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Petroleum Engineer

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AVG. SALARY

$126,390

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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

$126,390

Entry Annual Wage

$85,170

Experienced Annual Wage

$160,500

Average Hourly Wage

$60.76

Entry Hourly Wage

$40.95

Experienced Hourly Wage

$77.16

Median Hourly Wage

$63.11

North Dakota Regional Earnings

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
West North Dakota nonmetropolitan area $127,410 or $61.25/hr $85,170 or $40.95/hr $160,500 or $77.16/hr

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

Outlook Stable
Growth rate is estimated to be 16%
Job Openings 17 estimated annual job openings
Employment 221 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 increasing outlook (over 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 133 21% 3 8 11

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

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 8 47 11% 3 3

National Earnings

Average Annual Wage

$148,590

Average Hourly Wage

$71.44

Average Annual Range

$77,340 to $225,920

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 2022 to 2032 is estimated to be +3%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 21,400 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth 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) (44.9%)
  • Oil and gas extraction (NAICS211000) (28.8%)
  • Professional, scientific, and technical services (NAICS540000) (16.8%)
  • Support Activities for Mining (NAICS213000) (16.1%)
  • Management of companies and enterprises (NAICS550000) (16%)
  • Management of companies and enterprises (NAICS551000) (16%)
  • Architectural, engineering, and related services (NAICS541300) (13.1%)
  • Engineering services (NAICS541330) (12.5%)
  • Manufacturing (NAICS31-330) (9%)
  • Petroleum and coal products manufacturing (NAICS324000) (6.6%)