Petroleum Engineers with Reservoir Engineering skills see excellent average salaries — about $102K annually. Total incomes of Petroleum Engineers with Reservoir Engineering skills incorporate potential for, in a few cases, more than $38K from bonuses and close to $74K from profit sharing; these performance components cause packages to range between $66K and $233K. Career duration is the main element affecting pay for this group — geography and the particular employer are driving factors as well. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to the greater part. For the most part, people in this position report moderate levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$63,345 - $180,680
$63K
$100K
$180K
MEDIAN: $102,312
10%
50%
90%

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$29.00 - $70.00
$49
MEDIAN: $48.00
50%

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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$80K$160K$240K
Salary
$63,345 - $180,680  
   
Bonus
$493.16 - $37,961  
Profit Sharing
$251.68 - $74,497  
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).
)
$66,390 - $232,914  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 154
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$50$100$150
Hourly Rate
$48.67  
   
Overtime
$50.00  
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$80K$160K$240K
Bonus
$493.16 - $37,961  
   
Profit Sharing
$251.68 - $74,497  
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).
)
$66,390 - $232,914  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9

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Popular Employer Salaries for Petroleum Engineer


British Petroleum (BP) offers the lowest pay in the field with a median salary of just $105K, but on the other end, some employees may earn up 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, more experience generally translates to higher pay. Although inexperienced employees take home approximately $100K, those who have five to 10 years under their belts benefit from a six-figure median of $122K. Petroleum Engineers with Reservoir Engineering skills with one to two decades of relevant experience report an average salary of approximately $161K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $202K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $113,734

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

Dallas offers some of the highest pay in the country for Petroleum Engineers with Reservoir Engineering skills, 27 percent above the national average. Petroleum Engineers with Reservoir Engineering skills can also look forward to large paychecks in cities like Bakersfield (+25 percent), Denver (+14 percent), Houston (+12 percent), and Midland (+10 percent). Tulsa is home to the smallest salaries in the field, lagging the national average by 19 percent.

Key Stats for Petroleum Engineer

Gender

Female
11 %
Male
89 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.
Less than 1 year
15%
1-4 years
40%
5-9 years
16%
10-19 years
16%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Petroleum Engineer Salaries

Late-Career
up arrow 77%

Experienced
up arrow 42%

Mid-Career
up arrow 7%

National Average
$114,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.

Gender

Female
11 %
Male
89 %

Years of Experience

Less than 1 year
15%
1-4 years
40%
5-9 years
16%
10-19 years
16%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 66%
vision benefits
Vision: 58%
dental benefits
None: 12%
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