsible for growing the oil and gas assets for the business. The position will be responsible for pursuing potential investments in the industry, building a network of partners, operators, investors and potential sources for deals. The person filling the position will help refine Erie’s oil and gas acquisition model and be accountable to pursue assets consistent with that model. This position will involve working closely with financial, technical and legal counterparts to complete deals as well as to manage the current portfolio of oil and gas assets.
Additionally, the Director of Oil and Gas Operations will analyze financial data, conduct research and perform valuation analysis of prospective and current investments, including the assessment of financial risks. The Director will participate in internal and external partner meetings, negotiation of contracts, drafting of RFP proposals and the due diligence processes. This position will be a critical member of Erie’s leadership team, with direct involvement in both deal execution and business development. The ideal candidate will have a strong background in the oil and gas industry, financial modeling, valuation, due diligence, and deal structuring and asset management.
KEY RESPONSIBILITIES
• Investment Opportunities: Identify, evaluate, and pursue potential investment opportunities in the oil and gas sector, with a focus on producing assets.
• Market Analysis: Conduct comprehensive market research and analysis to understand trends and opportunities in the oil and gas industry.
• Strategic Planning: Develop and implement strategic plans to achieve business objectives related to the oil and gas investment portfolio.
• Relationship Management: Build and maintain relationships with key stakeholders, including investors, partners, and clients in the oil and gas industry.
• Negotiation: Lead negotiation of investment deals, contracts, and agreements.
• Risk Management: Assess potential risks and returns of investment opportunities to ensure alignment with the company's financial goals and risk tolerance.
• Reporting: Prepare and present regular reports on the performance of the oil and gas investment portfolio to senior management and stakeholders.
ADDITIONAL DUTIES
• Perform financial analysis, valuation, and modeling of potential transactions, using various methods and assumptions.
• Conduct comprehensive due diligence on deals, including technical, commercial, legal, environmental, and regulatory aspects.
• Negotiate and execute definitive agreements, in coordination with internal and external advisors.
• Act as primary contact with operators and other working interest partners on all producing properties.
• Manage post-acquisition integration and transition, as well as monitor and report on portfolio performance both internally and semi-annually to the Board of Directors.
• Managing the daily operations and revenue generation of the company and ensuring its continual growth and success.
• Research variances from budgeted expectations, significant changes from prior periods or trends, and other operational anomalies and report to the executive team monthly.
• Work closely with finance and accounting to complete monthly financial reporting packages prepared and yearly budgets.
• Maintain and update current database of wells, including well-file data and production data.
• Support completion of YE and mid-year reserve report with contracted engineer.
• Review and approve AFEs on a monthly basis.
• Review monthly financial data and maintain familiarity with the performance to budget throughout the year.
QUALIFICATIONS
Bachelor's degree in petroleum engineering, finance, economics, or related field. MBA is a plus.
• At least 5 years of relevant experience in oil and gas industry, preferably in acquisition, divestiture, business development, or petroleum engineering roles.
• Proven successful experience in completing mergers and/or acquisitions within the oil and gas space.
• Strong knowledge of oil and gas markets, trends, drivers, and players.
• Proficient in financial modeling, valuation, and analysis, using Excel and other tools.
• Excellent communication, negotiation, and interpersonal skills.
• Ability to work independently and collaboratively within the bigger team.
• Ability to build and maintain strong relationships with a diverse range of stakeholders.
• Experience with Aries Petroleum Economics and Engineering software a plus.
PHYSICAL REQUIREMENTS
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:
• Sit or stand for long periods of time while working at a computer and/or writing.
WHAT WE OFFER
• Competitive compensation package, including base salary, discretionary bonuses based on personal and company performance, and comprehensive benefits.
• A collaborative, entrepreneurial culture where your contributions directly impact company success.
• Committed to providing a work-life balance in a positive, supportive team environment.
BENEFITS INCLUDE
• Office located in Golden, Colorado.
• Small team with positive and supportive attitudes.
• HSA health insurance plan with nominal company contribution, group life, vision, dental and disability insurance.
• Competitive paid time off package, as well as 401(k) with a Safe Harbor Match.
• Quarterly and annual bonuses, depending on performance.
INCENTIVES
• The position is eligible for a 5% bonus paid quarterly based primarily on individual performance and a 5% bonus annually primarily based on company performance. These bonuses are evaluated based on overall performance with emphasis on monitoring current assets. In addition, this position will also be offered the opportunity to earn a finder’s fee and/or profits interest in deals that are approved by the investment committee and closed.