How much does a Reservoir Engineer V make in the United States? The average Reservoir Engineer V salary in the United States is $237,439 as of November 29, 2021, but the range typically falls between $224,876 and $253,073. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $224,876 10% $213,438 90% $267,307 75% $253,073 $237,439 50%(Median)
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Job Description for Reservoir Engineer V

Reservoir Engineer V 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 V requires a bachelor's degree in engineering. Typically reports to a manager or head of a unit/department. The Reservoir Engineer V works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. To be a Reservoir Engineer V typically requires 10+ years of related experience. (Copyright 2021 Salary.com)... View full job description

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Career Path for Reservoir Engineer V

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Dean Tinsley, Senior Vice President, Operations
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
Fiscal Year Ended in 2020
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
224876
253073
237439

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
275336
321852
301029
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Reservoir Engineer V in the United States. The base salary for Reservoir Engineer V ranges from $224,876 to $253,073 with the average base salary of $237,439. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $275,336 to $321,852 with the average total cash compensation of $301,029.
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224876
253073

 

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Skills associated with Reservoir Engineer V: Well and Drilling Design, Predictive Analytics and Modeling, Oil and Gas Exploration

Salary estimation for Reservoir Engineer V at companies like : BONANZA CREEK ENERGY INC, KINDER MORGAN INC, KOSMOS ENERGY LTD