Wages for Mid-Career Petroleum Engineers are generous, with average pay above six figures ($112K) per year. Cash earnings for Mid-Career Petroleum Engineers — including $40K in bonuses and $21K in profit sharing proceeds near the top of the pay scale — generally stretch from $78K to $192K depending on individual performance. Geographic location and the company each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Mid-Career Petroleum Engineers. Medical benefits are awarded to almost all, and a fair number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.

$78,294 - $160,670
(Median)
$78K
$110K
$160K
MEDIAN: $112,330
10%
50%
90%

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$32.95 - $88.77
(Median)
$33
$53
$89
MEDIAN: $53.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$78,294 - $160,670  
   
Bonus
$1,032 - $39,911  
Profit Sharing
$49.66 - $20,542  
Commission
$12,578  
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).
)
$78,176 - $192,054  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 206
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$32.95 - $88.77  
   
Hourly Tips
$1.56  
Overtime
$50.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$1,032 - $39,911  
   
Commission
$12,578  
Profit Sharing
$49.66 - $20,542  
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).
)
$78,176 - $192,054  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 15
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Popular Employer Salaries for Petroleum Engineer


Employees at Chevron Corporation take home the smallest paychecks, and $135K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $101K and quickly nearing the top at only $171K.

Pay Difference by Location

National Average: $120,897

Larger city markers indicate a job is popular in that location.

For Mid-Career Petroleum Engineers, busy Dallas offers a higher-than-average pay rate, 12 percent above the national average. Mid-Career Petroleum Engineers will also find cushy salaries in Denver (+8 percent) and Oklahoma City (+8 percent). With compensation 9 percent below the national average, Austin is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Tulsa and Midland also lean toward paying below-median salaries (7 percent lower and 5 percent lower, respectively).

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Skills That Affect Petroleum Engineer Salaries

Well Production Engineering
up arrow 9%

Project Management
up arrow 4%

Oil and Gas Formation Evaluation
up arrow 1%

Reservoir Engineering
up arrow 1%

National Average
$121,000

Simulation
up arrow 2%

Borehole Formation Evaluation (FE)
up arrow 6%

Microsoft Excel
up arrow 7%

Drilling Engineering
up arrow 8%

Engineering Design
up arrow 8%

Microsoft Office
up arrow 9%

Microsoft Word
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
3 %
Male
97 %

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 79%
medical benefits
Vision: 68%
dental benefits
None: 2%
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