The average salary for a Reservoir Engineer is $116,961.
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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 ar…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.
Job Satisfaction for Reservoir Engineer
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 $162,135. Other companies that offer high salaries for this role include ExxonMobil Corporation, earning around $134,307. Shell Oil Company pays the lowest at around $121,333. Chevron Corporation also pays on the lower end of the scale, paying $130,487.
Reservoir Engineer Job Listings
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Popular Skills for Reservoir Engineer
Well Production Engineering
Skills in Reservoir Engineering, Simulation and Business Development are correlated to pay that is above average. Skills that pay less than market rate include 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 $94,803 based on 16 salaries. An early career Reservoir Engineer with 1-4 years of experience earns an average total compensation of $102,527 based on 102 salaries. A mid-career Reservoir Engineer with 5-9 years of experience earns an average total compensation of $121,887 based on 99 salaries. An experienced Reservoir Engineer with 10-19 years of experience earns an average total compensation of $150,409 based on 63 salaries. In their late career (20 years and higher), employees earn an average total compensation of $186,999.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Reservoir Engineer in their job title in Houston, Texas earn an average of 5.1% more than the national average. These job titles also find higher than average salaries in Bakersfield, California (2.6% more) and Midland, Texas (0.5% more). The lowest salaries can be found in Denver, Colorado (20.6% less), Oklahoma City, Oklahoma (14.5% less) and Austin, Texas (12.6% less).
Years of Experience
This data is based on 316 survey responses.
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