🇺🇸 United States · Petroleum Engineer

From $155,400 / yr by industry

Mean salary — $155,400 / yr.

$155,400 / yr
🟢 Tier 1 — BLS OEWS May 2024 annual gross (mean) updated: 2024

💰 Pay spread — by industry / specialty

The mean is the headline; the spread is what matters.

175,000 $
Reservoir Engineer
Subsurface modeling
🟢 Tier 1 — BLS OEWS May 2024
165,000 $
Drilling Engineer
Well design + execution
🟢 Tier 1 — BLS OEWS May 2024
150,000 $
Production Engineer
Optimize flow + uptime
🟢 Tier 1 — BLS OEWS May 2024
155,000 $
Completions Engineer
Frac / well stimulation
🟢 Tier 1 — BLS OEWS May 2024

🗺️ The path — stage by stage

  1. 1. Bachelor (Petroleum / Mech / Chem Eng) (4 yr) — ABET-accredited
  2. 2. FE exam (0 yr) — Pass before grad
  3. 3. Engineer (4 yr) — Field rotations common
  4. 4. PE license (— yr) — Required for senior signoff
  5. 5. Senior / Lead (— yr) — Operations + capital decisions

📝 Licensing exam

PE (Professional Engineer)

FE → 4 yr experience → PE exam. Optional but career-advancing.

🏛️ Top schools

School Location Notable
U Texas Austin (Hildebrand) Austin, TX Top petroleum program
Texas A&M Petroleum College Station, TX Strong industry pipeline
Stanford Energy Stanford, CA Reservoir + energy track
Colorado School of Mines Golden, CO Multidisciplinary energy
U Tulsa Petroleum Tulsa, OK Industry-aligned

🟠 Tier 3 — context only

💵 Specialties — same title, different number

Specialty / Industry Mean / yr Notes
Reservoir Engineer 175,000 $ Subsurface modeling
Drilling Engineer 165,000 $ Well design + execution
Production Engineer 150,000 $ Optimize flow + uptime
Completions Engineer 155,000 $ Frac / well stimulation
Energy Transition Engineer 145,000 $ Carbon capture / geothermal

🏢 Employer types — base vs total comp

Major Oil & Gas

Base + bonus + LTI; cyclical

Independent / Mid-cap

Higher cash, lower LTI

Service Company

Field bonus + per-diem

📈 Income across years

Engineer (entry)
95,000 $
0~3 yr
Senior Engineer
145,000 $
3~8 yr
Lead / PE
180,000 $
8~15 yr
Engineering Manager
220,000 $
15+ yr

🌍 Same job, other countries

PPP-adjusted comparison across 6 countries — the ARBITORIA difference.