As of March 01, 2026, the average salary for a Reservoir Extraction Engineer I in the United States is $140,260 per year, which breaks down to an hourly rate of $67.
However, a Reservoir Extraction Engineer I's salary can vary significantly. Here’s a look at the typical salary range:
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A Reservoir Extraction Engineer I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Reservoir Extraction Engineer I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Reservoir Extraction Engineer I | 0-2 years | $140,256 |
| Intermediate Reservoir Engineer | 2-4 years | $162,880 |
| Senior Reservoir Engineer | 4-7 years | $181,823 |
| Specialist Reservoir Engineer | 7+ years | $229,970 |
| Expert Reservoir Engineer | 7-10 years | $264,606 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Reservoir Extraction Engineer Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Communication Skills | 9.09% |
| MATLAB | 9.09% |
| Programming Language | 9.09% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Python
|
$185,143 |
32%
|
|
MATLAB
|
$180,935 |
29%
|
|
Programming Language
|
$173,922 |
24%
|
|
Reservoir Engineering
|
$171,117 |
22%
|
|
Presentation
|
$158,494 |
13%
|
Your level of education can impact your salary potential. While many Reservoir Extraction Engineer Is enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Reservoir Extraction Engineer I with a Bachelor's Degree is between $117,726 and $123,821).
Reservoir Extraction Engineer I Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 48.3% |
| High School | 37.9% |
| Associates | 13.8% |
| Bachelors | 48.3% |
| Masters | 37.9% |
| Doctorate | 13.8% |
Understanding how a Reservoir Extraction Engineer I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Promotions are the fastest way to increase your earnings. As a Reservoir Extraction Engineer I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Oil & Gas Drilling Engineer II | $137,000 | -2% |
| Intermediate Reservoir Engineer | $162,900 | 16% |
| Mine Planning Engineer II | $94,700 | -32% |
Salaries for a Reservoir Extraction Engineer I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $93,889 in 2023 to around $87,929 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Reservoir Extraction Engineer I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $93,889 |
| 2024 | $90,592 |
| 2025 | $87,929 |
| 2026 |
View More
|
| 2027 |
View More
|
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A reservoir engineer, also known as an oil and gas reservoir engineer, is a professional who specializes in the study and management of petroleum and natural gas reservoirs. The salary for this role typically ranges from $113,270 to $136,680, with a median salary of approximately $124,150.
To become a reservoir engineer, you typically need a bachelor's degree in geology, engineering, petroleum engineering, or a related field, along with at least two years of experience in the oil and gas industry, ideally with hands-on training in reservoir engineering. Salaries for reservoir extraction engineers range from $113,270 to $136,680, with a median salary of $124,150.
A good salary for a Reservoir Extraction Engineer in the USA ranges from a minimum of $113,270 to a maximum of $136,680, with a median salary of $124,150. This reflects the competitive nature of the engineering field, where salaries can vary based on experience and location.
ConocoPhillips offers competitive salaries for Reservoir Extraction Engineers, with a minimum salary of $113,270, a mid-range salary of $124,150, and a maximum salary of $136,680. This reflects the company's commitment to providing attractive compensation compared to other roles within the organization, ensuring that employees are well-rewarded for their expertise and contributions.
Did you know that 40% of the world's billionaires are engineers? Engineers play a pivotal role in shaping our world and its development, serving as stewards who provide direction for nations. For instance, a Reservoir Extraction Engineer can earn between $113,270 and $136,680, reflecting the significant value of engineering expertise in today's economy.
A Reservoir Extraction Engineer typically earns between $113,270 and $136,680 annually, with a median salary of $124,150. While the average base salary at Occidental Petroleum is reported to be around $161K per year, this figure may vary based on experience and specific job responsibilities.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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