The average salary for a Reservoir Engineer is $113,331 per year. Skills that are associated with high pay for this job are Simulation and Business Development. Experience strongly influences income for this job.
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$75,211 - $200,836
(Median)
$75K
$110K
$200K
MEDIAN: $113,331
10%
50%
90%

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$96.77 - $148.74
(Median)
$
$100
$
MEDIAN: $101.00
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
$75,211 - $200,836  
   
Bonus
$1,987 - $45,302  
Profit Sharing
$970 - $59,800  
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).
)
$77,667 - $231,307  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 174
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
$101.13  
   
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
$1,987 - $45,302  
   
Profit Sharing
$970 - $59,800  
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).
)
$77,667 - $231,307  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 6
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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.

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Popular Employer Salaries for Reservoir Engineer

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

National Average: $122,364

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

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Experience Affects Reservoir Engineer Salaries




National Average
$122,000


Skills That Affect Reservoir Engineer Salaries



Reservoir Engineering
up arrow 2%

National Average
$122,000

Well Production Engineering
up arrow 3%

Microsoft Office
up arrow 3%

Mergers and Acquisitions
up arrow 3%

Strategic Planning
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
6%
1-4 years
34%
5-9 years
23%
10-19 years
18%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 77%
medical benefits
Vision: 63%
dental benefits
None: 9%
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