Annual Salary, Salary Range, and Highest Paying States and Industries
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Petroleum Engineers
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.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
Entry-level Petroleum Engineers with little to no experience can expect to make anywhere between $78,620 to $108,130 per year or $38 to $52 per hour. Similar to any other job, their salary will increase as they gain experience.
Salary rank
We wanted to make it easy for our readers to compare the salary of Petroleum Engineers to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
| Level | Hourly | Annual |
|---|---|---|
| Highest (Top 10%) | $100+ | $208,000+ |
| Senior (Top 25%) | $91 | $189,030 |
| Middle (Mid 50%) | $66 | $137,330 |
| Junior (Bottom 25%) | $52 | $108,130 |
| No experience (Bottom 10%) | $38 | $78,620 |
Highest paying states
| State | Hourly | Annual |
|---|---|---|
| NJ | $89 | $184,560 |
| TX | $82 | $169,760 |
| FL | $77 | $160,710 |
| CO | $77 | $160,150 |
| OK | $75 | $156,390 |
| AK | $72 | $150,390 |
| CA | $68 | $140,680 |
| IL | $67 | $139,550 |
| OH | $66 | $136,700 |
| WA | $65 | $134,870 |
Another simple way to increase your salary as a Petroleum Engineer is to move to a higher paying state. However moving to a higher paying state like NJ doesn’t guarantee that you will make more because the expenses at NJ might be much higher than where you are currently living at right now.
According to BLS, the highest paid Petroleum Engineers are in the states of NJ, TX, FL, CO and OK.
Highest paying industries
| Salary by industry | Annual | Hourly |
|---|---|---|
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities | $205330 | $98.72 |
| Employment Services | $205320 | $98.71 |
| Credit Intermediation and Related Activities | $204540 | $98.34 |
| Scientific Research and Development Services | $189050 | $90.89 |
| Management of Companies and Enterprises | $180570 | $86.81 |
| Architectural, Engineering, and Related Services | $174710 | $84.00 |
| Computer Systems Design and Related Services | $163100 | $78.41 |
| Machinery Manufacturing | $161960 | $77.87 |
| Oil and Gas Extraction | $154470 | $74.27 |
| Petroleum and Coal Products Manufacturing | $140730 | $67.66 |
| Management, Scientific, and Technical Consulting Services | $139960 | $67.29 |
| Chemical Manufacturing | $139340 | $66.99 |
| Pipeline Transportation of Crude Oil | $138950 | $66.80 |
| State Government | $133570 | $64.22 |
| Pipeline Transportation of Natural Gas | $126070 | $60.61 |
| Natural Gas Distribution | $123380 | $59.32 |
| Support Activities for Mining | $116710 | $56.11 |
| Other Pipeline Transportation | $114490 | $55.04 |
| Federal Executive Branch | $113590 | $54.61 |
| Other Professional, Scientific, and Technical Services | $99200 | $47.69 |
| Local Government | $95470 | $45.90 |
| Merchant Wholesalers, Nondurable Goods | $79080 | $38.02 |
| Colleges, Universities, and Professional Schools | $72700 | $34.95 |
| Office Administrative Services | $ | $* |
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