Petroleum Engineer Salary with Reservoir Engineering skills

Compensation for Petroleum Engineers with Reservoir Engineering skills is generous, with average pay surpassing six figures annually ($103K). In the world of Petroleum Engineers with Reservoir Engineering skills, total cash compensation can vary between $76K and $209K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $40K and $75K, respectively. The most influential factor affecting pay for this group is career duration, though the particular city and the individual firm have a (lesser) impact as well. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Most workers in this position report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$72,131 - $178,059
(Median)
$72K
$100K
$180K
MEDIAN: $103,231
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$70K$140K$210K
Salary
$72,131 - $178,059  
   
Bonus
$2,032 - $39,654  
Profit Sharing
$992 - $75,000  
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).
)
$75,744 - $208,833  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 285
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Popular Employer Salaries for Petroleum Engineer with Reservoir Engineering skills


British Petroleum (BP) offers the least money; the median income there is just $103K. The pay range is also pretty narrow, as compensation generally sits between $87K and $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 lot of experience tend to enjoy higher earnings. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $101K. Petroleum Engineers with Reservoir Engineering skills who work for 10 to 20 years in their occupation tend to earn about $163K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $199K on average.

Pay Difference by 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 (+20 percent) and Midland (+6 percent). Location significantly influences compensation, with Tulsa Petroleum Engineers with Reservoir Engineering skills earning much less — 22 percent less — than the national average.

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Experience Affects Petroleum Engineer with Reservoir Engineering skills Salaries

Late-Career
up arrow 68%

Experienced
up arrow 37%

Mid-Career
up arrow 6%

National Average
$118,000


Job Satisfaction

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

Gender

Female
6 %
Male
94 %

Years of Experience

Less than 1 year
17%
1-4 years
32%
5-9 years
22%
10-19 years
16%
20 years or more
13%

Common Health Benefits

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