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Updated / Emerging Occupations

Energy Asset Management Professional

Energy asset management professionals administer leases and contracts and manage financial transactions. They ensure field reporting and information sharing comply with laws and regulations.

This is an emerging occupation. It may have evolved from an existing occupation or emerged in response to consumer needs or technological advances.

Updated Mar 31, 2024

Energy asset management professionals work for companies involved in various energy-related roles. These might include oil and gas exploration and production, and renewable energy such as wind or solar power. They can also work in other industries that supply renewable energy. They perform a wide range of key administrative tasks, such as analysis, coordination, and negotiation, to maintain the company’s assets. Energy assets may include:

  • Land rights: surface rights required to access pads and wellsites, power lines, or pipelines, or other energy related land use
  • Mineral rights: rights to the oil, gas, and minerals below the surface
  • Wells and facilities: oil- and gas-producing wells and facilities that are solely or jointly owned by the company

Duties performed by energy asset managers vary greatly from one company to another. In general, they:

  • Administer contracts
  • Calculate and report on revenue and operational costs
  • Report volumes of oil and gas production
  • Maintain lease agreements
  • Ensure the company obtains licences, reports operational activities, shares information, and follows regulations
  • Maintain records on decommissioning and closure activities
  • Administer third-party agreements, including drafting, sending, requesting, executing, assigning, and filing

Energy asset managers typically specialize in one of several areas.

In joint ventures, they establish and interpret agreements with other oil and gas companies that are jointly investing in oil or gas wells and production facilities.

In operations accounting, they:

  • Calculate and record production costs, ownership interest, and overhead
  • Calculate and report on allocations and payouts
  • Analyze and pay joint-venture billings
  • Review and respond to joint-venture audit queries

In production accounting, they:

  • Report on the volume of oil and gas produced
  • Calculate the associated sales revenues and royalties
  • Ensure regulatory reporting is completed accurately and on time

In mineral land management, they:

  • Establish and interpret agreements to secure access to below-ground mineral rights, which involves working with government agencies, landowners, and other companies
  • Maintain leases, licences, and contracts
  • Pay mineral rentals

In surface land management, they:

  • Negotiate, establish, and interpret agreements to secure access to above-ground surface rights, which involves working with government agencies, landowners, and other companies
  • Maintain leases, licenses, and contracts
  • Ensure regulatory guidelines are followed

In wells and facilities asset management, they:

  • Analyze hydrocarbon well (and related facility) operational activities
  • Record changes in data from wells and facilities
  • Maintain records throughout an asset’s life cycle
  • Ensure regulatory reporting is completed accurately and on time
  • Ensure the company shares information about wells and facilities as obligated, within and outside the organization

Note: Many of these skills are also transferrable to renewable energy assets and other commodities.

Working Conditions
Updated Mar 31, 2024
  • Strength Required Lift up to 5 kg

Energy asset management professionals usually work in offices. Their hours of work vary depending on the organization and level of responsibility. Some companies offer a hybrid work environment consisting of part of a week worked in the office and some time worked from home. Some positions require overtime hours and some travel.

Traits & Skills
Updated Mar 31, 2024

Energy asset management professionals need:

  • Integrity and high ethical standards
  • Math skills
  • Written and verbal communication skills
  • Interpersonal, negotiation, and public relations skills
  • Analytical, time-management, and problem-solving skills
  • Organizational skills and attention to detail
  • Patience
  • The ability to work independently
  • Computer skills
  • Leadership skills to interact with all functions and levels of management
  • The ability to make decisions according to multiple, changing priorities under tight deadlines

They should enjoy:

  • Having clear rules and organized methods to guide their activities
  • Dealing with legal matters
  • Dealing with people from all walks of life
Educational Requirements
Updated Mar 31, 2024
  • Minimum Education 2 years post-secondary

Most emerging occupations develop from more than one occupation. People working in this occupation may come from a variety of education and training backgrounds. Before enrolling in an education program, prospective students should contact associations and employers in this field to investigate education options and employment possibilities.

Energy asset management professionals need to know about:

  • Land (mineral and surface) contracts: acquiring and preserving above- and below-ground rights (for details, see the Land Agent profile)
  • Joint ventures: establishing agreements and partnership arrangements
  • Oil and gas production accounting: reporting on production from wells
  • Operations accounting: accounting for operational costs, revenues, and joint-venture activities
  • Well and facility operations: managing well and facility activities from start to finish

Note: Renewable energy assets have comparable business functions.

Related Education

The following schools offer programs or courses that are related to this occupation but are not required to enter the field.

Southern Alberta Institute of Technology

To expand or narrow your search for programs related to this occupation, visit Post-Secondary Programs.

Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.

Certification Requirements
Updated Mar 31, 2024
  • Certification Not Regulated

There is currently no provincial legislation regulating this occupation in Alberta.

Employment & Advancement
Updated Mar 31, 2024

Emerging occupations typically are the result of:

  • An increased human need
  • Technological advances
  • Greater specialization within an occupation

Often there are too few people working in an emerging occupation to gather survey information. Therefore, it can be difficult to define advancement opportunities or employment outlook. Some Albertans already are working in this emerging occupation, but future demand for it is unknown.

Energy asset management professionals work for:

  • Companies that own energy assets
  • Companies that supply and service the oil and gas industry
  • Renewable energy companies
  • Pipeline companies
  • Transmission line companies
  • Government

They may start out in junior roles as:

  • Surface- or mineral-rights land analysts
  • Royalty or operations accountants
  • Field administrators
  • Drilling technicians or analysts

Employment Outlook

Employment outlook is influenced by a wide variety of factors including:

  • Time of year (for seasonal jobs)
  • Location in Alberta
  • Employment turnover (when people leave existing positions)
  • Occupational growth (when new positions are created)
  • Size of the occupation
  • Trends and events that affect overall employment

Explore emerging workplace trends in Alberta that could affect this occupation.

Wage & Salary
Updated Mar 31, 2024

Often there are too few people working in an emerging occupation to gather survey information. Therefore, no current provincial salary data is available for this occupation.

Related Post-Secondary Field of Study
  • Business, Management and Administrative Studies
  • Engineering and Science Technologies
Other Sources of Information
Updated Mar 31, 2024

Alberta Association of Surface Land Agents (AASLA) website:

Canadian Association of Land and Energy Professionals (CALEP) website:

Canadian Association of Petroleum Land Administration:

Canadian Association of Petroleum Production Accounting (CAPPA) website:

International Right of Way Association (IRWA) Calgary Chapter 48 website:

Energy Accountants Society of Canada (EASC) website:

Petroleum Joint Venture Association (PJVA) website:

Get information and referrals about career, education, and employment options from Alberta Supports.

Updated Mar 31, 2024. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.

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