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Petroleum Engineer Salary

Change Country United States » Job » Petroleum Engineer Overview » Petroleum Engineer Salary
Updated: 10 May 2013
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Rated 5 out of 5 based on 152 Petroleum Engineer votes.
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Petroleum Engineer 2013 Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$64,237 - $209,738
(Median)
0
64K
85K
110K
150K
210K
MEDIAN: $108,595
10%
25%
50%
75%
90%
national salary data
National Salary Data

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary$61,975 - $172,303  
   
Bonus$35.23 - $39,043  
Profit Sharing$2,900 - $30,997  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$64,237 - $209,738  
PayScale
Country: United States | Currency: USD | Updated: 10 May 2013 | Individuals Reporting: 684

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Job Description for Petroleum Engineer

Petroleum engineers design and oversee the production and methods for retrieving oil and natural gas from various depths beneath the earth's surface. Most petroleum engineers work for oil companies. Others work at universities or research facilities.
Some of these engineers work in the field and help prospecting teams make recommendations on drilling sites based upon the cost, effort and feasibility of retrieving the product from where it is discovered. When a site is selected, these engineers will test the drilling samples and decide which is the safest method for retrieving the oil or gas. In some cases, oil will be under pressure and will rise to the surface without help from the engineer. In other cases, the oil will have to be pumped to the surface.
Another task of petroleum engineers is to design the drilling, pumping, prospecting, and storage equipment that get the job done. These people often work in research and development facilities or colleges, universities and trade schools.
Other petroleum engineers work at drilling sites. These engineers oversee the building and operation of subterranean drills, oil derricks, and other necessary equipment. Once the well is established, they will look for methods that will improve oil and gas production. If necessary, they will design or modify tools or offer technical advice that will help achieve satisfactory economic progress. Engineers in this aspect of their field will usually spend a lot of time working outdoors. They might even work at sea on drilling platforms or specialized drilling ships.
Petroleum engineers design, maintain and build oil pipelines. They may also be employed by oil storage facilities.
Petroleum Engineer Tasks
  • Oversee drilling and offer technical advice to achieve economical and satisfactory progress.
  • Devise methods to improve oil and gas well production and determine the need for new or modified tool designs.
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company salaries
Companies and Industries for Petroleum Engineer Salaries

Popular Employers

Salary Range

Chevron Corporation$86,584 - $197,864
British Petroleum (BP)$50,684 - $153,193
ConocoPhillips Company$91,916 - $201,341
Shell Oil Company$84,060 - $226,471
Schlumberger$88,735 - $180,722
Popular Industries

Salary Range

Oil and Gas Exploration$68,564 - $177,175
Petroleum Extraction$65,690 - $180,745
Petroleum Refinement$75,303 - $189,619
Engineering Services$60,582 - $146,320
Energy or Utilities$65,188 - $155,050

key statistics
Key Statistics for Petroleum Engineer Salaries and Jobs

Female
9%
female alumni
 
Male
91%
male alumni
Salary:$76,665 - $123,525 $81,810 - $131,954
Years of Experience
Less than 1 year
15%
1-4 years
33%
5-9 years
21%
10-19 years
17%
20 years or more
13%
Most Common Health Benefits
medical benefits Medical: 93% dental benefits Dental: 78%
vision benefits Vision: 64% employee benefits None: 6%

alumni reports
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career path
Career Path for Petroleum Engineer Jobs

Common Past Jobs
Common Future Jobs

Petroleum Engineer

Salary Range

$64,237 - $209,738
payscale
Project Engineer
$46,634 - $103,165
Field Engineer
$40,551 - $82,081
Production Engineer
$44,247 - $117,565
 
Common Future Jobs

Petroleum Engineer

Salary Range

$64,237 - $209,738
payscale
There is not enough data available to display this chart.
 

career path
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Top Cities by Popularity for Petroleum Engineer Jobs

Highest Salaries By City Top Cities by Popularity

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