Petroleum Engineer with Reservoir Engineering Skills Salary

Average pay for a Petroleum Engineer with Reservoir Engineering skills is considerable, rounding six figures at $100K per year. Including potential for bonuses and profit sharing, each hitting highs of $39K, total cash payment to Petroleum Engineers with Reservoir Engineering skills can bottom out at $62K or peak near $238K. While geography and the particular employer impact pay for this group, career duration is the most influential factor. Medical benefits are awarded to most, and the greater part earn dental coverage. Job satisfaction is considered about average by most people in this profession. The data in this summary comes from the PayScale salary survey.

$60,983 - $183,615
$61K
$100K
$180K
MEDIAN: $100,338
10%
50%
90%

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$25.43 - $58.96
$43
MEDIAN: $42.68
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
$60,983 - $183,615  
   
Bonus
$195.74 - $39,453  
Profit Sharing
$238.83 - $40,127  
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).
)
$62,048 - $238,222  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 153
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
$42.68  
   
Overtime
$92.50  
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$100K$200K$300K
Bonus
$195.74 - $39,453  
   
Profit Sharing
$238.83 - $40,127  
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).
)
$62,048 - $238,222  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 8

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While select British Petroleum (BP) employees may bring in up to $163K, a median salary of only $105K — the lowest in the field — suggests a serious lag in the earnings department.

Pay by Experience Level for Petroleum Engineer

Pay by Experience for a Petroleum Engineer has a positive trend. An entry-level Petroleum Engineer with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 92 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Petroleum Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $121,000 based on 30 salaries. An experienced Petroleum Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $161,000 based on 28 salaries. A Petroleum Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $195,000 based on 20 salaries.

Pay Difference by Location

National Average: $109,445

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, Bakersfield offers exceptional salaries, 30 percent above the national average. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Denver (+18 percent) and Houston (+14 percent). The smallest paychecks in the market, 15 percent south of the national average, can be found in Tulsa. Employers in Dallas and Oklahoma City also lean toward paying below-median salaries (8 percent lower and 2 percent lower, respectively).

Key Stats for Petroleum Engineer

Gender

Female
11 %
Male
89 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.
Less than 1 year
14%
1-4 years
42%
5-9 years
15%
10-19 years
16%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Petroleum Engineer Salaries

▲78%

Experienced
▲48%

Mid-Career
▲10%

National Average
$109,000

▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
11 %
Male
89 %

Years of Experience

Less than 1 year
14%
1-4 years
42%
5-9 years
15%
10-19 years
16%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 69%
vision benefits
Vision: 58%
no benefits
None: 12%
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