Expand mobile version menu
  Skip to main content

Petroleum Engineer

salary graphic

AVG. SALARY

$148,310

education graphic

EDUCATION

Bachelor's degree

job outlook graphic

JOB OUTLOOK

Stable

Money & Outlook

:

Go

Oklahoma Earnings

Average Annual Wage

$148,310

Entry Annual Wage

$87,090

Experienced Annual Wage

$218,140

Average Hourly Wage

$71.30

Entry Hourly Wage

$41.87

Experienced Hourly Wage

$104.88

Median Hourly Wage

$63.64

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Oklahoma City MSA $161,830 or $77.80/hr $83,820 or $40.30/hr $239,200 or $115.00/hr
Tulsa MSA $143,310 or $68.90/hr $92,880 or $44.66/hr $212,000 or $101.93/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Northeast Oklahoma nonmetropolitan area $149,250 or $71.75/hr $104,330 or $50.16/hr $177,190 or $85.19/hr
Northwest Oklahoma nonmetropolitan area $118,470 or $56.96/hr $99,660 or $47.92/hr $150,800 or $72.50/hr
Southwest Oklahoma nonmetropolitan area $154,400 or $74.23/hr $101,960 or $49.02/hr $170,000 or $81.73/hr
Southeast Oklahoma nonmetropolitan area $136,550 or $65.65/hr $81,340 or $39.10/hr $202,860 or $97.53/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 10%
Job Openings 98 estimated annual job openings
Employment 1,452 were employed in this occupation

Oklahoma's Regional Employment and Outlook

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

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Northeast 70 14% 1 N/A 6
Northwest 50 20% 1 N/A 4
Southeast 130 15% 2 N/A 11
Tulsa MSA 520 13% 7 N/A 43
Oklahoma City MSA 880 20% 18 N/A 80

National Earnings

Average Annual Wage

$148,590

Average Hourly Wage

$71.44

Average Annual Range

$77,340 to $225,920

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 2022 to 2032 is estimated to be +3%.
(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 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 21,400 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth 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) (44.9%)
  • Oil and gas extraction (NAICS211000) (28.8%)
  • Professional, scientific, and technical services (NAICS540000) (16.8%)
  • Support Activities for Mining (NAICS213000) (16.1%)
  • Management of companies and enterprises (NAICS550000) (16%)
  • Management of companies and enterprises (NAICS551000) (16%)
  • Architectural, engineering, and related services (NAICS541300) (13.1%)
  • Engineering services (NAICS541330) (12.5%)
  • Manufacturing (NAICS31-330) (9%)
  • Petroleum and coal products manufacturing (NAICS324000) (6.6%)

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


Powered by XAP

OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.