Colin Edie, P.Eng CFA
Senior Development Engineer and Corporate Planner at Bonavista Energy Corporation- Claim this Profile
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Bio
Experience
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Bonavista Energy Corporation
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Canada
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Oil and Gas
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100 - 200 Employee
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Senior Development Engineer and Corporate Planner
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Jun 2022 - Present
Calgary, Alberta, Canada • Created and implemented a development plan for the Glauconitic Barrier Bar including the preparation of the annual capital budget, obtaining project approvals, and monitoring execution. • Generated Type Curves for the development area utilizing a combination of data analytics and reservoir engineering techniques. • Combined reservoir and economic characterizations to rank all Prospective Inventory on Bonavista land in conjunction with G&G. • Collaborated with G&G, Drilling… Show more • Created and implemented a development plan for the Glauconitic Barrier Bar including the preparation of the annual capital budget, obtaining project approvals, and monitoring execution. • Generated Type Curves for the development area utilizing a combination of data analytics and reservoir engineering techniques. • Combined reservoir and economic characterizations to rank all Prospective Inventory on Bonavista land in conjunction with G&G. • Collaborated with G&G, Drilling, Completions, Facilities, Production, and Land, to incorporate the management strategy, costs, and constraints into the development plans. • Supported Bonavista’s long-range planning tool by incorporating necessary type curves and development plans, truing up data to match with Actuals, and updating the model with the latest commodity price deck. • Engaged with key stakeholders in the development of the upcoming year’s Budget and 3-year Long Range Plan. Show less
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Paramount Resources
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Canada
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Oil and Gas
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200 - 300 Employee
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Senior Reservoir / Reserves Engineer
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2019 - 2021
Calgary, Canada Area Redesigned and implemented the Corporate Reserves process and provided Evaluation Expertise. • Created and implemented a reserves strategy for the company that was executed over multiple reserve cycles, driving alignment between the reserves, financial statements, and corporate development goals. • Restructured the year end reserves process through engagement with multiple internal and external stakeholders, managing the new cycle from setup and risk assessment through to execution… Show more Redesigned and implemented the Corporate Reserves process and provided Evaluation Expertise. • Created and implemented a reserves strategy for the company that was executed over multiple reserve cycles, driving alignment between the reserves, financial statements, and corporate development goals. • Restructured the year end reserves process through engagement with multiple internal and external stakeholders, managing the new cycle from setup and risk assessment through to execution, analysis, feedback, and reporting. • Provided ad hoc evaluations of business development opportunities for acquisition and disposition purposes, as well as internal sensitivities and scenarios based off of the year end reserves. • Leveraged multivariate data analytic development models for assessing and optimizing asset development proposals, complemented with analytical reservoir engineering methods. • Provided reservoir engineering and development assessments for internal projects as a part of the annual budget and corporate capital planning cycles. Show less
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Encana Corporation
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Canada
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Oil and Gas
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700 & Above Employee
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Senior Reserves Engineer
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2014 - 2019
Calgary, Canada Area Drove continuous improvement of reserves processes, analysis, and external reporting, under both CDN and US reporting requirements. • Consolidated, reviewed, and prepared external reserves reporting requirements for 10-K, NI51-101 compliance and supplementary disclosures. • Identified and implemented controls, ensuring due diligence and integrity of financial statements. • Facilitated company transition from external evaluation of reserves to internal evaluation through engagement with… Show more Drove continuous improvement of reserves processes, analysis, and external reporting, under both CDN and US reporting requirements. • Consolidated, reviewed, and prepared external reserves reporting requirements for 10-K, NI51-101 compliance and supplementary disclosures. • Identified and implemented controls, ensuring due diligence and integrity of financial statements. • Facilitated company transition from external evaluation of reserves to internal evaluation through engagement with stakeholders and ownership of critical processes. • Drafted Encana’s reserves SOX narrative and testing plan, securing approval by internal audit, business leaders, and external financial auditor (PWC). • Achieved the first exemption granted since introduction of NI51-101 by presenting reserves processes and controls to the ASC in 2016 / 17, influencing application exemptions from IQRE/IQRA audits. • Developed data analytics for reserves reconciliation and year end reporting, providing high level quality assurance and identifying discrepancies between external and internal evaluations. • Co-ordinated centralized data transfer of reserve work files across company through SharePoint and SharePoint online, including logs and metadata deployment as evidence for audits.
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Development Engineer
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2011 - 2014
Calgary, Canada Area Led team of multi-disciplinary professionals from valuation through to project execution. • Evaluated and modeled drilling programs in tandem with farm ins, summarizing and communicating recommended actions to management. • Executed multi-stage horizontal program by influencing critical stakeholders and gaining funding approval. • Transformed operational deliverables by overseeing and delivering high level project management, capital and production accruals / forecasts, budget, and… Show more Led team of multi-disciplinary professionals from valuation through to project execution. • Evaluated and modeled drilling programs in tandem with farm ins, summarizing and communicating recommended actions to management. • Executed multi-stage horizontal program by influencing critical stakeholders and gaining funding approval. • Transformed operational deliverables by overseeing and delivering high level project management, capital and production accruals / forecasts, budget, and long-range plans.
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New Graduate Engineer
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2007 - 2011
Calgary, Canada Area Developed a broad business understanding through 4 year-long Engineering rotations (Reservoir, Development, Production, Facilities) as a part of Encana’s New Graduate Program.
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Education
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Queen's University
B.Sc., Engineering Chemistry