Petroleum Engineer Salary with Reservoir Engineering skills

Petroleum Engineers with Reservoir Engineering skills receive generous compensation — earning an average of $103K per year, their standard salaries shoot well into the six-figure range. In the world of Petroleum Engineers with Reservoir Engineering skills, overall cash allowance can occasionally include more than $40K from bonuses and, in some exceptional cases, $74K from profit sharing, causing incomes to vary widely between $76K and $210K. 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. Medical benefits are awarded to almost all, and a large number earn dental coverage. Work is enjoyable for Petroleum Engineers with Reservoir Engineering skills, who typically claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$71,988 - $178,679
(Median)
$72K
$100K
$180K
MEDIAN: $103,012
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$80K$160K$240K
Salary
$71,988 - $178,679  
   
Bonus
$2,040 - $39,924  
Profit Sharing
$988 - $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).
)
$75,730 - $210,320  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 289
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Popular Employer Salaries for Petroleum Engineer with Reservoir Engineering skills


British Petroleum (BP) is infamous for dishing out the smallest paychecks in the area (the median in that office is $103K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $87K while workers on the upper end may rake in $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 rich background of experience are typically rewarded with larger paychecks. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $101K per year. After working for 10 to 20 years, Petroleum Engineers with Reservoir Engineering skills make a median salary of $163K. Petroleum Engineers with Reservoir Engineering skills who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $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 (+21 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 38%

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
17%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 84%
vision benefits Vision: 73% employee benefits None: 4%
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