Petroleum Engineers devise methods to improve oil and gas extraction and production and determine the need for new or modified tool designs. Oversee drilling and offer technical advice.
- Assess costs and estimate the production capabilities and economic value of oil and gas wells, to evaluate the economic viability of potential drilling sites.
- Develop plans for oil and gas field drilling, and for product recovery and treatment.
- Direct and monitor the completion and evaluation of wells, well testing, or well surveys.
- Analyze data to recommend placement of wells and supplementary processes to enhance production.
Petroleum Engineers with little to no experience tend to make between $74270 and $103610 while the more experienced ones can earn over $191780 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Petroleum Engineer is to move to a higher paying state like IN. Right now, the highest paying states for Petroleum Engineers are IN, NJ, TX, AK and CO.
However, a higher pay at IN doesn’t guarantee that you will make more because the living expenses at IN might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Petroleum Engineer is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Petroleum Engineers what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
|Geotechnical and Geoenvironmental Engineering|
Pros and Cons
Here are some of the pros and cons of being a Petroleum Engineer.
|Suitable for people who likes to solve problems mentally|
|Suitable for people who wants job security and a good working condition|
|This career is perfect for people who love to work indoors.|
|One of the highest paid careers in the world|
|Not suitable for people who likes to help and teach others|
|It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
What is the job like
80% of Petroleum Engineers said they were satisfied with their job and 66% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..
They also like work activities that include practical, hands-on problems and solutions. They like working with plants, animals, and real-world materials like wood, tools, and machinery.
Related career information
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Automation Engineer, Chief Engineer, Completion Engineer, Completions Engineer, Design Engineer, Drilling Engineer, Drilling Manager, Engineer, Engineering Consultant, Exploration Engineer