As of September 01, 2026, the average salary for a Reservoir Extraction Engineer VI in the United States is $293,000 per year, which breaks down to an hourly rate of $141.
However, a Reservoir Extraction Engineer VI's salary can vary significantly. Here’s a look at the typical salary range:
Reservoir Extraction Engineer VI Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $304,240 | $25,353 | $5,851 | $146 |
| Average | $293,000 | $24,417 | $5,635 | $141 |
| 25th Percentile | $277,640 | $23,137 | $5,339 | $133 |
A Reservoir Extraction Engineer VI'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 and company size can directly affect your earning potential.
Experience is a primary driver of a Reservoir Extraction Engineer VI'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 |
|---|---|---|
| Specialist Reservoir Engineer | 7+ years | $230,401 |
| Expert Reservoir Engineer | 7-10 years | $265,031 |
| Reservoir Extraction Engineer VI | 10-12 years | $292,994 |
| Reservoir Engineering Team Leader | 12+ years | $239,348 |
| Reservoir Engineering Vice President | 12+ years | $339,367 |
Reservoir Extraction Engineer VI salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $340,425. While startup companies pay approximate $288,337.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $288,337 |
| Growth Stage | 51~500 | $304,826 |
| Established | 501~5000 | $328,869 |
| Enterprise | 5000+ | $340,425 |
Understanding how a Reservoir Extraction Engineer VI'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $304,240 | $25,353 | $5,851 | $146 |
| Average | $293,000 | $24,417 | $5,635 | $141 |
| 25th Percentile | $277,640 | $23,137 | $5,339 | $133 |
Promotions are the fastest way to increase your earnings. As a Reservoir Extraction Engineer VI, 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 Engineering Manager | $181,800 | -38% |
| Reservoir Engineering Team Leader | $239,400 | -18% |
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A senior Reservoir Engineer is responsible for enhancing reservoir models, generating forecasts, and creating reservoir management plans. They focus on developing innovative ideas to support asset growth. The salary for this position typically ranges from $271,530 to $331,030, with a mid-point of $297,580, reflecting the expertise and impact of the role.
The estimated total pay range for a Reservoir Engineer at ConocoPhillips is between $271,530 and $331,030 per year, reflecting the base salary and potential additional compensation. This range indicates the competitive compensation for professionals in this role.
The salary for a Reservoir Extraction Engineer ranges from $271,530 to $331,030, with a mid-point salary of $297,580. This reflects a higher earning potential compared to the average Drilling Engineer salary of approximately $171,931 in the U.S., indicating that Reservoir Extraction Engineers typically earn more in this field.
The highest salary for a Reservoir Extraction Engineer is $331,030. The salary range for this position typically starts at a minimum of $271,530, with a mid-level salary of $297,580. This reflects the competitive nature of the field and the expertise required for the role.
The estimated total pay range for a Grade 15 Reservoir Extraction Engineer is $271,530 to $331,030 per year, which includes base salary and additional compensation. The average base salary for this position is approximately $297,580 per year.
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 $271,530 to $331,030, with a median salary of $297,580.
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