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Petroleum Engineer Salary with Reservoir Engineering skills

Salaries for Petroleum Engineers with Reservoir Engineering skills are generous, with average pay above six figures ($103K) per year. Total cash compensation for Petroleum Engineers with Reservoir Engineering skills runs from $75K to $211K depending on bonuses that can occasionally exceed $40K and profit sharing that can reach almost $31K. While geography and the particular employer impact pay for this group, career duration is the most influential factor. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction for Petroleum Engineers with Reservoir Engineering skills is high. This snapshot results from replies to PayScale's salary survey.

$71,961 - $179,468
(Median)
$72K
$100K
$180K
MEDIAN: $102,996
10%
50%
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$80K$160K$240K
Salary
$71,961 - $179,468  
   
Bonus
$2,011 - $40,386  
Profit Sharing
$990 - $30,639  
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).
)
$75,477 - $210,829  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 278

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Popular Employer Salaries for Petroleum Engineer with Reservoir Engineering skills


Employees of British Petroleum (BP) can expect to make the least, with the company offering a median salary of $103K; however, pay is widely dispersed from top to bottom, ranging from $87K to $165K.

Pay by Experience Level for Petroleum Engineer with Reservoir Engineering skills

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Petroleum Engineers with Reservoir Engineering skills with a rich background of experience are typically rewarded with larger paychecks. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $101K per year. Petroleum Engineers with Reservoir Engineering skills who work for 10 to 20 years in their occupation tend to earn about $163K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $202K.

Pay Difference by Location


For Petroleum Engineers with Reservoir Engineering skills, Dallas provides a pay rate that is 24 percent greater than the national average. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Bakersfield (+20 percent) and Midland (+6 percent). The lowest-paying market is Tulsa, which sits 22 percent below the national average, proving that location is a significant contributor to overall pay.

United States (change)

Experience Affects Petroleum Engineer with Reservoir Engineering skills Salaries

Late-Career
up arrow 71%

Experienced
up arrow 37%

Mid-Career
up arrow 6%

National Average
$118,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
6 %
Male
94 %

Years of Experience

Less than 1 year
17%
1-4 years
33%
5-9 years
21%
10-19 years
17%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 83%
vision benefits Vision: 72% employee benefits None: 4%