Average Reservoir Engineer Salary

$114,799
Avg. SalaryShow Hourly Rate
$14,448
Bonus
$6,082
Profit Sharing
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The average salary for a Reservoir Engineer is $114,799.
10%
$75k
10%
$115k
50%
$177k
90%
90%
MEDIAN $114,799
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United States (change)
Salary
$75k - $177k
Bonus
$5k - $31k
Profit Sharing
$964 - $26k
Total Pay
$77k - $199k

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Job Description for Reservoir Engineer

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.

Popular Employer Salaries for Reservoir Engineer

The top respondents for the job title Reservoir Engineer are from the companies ExxonMobil Corporation, Chevron Corporation and Shell Oil Company. Reported salaries are highest at Occidental Petroleum Corporation where the average pay is $165,000. Other companies that offer high salaries for this role include ExxonMobil Corporation, earning around $131,451. Shell Oil Company pays the lowest at around $123,500. Chevron Corporation also pays on the lower end of the scale, paying $127,970.

Reservoir Engineer Job Listings

Popular Skills for Reservoir Engineer

Skills in Reservoir Engineering and Simulation are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office, Strategic Planning and Well Production Engineering.

Pay by Experience Level for Reservoir Engineer

An entry-level Reservoir Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $92,889 based on 40 salaries. An early career Reservoir Engineer with 1-4 years of experience earns an average total compensation of $99,653 based on 117 salaries. A mid-career Reservoir Engineer with 5-9 years of experience earns an average total compensation of $120,498 based on 101 salaries. An experienced Reservoir Engineer with 10-19 years of experience earns an average total compensation of $149,571 based on 62 salaries. In their late career (20 years and higher), employees earn an average total compensation of $192,289.
Employees with Reservoir Engineer in their job title in Houston, Texas earn an average of 6.8% more than the national average. These job titles also find higher than average salaries in Bakersfield, California (4.5% more) and Midland, Texas (1.3% more). The lowest salaries can be found in Denver, Colorado (20.5% less), Oklahoma City, Oklahoma (20.4% less) and Austin, Texas (10.9% less).

Years of Experience

This data is based on 350 survey responses.
Entry Level
11.4%
Early Career
33.4%
Mid Career
28.9%
Experienced
17.7%
Late Career
8.6%