Reservoir Engineer Salary

The average salary for a Reservoir Engineer is $113,709 per year. Skills that are associated with high pay for this job are Simulation and Business Development. Experience has a moderate effect on income for this job.
Read More
$74,912 - $196,622
$75K
$110K
$200K
MEDIAN: $113,709
10%
50%
90%

Add this chart to your site: 640px    300px

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
$74,912 - $196,622  
   
Bonus
$2,534 - $36,065  
Profit Sharing
$500 - $55,000  
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).
)
$77,217 - $216,690  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 171

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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.

Reservoir Engineer Job Listings

Search for more jobs:

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: $122,179

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

Related Job Salaries

Key Stats for Reservoir Engineer

Gender

Female
21 %
Male
79 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
5%
1-4 years
37%
5-9 years
23%
10-19 years
18%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Reservoir Engineer Salaries

▲74%

▲28%

▲9%

National Average
$122,000

▼18%

Skills That Affect Reservoir Engineer Salaries

▲22%



Microsoft Office
▼0%

National Average
$122,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
5%
1-4 years
37%
5-9 years
23%
10-19 years
18%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 76%
vision benefits
Vision: 63%
dental benefits
None: 9%
ADVERTISEMENT