Petroleum Engineer

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AVG. SALARY

$155,900

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Money & Outlook

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Oklahoma Earnings

Average Annual Wage

$155,900

Entry Annual Wage

$86,990

Experienced Annual Wage

$221,320

Average Hourly Wage

$74.95

Entry Hourly Wage

$41.82

Experienced Hourly Wage

$106.41

Median Hourly Wage

$73.57

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Oklahoma City MSA $177,150 or $85.17/hr $104,680 or $50.33/hr $273,980 or $131.72/hr
Tulsa MSA $139,140 or $66.89/hr $93,340 or $44.88/hr $179,200 or $86.16/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Northeast Oklahoma nonmetropolitan area N/A N/A N/A
Northwest Oklahoma nonmetropolitan area $126,680 or $60.91/hr $60,430 or $29.05/hr $212,220 or $102.03/hr
Southwest Oklahoma nonmetropolitan area N/A N/A N/A
Southeast Oklahoma nonmetropolitan area $130,270 or $62.63/hr $79,030 or $37.99/hr $176,310 or $84.76/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 2%
Job Openings 80 estimated annual job openings
Employment 1,240 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with increasing outlook (over 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Southwest 80 50% 4 N/A 9
Oklahoma City MSA 510 45% 23 N/A 56

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Northwest 210 19% 4 N/A 16
Southeast 70 0% N/A 4
Tulsa MSA 320 3% 1 N/A 18

National Earnings

Average Annual Wage

$157,150

Average Hourly Wage

$75.55

Average Annual Range

$81,440 to $253,200

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2024 to 2034 is estimated to be +1%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment very small occupation
  This was a very small occupation in the United States, employing 19,600 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth Slower than average growth
  The need for petroleum engineers to help facilitate oil and gas extraction at existing operations is expected to create some demand for these workers. However, increased use of renewable energy and weaker investments in fossil fuel production may limit job growth over the projections decade. 
Industries Large concentrations of this occupation are found in these industries
  • Mining, Quarrying, and Oil and Gas Extraction (NAICS210000) (57%)
  • Oil and gas extraction (NAICS211000) (32.1%)
  • Support Activities for Mining (NAICS213000) (24.9%)
  • Management of companies and enterprises (NAICS551000) (10.5%)
  • Manufacturing (NAICS31-330) (9%)
  • Professional, scientific, and technical services (NAICS540000) (8.9%)
  • Petroleum and coal products manufacturing (NAICS324000) (7.3%)
  • Transportation and warehousing (NAICS48-490) (6.5%)
  • Pipeline transportation (NAICS486000) (6.5%)