Petroleum Engineer with Reservoir Engineering Skills Salary

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 $209K depending on bonuses that can occasionally exceed $39K and profit sharing that can reach almost $29K. While the particular city and the individual firm impact pay for this group, career duration is the most influential factor. Job satisfaction is reported as high by the vast majority of workers. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

$71,308 - $176,929
(Median)
$71K
$100K
$180K
MEDIAN: $103,265
10%
50%
90%

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$30.20 - $173.83
(Median)
$30
$54
$170
MEDIAN: $54.00
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
$71,308 - $176,929  
   
Bonus
$1,750 - $39,305  
Profit Sharing
$997 - $29,245  
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).
)
$74,763 - $209,286  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 319
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$60$120$180
Hourly Rate
$30.20 - $173.83  
   
Overtime
$90.00  
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$120K$240K$360K
Bonus
$1,750 - $39,305  
   
Profit Sharing
$997 - $29,245  
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).
)
$74,763 - $209,286  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 10
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Popular Employer Salaries for Petroleum Engineer


The consistently lowest paying firm is British Petroleum (BP), where the median salary is just $105K. There isn't much variation there, either; the pay scale ranges only from $88K to $163K.

Pay by Experience Level for Petroleum Engineer

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. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $101K per year. Petroleum Engineers with Reservoir Engineering skills claiming one to two decades of experience make an estimated median of $164K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $197K.

Pay Difference by Location

National Average: $117,544

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

For Petroleum Engineers with Reservoir Engineering skills, working in the bustling city of Dallas has its advantages, including an above-average pay rate. 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 Salaries

Late-Career
up arrow 67%

Experienced
up arrow 40%

Mid-Career
up arrow 7%

National Average
$118,000

Entry-Level
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
8 %
Male
92 %

Years of Experience

Less than 1 year
16%
1-4 years
35%
5-9 years
21%
10-19 years
16%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 82%
medical benefits
Vision: 71%
dental benefits
None: 5%
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