Petroleum Engineer with Reservoir Engineering Skills Salary

Petroleum Engineers with Reservoir Engineering skills see excellent average salaries — about $101K annually. Total cash compensation to Petroleum Engineers with Reservoir Engineering skills ranges from $64K on the lower end to $235K on the higher end; the final number includes potential for approximately $39K each from bonuses and profit sharing in exceptional cases. The most important factor affecting compensation for this group is career length, followed by geography and the specific company. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to a majority. Though the majority of Petroleum Engineers with Reservoir Engineering skills do not report high levels of job satisfaction, most are moderately content with their role. The vast majority of Petroleum Engineers with Reservoir Engineering skills (88 percent) survey respondents are men. This report is based on responses to the PayScale salary survey.

$61,586 - $182,771
$62K
$100K
$180K
MEDIAN: $101,280
10%
50%
90%

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$29.00 - $70.00
$49
MEDIAN: $48.67
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
$61,586 - $182,771  
   
Bonus
$202.73 - $38,978  
Profit Sharing
$235.57 - $40,725  
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).
)
$64,478 - $235,414  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 145
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
$67.50  
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$80K$160K$240K
Bonus
$202.73 - $38,978  
   
Profit Sharing
$235.57 - $40,725  
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).
)
$64,478 - $235,414  
Country: United States | Currency: USD | Updated: 25 Mar 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

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: $111,469

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

With a pay rate for Petroleum Engineers with Reservoir Engineering skills that is 28 percent greater than the national average, Bakersfield offers a comfortable salary for those in this profession. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Denver (+16 percent) and Houston (+12 percent). The lowest-paying market is Tulsa, which sits 17 percent below the national average. Workers in Dallas and Oklahoma City earn salaries that trail the national average for those in this profession (10 percent less and 4 percent less, respectively).

Key Stats for Petroleum Engineer

Gender

Female
12 %
Male
88 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.
Less than 1 year
15%
1-4 years
41%
5-9 years
15%
10-19 years
16%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Petroleum Engineer Salaries

▲75%

Experienced
▲45%

Mid-Career
▲8%

National Average
$111,000

▼10%

Job Satisfaction

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

Gender

Female
12 %
Male
88 %

Years of Experience

Less than 1 year
15%
1-4 years
41%
5-9 years
15%
10-19 years
16%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 67%
vision benefits
Vision: 58%
no benefits
None: 13%