Average pay for a Reservoir Engineer in the United States is considerable, rounding six figures at $114K per year. Total cash earnings of Reservoir Engineers range from $77K on the low end to $217K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $36K and $55K, respectively. Earnings for this group are mostly affected by career duration, followed by the company and geographic location. The majority of workers are highly satisfied with their job. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Male Reservoir Engineers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. The information for this snapshot was generated by responses to the PayScale salary survey.
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$74,912 - $196,622
$75K
$110K
$200K
MEDIAN: $113,709
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
$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

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United States (change)

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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.

Reservoir Engineer Job Listings

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Popular Employer Salaries for Reservoir Engineer


Known for taking on a considerable number of Reservoir Engineers, British Petroleum (BP), Chevron Corporation, Occidental Petroleum Corporation, Schlumberger, and ExxonMobil Corporation are leading firms in the industry. BP Amoco leads the field in terms of pay, with a median salary of $194K. Other employers shelling out big bucks include Occidental Petroleum Corporation, Shell Oil Company, and Chevron Corporation, where Reservoir Engineers typically earn around $149K, $144K, or $143K, respectively.

British Petroleum (BP), ExxonMobil Corporation, and Chevron Corporation also scrape the bottom of the pay scale, with median earnings hovering around $122K, $136K, and $143K.

Popular Skills for Reservoir Engineer


Survey results imply that Reservoir Engineers put a diverse skill set to use. Most notably, facility with Simulation and Business Development are correlated to pay that is significantly above average, leading to increases of 22 percent and 17 percent, respectively. At the other end of the pay range are skills like Strategic Planning and Well Production Engineering. Most people experienced in Reservoir Engineering also know Well Production Engineering.

Pay by Experience Level for Reservoir Engineer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Reservoir Engineers with a lot of experience tend to enjoy higher earnings. The relatively untested earn a median of $100K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $133K. Reservoir Engineers with one to two decades of relevant experience report an average salary of approximately $157K. Seasoned veterans with 20 years under their belts enjoy a median income of $213K.

Pay Difference by Location

National Average: $122,179

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

Reservoir Engineers will find that Houston offers an impressive pay rate, one which exceeds the national average by 14 percent. Reservoir Engineers will also find cushy salaries in Bakersfield (+5 percent) and Dallas (+1 percent). Reservoir Engineers may wish to avoid the below-average compensation found in smaller cities — Salt Lake City, Oklahoma City, and Denver are known as the cities with the worst salaries for Reservoir Engineers, and each location is home to fewer than a million residents. Employers pay around 12 percent less in Oklahoma City and 8 percent less in Denver, below-median salaries for those in this field.

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




National Average
$122,000


Skills That Affect Reservoir Engineer Salaries

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%
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