Petroleum Geologist Salary
|Salary||$59,608 - $197,229|
|Bonus||$4,917 - $51,521|
|Profit Sharing||$0.00 - $30,201|
|Total Pay (||$59,585 - $209,678|
Job Description for Petroleum Geologist
Petroleum geologists are geoscientists who are typically employed by oil and gas companies, and their work revolves around determining geographical points at/in which to search for natural resources; in the specific field of petroleum geology, the focuses are discovery and production of oil. They generally surmise where to drill for oil by obtaining an idea of the areas beneath the surface, formulating a three-dimensional image measured against time, and preparing subsurface maps and diagrams of stratigraphic data which depict possible oil deposits. They obtain these ideas by studying various elements in the Earth's surface, including the presence of certain rocks and structural features. Although this information is studied using a variety of geophysical methods, the general location is determined using aerial photographs before these processes begin.Read More...
Petroleum geologists may also be involved in recommending contracts and releases regarding acquisition, retention, and release of land property. Candidates for this position are expected to have comprehensive knowledge of engineering, stratigraphy, and structural geology.
Petroleum geologists generally work during traditional business hours, although those who are self-employed may work more as consultants, particularly on weekends. Their work requires some communication with others, but primarily their employers for consultations. Their work is both indoors and outdoors, as they may conduct reports and analyze data from an office but also spend extensive time at drilling sites. Some employers may require a master's degree in a geology-related field, and some states require those who work with the public to obtain state-issued licenses.
Petroleum Geologist Tasks
- Provide technical input and guidance for exploring, appraising, and developing potential sites.
- Integrate many types of data and computations to create simulations, models, and hazard analysis.
- Scope and frame projects, including assigning roles and tasks.
- Model and create requirements for reservoirs and their use.
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Pay by Experience Level for Petroleum Geologist
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. Inexperienced workers earn around $98K, but people who have been around for five to 10 years pull down a much higher average of $124K. The average pay reported by folks with 10 to 20 years of experience is around $179K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $180K.
Pay Difference by Location
Surpassing the national average by 32 percent, Petroleum Geologists in Midland receive some of the highest pay in the country. Petroleum Geologists will also find cushy salaries in Houston (+21 percent). Petroleum Geologists in San Antonio report much lower salaries than the rest of the country — 53 percent below the national average — proving that residence is a major factor in overall pay. Two other places where employers offer below-median salaries are Pittsburgh (32 percent less) and Dallas (15 percent less).
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