Petroleum Engineer Salary with Reservoir Engineering skills

Petroleum Engineers with Reservoir Engineering skills can expect to earn a very comfortable salary, with average salaries (in the ballpark of $103K) surpassing six figures annually. Final cash compensation to Petroleum Engineers with Reservoir Engineering skills varies from around $75K to approximately $209K; choice pay grades include potential for bonuses and profit sharing as high as $40K and $53K, respectively. While geography and the individual firm impact pay for this group, career length is the most influential factor. The majority of workers are highly satisfied with their job. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$71,587 - $178,063

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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
$71,587 - $178,063  
   
Bonus
$2,010 - $39,809  
Profit Sharing
$989 - $52,500  
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).
)
$75,354 - $208,833  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 295
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Popular Employer Salaries for Petroleum Engineer with Reservoir Engineering skills


Although British Petroleum (BP) hands out the lowest average salary in town at $103K, employee compensation still varies greatly; workers can make as little as $87K or as much as $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.


For many Petroleum Engineers with Reservoir Engineering skills, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries can reach six figures almost right off the bat; beginning workers who have less than five years' experience bring in a median of $101K per year. Petroleum Engineers with Reservoir Engineering skills claiming one to two decades of experience make an estimated median of $164K. Petroleum Engineers with Reservoir Engineering skills who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $197K on average.

Pay Difference by Location


Petroleum Engineers with Reservoir Engineering skills will find that Dallas offers an impressive pay rate, one which exceeds the national average by 25 percent. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Bakersfield (+21 percent) and Midland (+6 percent). Petroleum Engineers with Reservoir Engineering skills in Tulsa take home the lowest salaries, earning a whopping 21 percent less than the national average.

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Experience Affects Petroleum Engineer with Reservoir Engineering skills Salaries

Late-Career
up arrow 67%

Experienced
up arrow 39%

Mid-Career
up arrow 6%

National Average
$118,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
7 %
Male
93 %

Years of Experience

Less than 1 year
17%
1-4 years
33%
5-9 years
22%
10-19 years
16%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 84%
vision benefits Vision: 73% employee benefits None: 4%
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