How much does a Reservoir Engineer I make in Chicago, IL? The average Reservoir Engineer I salary in Chicago, IL is $126,067 as of December 27, 2021, but the range typically falls between $119,980 and $132,851. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Reservoir Engineer I is responsible for identifying oil and gas reserves and developing strategies to maximize recovery. Designs and tests new wells and monitors and predicts performance. Being a Reservoir Engineer I requires a bachelor's degree in engineering. Typically reports to a supervisor or manager. The Reservoir Engineer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Reservoir Engineer I typically requires 0-2 years of related experience. (Copyright 2022 Salary.com)... View full job description
Bonanza Creek Energy, Inc., an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of... More
BONANZA CREEK ENERGY INC
Fiscal Year Ended in 2020
What does a Reservoir Engineer I do?
Reservoir Engineer I in Portland, ME
There are several other roles which a reservoir engineer plays and thus serves as one of the major pillars of the Petroleum Industry.
December 24, 2019
Reservoir Engineer I in Appleton, WI
The working tools of the reservoir engineer are subsurface geology, applied mathematics, and the basic laws of physics and chemistry governing the behavior of liquid and vapor phases of crude oil, natural gas, and water in reservoir rock.
February 21, 2020
Reservoir Engineer I in Kennewick, WA
The incumbent will not only be an expert reservoir engineer but also have high emotional intelligence and the ability to quickly form high quality working relationships in a variety of different cultural settings.
Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Reservoir Engineer I in Chicago, IL. The base salary for Reservoir Engineer I ranges from $119,980 to $132,851 with the average base salary of $126,067. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $130,765 to $156,189 with the average total cash compensation of $142,228.