Petroleum Engineer with Reservoir Engineering Skills Salary

Petroleum Engineers with Reservoir Engineering skills can look forward to a sizeable six-figure salary — around $103K per year on average. In the world of Petroleum Engineers with Reservoir Engineering skills, overall cash allowance can occasionally include more than $39K from bonuses and, in some exceptional cases, $29K from profit sharing, causing incomes to vary widely between $75K and $209K. This group's pay is mainly influenced by career duration, followed by the particular city and the specific company. The majority of Petroleum Engineers with Reservoir Engineering skills claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$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


British Petroleum (BP) offers the lowest compensation; the median salary there averages out to only $105K. The pay range is also narrow, ranging between $88K and $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, more experience generally translates to higher pay. 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. For Petroleum Engineers with Reservoir Engineering skills, 10 to 20 years of experience on the job amounts to an average salary of $164K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $197K.

Pay Difference by Location

National Average: $117,544

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

Home to some of the best pay for Petroleum Engineers with Reservoir Engineering skills, Dallas offers exceptional salaries, 25 percent above the national average. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Bakersfield (+21 percent) and Midland (+6 percent). One of the biggest compensable factors for Petroleum Engineers with Reservoir Engineering skills is geography, with workers in Tulsa earning a whopping 21 percent below 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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