Petroleum Engineer in Denver, Colorado Salary

How much does a Petroleum Engineer make in Denver, CO? A Petroleum Engineer in Denver enjoys a hefty income, with the average salary surpassing six figures ($105,478) annually. This is 5% above the national average for a Petroleum Engineer which is $100,461 annually. Salaries for a Petroleum Engineer in Denver range from $72,000 per year to $150,000 per year. Total Annual Compensation, which includes salary, bonus, profit sharing, and overtime for a Petroleum Engineer in Denver ranges from $69,926 to $153,097 annually. Job satisfaction is reported as 3 out of 5 stars. Men make up a majority of the Petroleum Engineer workforce in Denver among those reporting — 100 percent to be exact. In Denver, a Petroleum Engineer often enjoys medical, dental, and vision benefits provided by their employer.

$72,000 - $150,000
$72K
$110K
$150K
MEDIAN: $105,478
10%
50%
90%

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$0$153K
Salary $72,000 - $150,000
Bonus $2,936 - $37,532
Profit Sharing $3,561
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).
)
$69,926 - $153,097
  • Country: United States
  • Currency: USD
  • Updated: 20 Nov 2017
  • Individuals Reporting: 29

Job Description for Petroleum Engineer

Petroleum engineers design and oversee the production and methods for retrieving oil and natural gas from various depths beneath the earth's surface. Most petroleum engineers work for oil companies. Others work at universities or research facilities.

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Petroleum Engineer Tasks

  • Devise methods to improve oil and gas well production and determine the need for new or modified tool designs.
  • Oversee drilling and offer technical advice to achieve economical and satisfactory progress.

About Denver, Colorado

Denver County, Colorado
682,545
Male:
341,137 (50.0%)
Female:
341,408 (50.0%)
Denver (/ˈdɛnvər/), officially the City and County of Denver, is the capital and most populous municipality of the U.S. state of Colorado. Denver is located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is located immediately east of the confluence of Cherry Creek with the South Platte River, approximately 12 mi (19 km) east of the foothills of the Rocky Mountains. Denver is nicknamed the Mile-High City because its official elevation is exactly one mile (5,280 ft or 1,610 m) above sea level, making it one of the highest major cities in the United States. The 105th meridian west of Greenwich, the longitudinal reference for the Mountain Time Zone, passes directly through Denver Union Station. Denver is ranked as a Beta- world city by the Globalization and World Cities Research Network. With a 2015 estimated...
Denver:
$58,003
Colorado:
$63,909
$1,094
Denver:
$316,700
Colorado:
$283,800
3.2%

Petroleum Engineer Job Listings

Pay by Experience Level for Petroleum Engineer

Pay by Experience for a Petroleum Engineer has a positive trend. An entry-level Petroleum Engineer with less than 5 years of experience can expect to earn an average total compensation of $123,000 based on 27 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Petroleum Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $129,000 based on 13 salaries. An experienced Petroleum Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $146,000 based on 6 salaries. A Petroleum Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $179,000 based on 5 salaries.

Key Stats for Petroleum Engineer

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 5 votes.
Less than 1 year
3%
1-4 years
50%
5-9 years
27%
10-19 years
13%
20 years or more
7%

Experience Affects Petroleum Engineer Salaries

Late-Career
▲45%

Experienced
▲18%

Mid-Career
▲5%

▼0%

National Average
$123,000

Skills That Affect Petroleum Engineer Salaries

Reservoir Engineering
▲5%

Simulation
▲5%

Oil and Gas Formation Evaluation
▲4%

Project Management
▲1%

Well Production Engineering
▼0%

National Average
$123,000

Engineering Design
▼3%

Microsoft Excel
▼17%

Drilling Engineering
▼28%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 5 votes.

Years of Experience

Less than 1 year
3%
1-4 years
50%
5-9 years
27%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 83%
vision benefits
Vision: 78%
no benefits
None: 4%