Reservoir Engineer Salary

The average salary for a Reservoir Engineer is $114,054 per year. A skill in Simulation is associated with high pay for this job. Experience has a moderate effect on income for this job.
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$72,959 - $179,842
$73K
$110K
$180K
MEDIAN: $112,436
10%
50%
90%

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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$70K$140K$210K
Salary
$72,959 - $179,842  
   
Bonus
$2,943 - $30,740  
Profit Sharing
$966 - $25,532  
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).
)
$75,234 - $207,210  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 174

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Job Description for Reservoir Engineer

Reservoir engineers are specialists in locating - and helping petroleum companies effectively use - underground reservoirs of fossil fuels. Using geological expertise, knowledge of fluid mechanics, and various forms of technology, the reservoir engineer determines the location of underground fuel reservoirs and their reserve capacities, as well as whether their long-term viability makes them suitable for investment. The reservoir engineer works with geologists to monitor the reserves as fuels are extracted and makes adjustments to extraction processes as geological changes occur with the depletion of the fuel. As easier-to-reach fuel reservoirs are depleted internationally, reservoir engineering increasingly explores new techniques to locate viable drilling spots, and developing and modifying machinery to tap into these spots.

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Reservoir Engineer Tasks

  • Monitor and maintain reserve and decline estimates in order to maximize production for existing properties.
  • Conduct reservoir engineering studies, such as field studies for primary recovery, material balance, and decline curve analysis.
  • Draft economic evaluations for all properties and prospects.
  • Coordinate with field production department on well performance and production optimization.

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Popular Skills for Reservoir Engineer

Pay by Experience Level for Reservoir Engineer

Pay by Experience for a Reservoir Engineer has a positive trend. An entry-level Reservoir Engineer with less than 5 years of experience can expect to earn an average total compensation of $101,000 based on 85 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Reservoir Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $133,000 based on 51 salaries. An experienced Reservoir Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $156,000 based on 41 salaries. A Reservoir Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $212,000 based on 24 salaries.

Pay Difference by Location

National Average: $122,427

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

Related Job Salaries

Key Stats for Reservoir Engineer

Gender

Female
19 %
Male
81 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
4%
1-4 years
37%
5-9 years
26%
10-19 years
19%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Reservoir Engineer Salaries

▲73%

▲28%

▲9%

National Average
$122,000

▼18%

Skills That Affect Reservoir Engineer Salaries

▲14%



National Average
$122,000

Microsoft Office
▼1%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
26%
10-19 years
19%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
no benefits
None: 9%
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