Reservoir Engineer Salary

A Reservoir Engineer earns an average salary of $109,399 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.
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$79,386 - $179,732
(Median)
$79K
$110K
$180K
MEDIAN: $109,398
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$80K$160K$240K
Salary
$79,386 - $179,732  
   
Bonus
$2,990 - $39,962  
Profit Sharing
$2,443 - $29,087  
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).
)
$82,407 - $217,285  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 500
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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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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: $121,918

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

Business Development
up arrow 6%

Mergers and Acquisitions
up arrow 5%

Strategic Planning
up arrow 3%

Simulation
up arrow 2%

Well Production Engineering
up arrow 2%

Reservoir Engineering
up arrow 1%

National Average
$122,000

Microsoft Office
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
9%
1-4 years
37%
5-9 years
26%
10-19 years
17%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 85%
medical benefits
Vision: 74%
dental benefits
None: 3%
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