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Newkumet Exploration Salary

Newkumet Exploration Salary

How much does the Newkumet Exploration Pay for employees?

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As of August 2026, the average weekly salary for employees at Newkumet Exploration in the United States is $1,674. This translates to an approximate annual wage of $87,053. Salaries at Newkumet Exploration typically range from $1,474 to $1,889 weekly, reflecting the diverse roles and experience levels within the company. Newkumet Exploration’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Newkumet Exploration

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Is Newkumet Exploration’s Pay Competitive? Salary Benchmarking Analysis

How does Newkumet Exploration’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Newkumet Exploration
Energy & Utilities
Cornerstone Exploration Inc
Fossil Creek Resources LLC
Industry Comparison
Our data shows that, on average, compensation at Newkumet Exploration is below the average for the U.S. Energy & Utilities industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Newkumet Exploration average annual salary with several similar companies. Newkumet Exploration average salary of $87,053 is lower than Cornerstone Exploration Inc, which has an average salary of $98,033. It is lower than Fossil Creek Resources LLC, with their average salary at $96,989. This places Newkumet Exploration in a developing position among its peers.
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How Newkumet Exploration's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Newkumet Exploration. Click a company name to learn more.

Employee Reviews: Working at Newkumet Exploration

Considering a career at Newkumet Exploration? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Employees experience steady work and average benefits, but pressure increases during busy seasons. Management is fair and provides recognition for jobs well done, fostering a positive and motivated workforce. Compensation is competitive, and work-life balance is encouraged through flexible hours and generous leave policies. Training programs exist but vary in quality depending on the department.
Commented in May 10, 2025
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It’s more task-driven than people-focused. Career growth is possible but often requires patience. It’s not just a job—it’s a place where I feel secure and respected. The culture is professional but occasionally bureaucratic, limiting fast change or innovation. Safety enforcement is inconsistent, and training quality varies. Employees feel valued through recognition programs and opportunities to co...
Commented in November 26, 2024
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It’s predictable, and that suits people who prefer routine and limited decision-making in their day. Career progression is possible but often competitive. The company offers stable employment with competitive benefits, though workloads can spike during peak periods. The scale of operations allows for diverse career paths while maintaining close-knit teams.
Commented in February 06, 2024
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Newkumet Exploration Overview

Website
Data pending, update soon.
Founded In
2017
Employees
25 - 50 employees
Industry
Energy & Utilities
Headquarter Address
310 W Wall St Midland Texas TX 79701
Revenue
<$5 Million
Phone Number
+1 4326871101
Social Media
About Newkumet Exploration
Newkumet Exploration is a company that operates in the Oil & Energy industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Midland, Texas.

What Benefits Does Newkumet Exploration Offer Beyond Salary?

A competitive compensation package is more than just a salary. Newkumet Exploration offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Midland?

Understanding the cost of living near Midland is key to truly evaluating a salary offer or your current compensation at Newkumet Exploration.
Midland's Cost of Living Index is approximately 86.2 (13.8% less expensive than US average; 7.3% less than TX average). Permian Basin oil city, housing costs fluctuate, generally affordable. EZ Rider. When planning your budget based on a salary from Newkumet Exploration, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ (Variable) A significant portion of Newkumet Exploration salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,170 - $3,500+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Newkumet Exploration

1. What is the average salary for employees at Newkumet Exploration?

The average annual total compensation for employees at Newkumet Exploration is approximately $87,053. However, this is an aggregate figure, actual salaries can range significantly, typically from $76,671 to $98,222, depending on factors like job role, experience, and location.

2. How much does Newkumet Exploration pay compared to Cornerstone Exploration Inc?

The average annual salary at Newkumet Exploration is $87,053, or an hourly wage of $42, in comparison to Cornerstone Exploration Inc which pays $98,033 per year or $47 per hour.

3. How does having a professional certification impact salary for relevant roles at Newkumet Exploration?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Newkumet Exploration for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Newkumet Exploration offer cost-of-living adjustments (COLA) for employees in high-cost areas like Midland?

While some companies offer formal COLA, many, including potentially Newkumet Exploration, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Newkumet Exploration?

Most companies, likely including Newkumet Exploration, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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