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Reservoir Engineer V Salary in Simpson, IL

How much does a Reservoir Engineer V make in Simpson, IL?

As of September 01, 2026, the average salary for a Reservoir Engineer V in Simpson, IL is $248,583 per year, which breaks down to an hourly rate of $120.

However, a Reservoir Engineer V's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $271,061
  • Majority Range (25th-75th percentile): $242,250 to $260,349
  • Entry-Level (10th percentile): $236,484
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Reservoir Engineer V Salaries

A Reservoir Engineer V'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.

How Experience Level Affects Reservoir Engineer V Salaries?

Experience is a primary driver of a Reservoir Engineer V'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:

  • Reservoir Engineer III (4-7 years): $170,878
  • Reservoir Engineer IV (7+ years): $216,102
  • Reservoir Engineer V (7-10 years): $248,583
  • Reservoir Engineer VI (10-12 years): $274,811
  • Reservoir Engineering Manager (12+ years): $224,494
Job Role Years of Experience Average Salary
Reservoir Engineer III4-7 years$170,878
Reservoir Engineer IV7+ years$216,102
Reservoir Engineer V7-10 years$248,583
Reservoir Engineer VI10-12 years$274,811
Reservoir Engineering Manager12+ years$224,494
View as Graph

Top Paying Cities for Reservoir Engineer V

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $334,284
  • San Francisco: $330,624
  • Oakland: $323,656

What Skills Can Increase a Reservoir Engineer V's Salary?

Demanded Skills for the Role:

  • Communication Skills (Mentioned in 9.09% Job Postings): Communication skills are your ability to share or understand information, ideas, and feelings successfully.
  • MATLAB (Mentioned in 9.09% Job Postings): a programming platform designed specifically for engineers and scientists to analyze and design systems and products that transform our world.
  • Programming Language (Mentioned in 9.09% Job Postings): Is any set of rules that converts strings, or graphical program elements in the case of visual programming languages, to various kinds of machine code output. It is a kind of computer language used in computer programming to implement algorithms.
Skills Demand Percentage
Communication Skills 9.09%
MATLAB 9.09%
Programming Language 9.09%
See More Skills

Reservoir Engineer V Salary by Company Size: Startups vs. Enterprise

Reservoir Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $288,819. While startup companies pay approximate $244,627.

Reservoir Engineer V Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $244,627
Growth Stage 51~500 $258,617
Established 501~5000 $279,015
Enterprise 5000+ $288,819

Reservoir Engineer V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Reservoir Engineer V'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 September 01, 2026
$242,250
Average $248,583/year
$260,349
$20,188
Average $20,715/month
$21,696
$4,659
Average $4,780/week
$5,007
$116
Average $120/hour
$125
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $260,349 $21,696 $5,007 $125
Average $248,583 $20,715 $4,780 $120
25th Percentile $242,250 $20,188 $4,659 $116

Reservoir Engineer V Salary Growth & Career Path

Reservoir Engineer V

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Reservoir Engineer V, 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 Engineering Manager $170,426 -31%
Reservoir Engineer VI $274,811 11%

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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