Petroleum Engineer

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AVG. SALARY

$130,170

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$130,170

Entry Annual Wage

$78,320

Experienced Annual Wage

$168,180

Average Hourly Wage

$62.58

Entry Hourly Wage

$37.65

Experienced Hourly Wage

$80.86

Median Hourly Wage

$62.54

North Dakota Regional Earnings

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
West North Dakota nonmetropolitan area $134,750 or $64.78/hr $89,860 or $43.20/hr $168,280 or $80.90/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 14%
Job Openings 9 estimated annual job openings
Employment 111 were employed in this occupation
Industries Large concentrations of this occupation are found in these industries
  • Architectural, engineering, and related services (NAICS541300) (35.29%)

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 75 19% 1 4 5
Region 8 14 7% 1 1

National Earnings

Average Annual Wage

$153,560

Average Hourly Wage

$73.83

Average Annual Range

$78,840 to $228,790

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2023 to 2033 is estimated to be +2%.
(The National average for all occupations is +4%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment small occupation
  This was a small occupation in the United States, employing 20,800 workers in 2023.
(The National average for all occupations is 150,944 workers)
Growth Slower than average growth
  The need for petroleum engineers to help facilitate oil and gas extraction at existing operations is expected to create some demand for these workers. However, increased use of renewable energy and weaker investments in fossil fuel production may limit job growth over the projections decade. 
Industries Large concentrations of this occupation are found in these industries
  • Mining, Quarrying, and Oil and Gas Extraction (NAICS210000) (50.8%)
  • Oil and gas extraction (NAICS211000) (29.6%)
  • Support Activities for Mining (NAICS213000) (21.1%)
  • Management of companies and enterprises (NAICS551000) (13.6%)
  • Professional, scientific, and technical services (NAICS540000) (12.4%)
  • Manufacturing (NAICS31-330) (9.7%)
  • Architectural, engineering, and related services (NAICS541300) (8%)
  • Engineering services (NAICS541330) (7.6%)
  • Transportation and warehousing (NAICS48-490) (6.4%)
  • Pipeline transportation (NAICS486000) (6.4%)