A Reservoir Engineer earns an average salary of $106,991 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Experience strongly influences income for this job.
Reservoir Engineer Total Pay (?
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.
)
$81,996 - $169,382
(Median)
82K
130K
170K
MEDIAN: $106,991
10%
75%
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$70K$140K$210K
Salary
$81,996 - $169,382  
   
Bonus
$4,967 - $39,536  
Profit Sharing
$1,946 - $19,392  
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).
)
$87,862 - $201,847  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 489
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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
  • Draft economic evaluations for all properties and prospects.
  • Coordinate with field production department on well performance and production optimization.
  • 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.
Popular Skills for Reservoir Engineer
Pay by Experience Level for Reservoir Engineer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
up arrow 2%
0%
Tulsa
0%
National Average
$121,000
Dallas
up arrow 4%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Reservoir Engineer Salaries

Late-Career
up arrow 99%
National Average
$121,000

Skills That Affect Reservoir Engineer Salaries

Mergers and Acquisitions
up arrow 7%
Business Development
up arrow 6%
Reservoir Engineering
up arrow 4%
Well Production Engineering
up arrow 3%
Simulation
up arrow 2%
National Average
$121,000
Microsoft Office
up arrow 3%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 109 votes.
Gender
Female
12%
female alumni
 
Male
88%
male alumni
Years of Experience
Less than 1 year
9%
1-4 years
37%
5-9 years
28%
10-19 years
18%
20 years or more
8%
Common Health Benefits
medical benefits Medical: 97% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 2%
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