Job Description

Oil & Gas Petroleum Engineer/ SAM Associate III

Dallas, Texas

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Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for managing the most complex specialty asset portfolios, including farm and ranch land, timberland, real estate, mineral and energy interests, and private businesses. Key responsibilities include overseeing advanced asset strategies, supporting client and prospect meetings, and delivering tailored asset solutions in partnership with private bank teams. Job expectations include demonstrating deep asset knowledge, applying sound fiduciary judgment, leading asset decisions with growing independence, and delivering strong client support and execution.

The Oil & Gas Petroleum Engineer serves as a technical subject matter expert (SME) within Bank of America Private Bank. This role supports fiduciary, wealth management, and trust professionals by overseeing and evaluating oil and gas mineral interests, royalties, and non‑operated working interests held on behalf of families, nonprofit organizations, endowments, foundations, and other institutional clients. The position focuses on asset oversight, valuation support, cash flow assurance, and risk management rather than direct field operations.

Responsibilities:

Asset Oversight & Engineering Review

• Evaluate performance of royalty interests, overriding royalties, and non operated working interests across conventional and unconventional assets.

• Review operator reports, joint interest billings (JIBs), production data, and development plans for accuracy, reasonableness, and compliance with agreements.

• Monitor drilling, completion, and recompletion activities on non operated assets to ensure alignment with client objectives and fiduciary standards.

• Review and provide feedback on joint operating agreements, unitization agreements and farmout agreements.

• Identify underperforming assets and operational or economic risks.

• Inspect working interest operations on designated working interest assets and comment on environmental matters relating thereto. In appropriate cases, should be able to communicate with well operators for remediation of any environmental issues found

Financial & Economic Analysis

• Perform engineering based economic evaluations, including decline curve analysis, reserves estimation, and cash flow forecasting.

• Support asset valuation, portfolio benchmarking, and transaction analysis for acquisitions, divestitures, and estate planning.

• Analyze capital expenditures, operating costs, and payout timing for non operated interests.

• Assist trust and investment teams with distribution forecasting and budgeting tied to mineral income.

• Preparation of net income projections and fair market value appraisals (in-house or third party)

Royalty & Revenue Assurance

• Validate royalty payments, production volumes, pricing benchmarks, and post production deductions.

• Identify and help resolve underpayments, overcharges, or operator discrepancies in coordination with legal and accounting partners.

Fiduciary & Client Support

• Provide technical explanations to relationship managers, trust officers, investment professionals, and clients in clear, non technical language.

• Prepare written summaries, asset reviews, and board level or investment committee materials.

• Support fiduciary decision making by assessing development options, operator proposals, and consent requests.

Operator & Third Party Coordination

• Act as a technical liaison with operators, landmen, engineers, attorneys, and independent consultants.

• Review authorizations for expenditure (AFEs) and recommend consent or non-consent on non operated interests.

• Support audits, engineering reviews, and litigation support when needed.

Required Qualifications:

• 10+ years of experience in petroleum engineering, reservoir engineering, or asset evaluation.

• Experience with royalty and non-operated working interests strongly preferred.

• Prior exposure to mineral management, private wealth, trust, family office, or institutional portfolios a plus.

• Proficient with PHDWin / ARIES reserve and economic software

• Proficient with well production data and GIS mapping tools (DrillingInfo/PRISM, Energy Domain, Well Database, etc.)

Desired Qualifications:

• Petroleum Engineering degree or other applicable engineering degree

• Reservoir engineering experience

• Licensing as a Professional Engineer

Skills:

• Collaboration

• Decision Making

• Issue Management

• Prioritization

• Strategic Thinking

• Critical Thinking

• Customer and Client Focus

• Oral Communications

• Project Management

• Written Communications

• Active Listening

• Adaptability

• Analytical Thinking

• Continuous Improvement

• Innovative Thinking

Minimum Education Requirement: Bachelors Degree or equivalent.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

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