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Petroleum Engineer Salary with Reservoir Engineering skills

Petroleum Engineers with Reservoir Engineering skills enjoy a hefty income, with average pay passing six figures ($103K) annually. In the world of Petroleum Engineers with Reservoir Engineering skills, overall income ranges from $76K near the bottom to $206K at the top; this can include more than $40K from bonuses and more than $31K from profit sharing in exceptional cases. The most influential factor affecting pay for this group is experience level, though the particular city and the individual firm have a (lesser) impact as well. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$71,992 - $177,084
(Median)
$72K
$100K
$180K
MEDIAN: $102,872
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
$71,992 - $177,084  
   
Bonus
$2,009 - $39,654  
Profit Sharing
$990 - $30,639  
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).
)
$75,532 - $205,778  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 279

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While select British Petroleum (BP) employees may bring in up to $165K, a median salary of only $103K — the lowest in the field — suggests a serious lag in the earnings department.

Pay by Experience Level for Petroleum Engineer with Reservoir Engineering skills

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. 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. On average, Petroleum Engineers with Reservoir Engineering skills make $163K following one to two decades on the job. 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 $186K on average.

Pay Difference by 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). Petroleum Engineers with Reservoir Engineering skills in Tulsa earn salaries far below the national average by 22 percent, proving that geography overwhelmingly affects the pay scale for those in this field.

United States (change)

Experience Affects Petroleum Engineer with Reservoir Engineering skills Salaries

Late-Career
up arrow 58%

Experienced
up arrow 38%

Mid-Career
up arrow 6%

National Average
$118,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
6 %
Male
94 %

Years of Experience

Less than 1 year
17%
1-4 years
33%
5-9 years
22%
10-19 years
16%
20 years or more
12%

Common Health Benefits

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