As of January 01, 2026, the average salary for a Drilling Engineer III in Farmington, NM is $157,328 per year, which breaks down to an hourly rate of $76.
However, a Drilling Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
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A Drilling Engineer III'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, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Drilling Engineer III'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 |
|---|---|---|
| Drilling Engineer I | 0-2 years | $107,952 |
| Drilling Engineer II | 2-4 years | $126,975 |
| Drilling Engineer III | 4-7 years | $157,328 |
| Drilling Engineer IV | 7+ years | $175,277 |
| Drilling Engineer V | 7-10 years | $209,402 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 8.74% |
| FOCUS | 2.91% |
| Safety Management | 2.91% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Building Maintenance
|
$182,501 |
16%
|
|
Negotiating
|
$176,208 |
12%
|
|
Insight
|
$168,341 |
7%
|
|
Troubleshooting
|
$168,341 |
7%
|
|
Process Improvement
|
$166,768 |
6%
|
|
Products and Services
|
$166,768 |
6%
|
Understanding how a Drilling Engineer III'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 January 01, 2026Promotions are the fastest way to increase your earnings. As a Drilling Engineer III, 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 |
|---|---|---|
| Drilling Engineer IV | $175,277 | 11% |
| Reservoir Engineer IV | $213,181 | 36% |
| Mine Engineer IV | $119,954 | -24% |
Ready to take the next step in your career? Browse thousands of current Drilling Engineer III job openings on our job board. Use the search bar below to find your perfect match.
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