The average salary for a Petroleum Engineer is $98,339 per year. Skills that are associated with high pay for this job are Project Management and Well Production Engineering. Experience strongly influences income for this job.
Petroleum Engineer 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.
)
$62,223 - $161,688
(Median)
62K
80K
98K
120K
160K
MEDIAN: $98,339
10%
25%
50%
75%
90%
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Petroleum Engineer 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.
)
$15.89 - $100.67
(Median)
16
25
39
58
100
MEDIAN: $39.00
10%
25%
50%
75%
90%
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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
$62,223 - $161,688  
   
Bonus
$1,954 - $35,733  
Profit Sharing
$1,928 - $29,776  
Commission
$986 - $24,832  
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).
)
$65,215 - $190,215  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 1,697
National Hourly Rate 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$50$100$150
Hourly Rate
$15.89 - $100.67  
   
Overtime
$10.30 - $145.44  
National Annualized 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$100K$200K$300K
Bonus
$1,954 - $35,733  
   
Commission
$986 - $24,832  
Profit Sharing
$1,928 - $29,776  
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).
)
$65,215 - $190,215  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 1,697
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Popular Employer Salaries for Petroleum Engineer
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.
Read More...
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.
Read more about: Petroleum Engineers
Popular Skills for Petroleum Engineer
Pay by Experience Level for Petroleum Engineer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
San Antonio
up arrow 13%
Fort Worth
up arrow 8%
up arrow 6%
up arrow 5%
up arrow 1%
Los Angeles
up arrow 1%
New Orleans
up arrow 1%
National Average
$107,000
up arrow 1%
Oklahoma City
up arrow 2%
up arrow 10%
Pittsburgh
up arrow 11%
Lafayette
up arrow 17%
up arrow 21%
New York
up arrow 26%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Petroleum Engineer Salaries

National Average
$107,000

Skills That Affect Petroleum Engineer Salaries

Engineering Design
up arrow 2%
Simulation
up arrow 2%
National Average
$107,000
Oil and Gas Formation Evaluation
up arrow 1%
Microsoft Excel
up arrow 3%
Microsoft Office
up arrow 3%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 390 votes.
Gender
Female
9%
female alumni
 
Male
91%
male alumni
Years of Experience
Less than 1 year
14%
1-4 years
36%
5-9 years
22%
10-19 years
14%
20 years or more
13%
Common Health Benefits
medical benefits Medical: 93% dental benefits Dental: 82%
vision benefits Vision: 66% employee benefits None: 5%
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