How much does a Drilling Engineer I make at companies like Bonanza Creek Energy, Inc. in the United States? The average salary for Drilling Engineer I at companies like Bonanza Creek Energy, Inc. in the United States is $99,751 as of July 27, 2020, but the range typically falls between $92,037 and $109,565. 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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What does a Drilling Engineer I do at companies like Bonanza Creek Energy, Inc.?
Drilling Engineer I is responsible for the design and implementation of oil and gas wells. Performs design evaluations and recommends alterations to improve safety, costs, and efficiency. Being a Drilling Engineer I may conduct risk assessment and cost estimation. Requires a bachelor's degree in engineering. Additionally, Drilling Engineer I is familiar with standard concepts, practices and procedures within a particular field. Typically reports to supervisor or manager. To be a Drilling Engineer I typically requires 0-2 years of related experience. Works on projects/matters of limited complexity in a support role. Work is closely managed. (Copyright 2020 Salary.com)
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Understand the total compensation opportunity for Drilling Engineer I at companies like Bonanza Creek Energy, Inc., base salary plus other pay elements
Average Base Salary
Average Total Cash Compensation
Includes base and annual incentives
These charts show the average base salary (core compensation), as well as the average total cash compensation for Drilling Engineer I in companies like Bonanza Creek Energy, Inc. in the United States. The base salary for Drilling Engineer I in companies like Bonanza Creek Energy, Inc. range from $92,037 to $109,565 with the average base salary of $99,751. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $95,224 to $121,586 with the average total cash compensation of $107,495.
Bonanza Creek Energy, Inc.
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 116.8 million barrel of oil equivalent. Bonanza Creek Energy, Inc. was founded in 1999 and is headquartered in Denver, Colorado....