Petroleum Engineer with Reservoir Engineering Skills Salary

Petroleum Engineers with Reservoir Engineering skills see excellent average salaries — about $101K annually. Including potential bonuses and profit sharing proceeds (more than $40K for each in exceptional cases) overall income bottoms out near $62K and hits $243K on the high end. Compensation for this group is mainly affected by experience level, but the particular city and the specific company are influential factors as well. For the most part, people in this position report moderate levels of job satisfaction. Medical benefits are awarded to a large number, and the greater part earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$63,346 - $189,046
$63K
$99K
$190K
MEDIAN: $99,441
10%
50%
90%

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$17.11 - $70.96
$17
$53
$71
MEDIAN: $52.82
10%
50%
90%

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$0$221K
Salary $63,346 - $189,046
Bonus $195.74 - $38,825
Profit Sharing $232.43 - $39,902
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).
)
$65,622 - $221,333
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 159
Hourly Data $0$87
Hourly Rate $17.11 - $70.96
Overtime $87.43
Annual Data $0$221K
Bonus $195.74 - $38,825
Profit Sharing $232.43 - $39,902
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).
)
$65,622 - $221,333
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 10

Petroleum Engineer Job Listings

Popular Employer Salaries for Petroleum Engineer


While select British Petroleum (BP) employees may bring in up to $163K, a median salary of only $105K — the lowest in the field — suggests a serious lag in the earnings department.

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 $100,000 based on 92 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 $121,000 based on 30 salaries. An experienced Petroleum Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $161,000 based on 28 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 $195,000 based on 20 salaries.

Pay Difference by Location

National Average: $108,231

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

Home to some of the best pay for Petroleum Engineers with Reservoir Engineering skills, Bakersfield offers exceptional salaries, 29 percent above the national average. Petroleum Engineers with Reservoir Engineering skills will also find cushy salaries in Denver (+17 percent) and Houston (+13 percent). Falling short of the national average by 17 percent, the area with the worst salaries is Tulsa. Two other places where employers offer below-median salaries are Dallas (9 percent less) and Oklahoma City (3 percent less).

Key Stats for Petroleum Engineer

Gender

Female
13 %
Male
87 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
Less than 1 year
17%
1-4 years
43%
5-9 years
17%
10-19 years
14%
20 years or more
9%

Experience Affects Petroleum Engineer Salaries

▲80%

Experienced
▲49%

Mid-Career
▲11%

National Average
$108,000

▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
13 %
Male
87 %

Years of Experience

Less than 1 year
17%
1-4 years
43%
5-9 years
17%
10-19 years
14%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 73%
vision benefits
Vision: 64%
no benefits
None: 9%