Drilling Engineer Salary
November 13th, 2011
How Much Does a Drilling Engineer earn
About Drilling Engineer
Drilling engineers are specialists who design and implement procedures and are in charge of all aspects of drilling wells safely, economically – right from their inception through to their completion. They work in close proximity with the service contractors, drilling contractors and compliance personnel along with geologists and other technical specialists. They can be employed by a specialty drilling contractor, service organization, and domestic or multinational/international oil company. Their role is minimizing on the costs of getting viable information to assess the formations penetrated, at the same time ensuring the health and safety of the workers and other personnel while protecting the environment.
(A) Starting Salary
The starting salary or the entry level salary of a drilling engineer is enumerated in the below shown table.
|
Job |
Annual Salary Range |
|
|
Starting Salary of a Drilling Engineer |
$ 70,820 |
$ 84,295 |
(B) Average Salary
There are many factors affecting the salary or hourly wage rate of a Drilling engineer. Below is a table that shows the average annual salary range including bonus and profit-sharing.
|
Drilling Engineer |
Annual Salary Range |
|
|
Salary Received |
$ 69,970 |
$ 154,520 |
|
Bonus Received |
$ 4,925 |
$ 50,760 |
|
Sharing in the Profit |
$ 2,470 |
$ 88,770 |
|
Total Pay (after deductions) |
$ 78,160 |
$ 206,520 |
(C) Experienced and Levels Salary
The salary of a drilling engineer will vary according to the years of experience that he gains and during those years how he advances and gets promotions at different levels.
Salary According to Job Levels
|
Job at Different Levels |
Lowest 10% |
Lowest 25% |
Median 50% |
Highest 75% |
Highest 90% |
|
Drilling Engineer I Entry Level |
$ 65,105 |
$ 70,820 |
$ 77,090 |
$ 84,295 |
$ 90,850 |
|
Drilling Engineer II Intermediate Level |
$ 72,040 |
$ 77,745 |
$ 84,015 |
$ 90,792 |
$ 96,969 |
|
Drilling Engineer III Senior Level |
$ 89,070 |
$ 96,475 |
$ 104,615 |
$ 112,880 |
$ 120,402 |
|
Drilling Engineer IV Level IV |
$ 101,975 |
$ 110,320 |
$ 119,480 |
$ 127,310 |
$ 134,440 |
|
Drilling Engineer V Specialists & Consultants Level |
$ 126,320 |
$ 134,630 |
$ 143,770 |
$ 157,109 |
$ 169,255 |
|
DrillingOperations Manager |
$ 78,030 |
$ 96,020 |
$ 115,780 |
$ 122,040 |
$ 127,740
|
Salary According to Years of Experience
|
Years Of ExperienceOf A Drilling Engineer |
Annual Salary RangeFor A Drilling Engineer |
|
|
Less Than A Year |
$ 70,749 |
$ 91,560 |
|
In The Range Of 1-4 Years |
$ 64,430 |
$ 119,310 |
|
In The Range Of 5-9 Years |
$ 67,870 |
$ 155,469 |
|
In The Range Of 10-19 Years |
$ 82,550 |
$ 173,730 |
|
20 Years And More |
$ 106,570 |
$ 152,602 |
(D) By State
Salary which is paid to drilling engineers differs from state to state as per the oil wells in the vicinity as well as the company which is operating in that state. Given below is the tabular form of average annual salary in different states paid to drilling engineers.
|
State or Province |
Annual Salary Range |
|
|
Pennsylvania |
$ 77,770 |
$ 111,200 |
|
Texas |
$ 69,235 |
$ 156,500 |
|
Louisiana |
$ 74,499 |
$ 97,960 |
|
Oklahoma |
$ 88,435 |
$ 130,002 |
In addition to their salaries they also get the usual benefits and perks prevailing in the industry such as 401(k), company pension plan, reimbursement towards further education, paid holidays, vacation and sick leave, life insurance and disability etc. They also receive common health benefits too.