Oil and gas production is a critical industry with many different careers available. If you’re interested in pursuing a career in this field, you’ll want to know which positions offer the best pay. Here are 20 of the best paying jobs in oil and gas production, from entry-level positions to management roles.
20 Best Paying Jobs in Oil and Gas Production
Petroleum Engineer
Petroleum engineers are responsible for the safe and efficient extraction of oil and gas from underground reservoirs. They use their knowledge of physics, chemistry, and mathematics to develop ways to extract these resources in the most efficient way possible.
Petroleum engineers typically earn a bachelor’s degree in engineering. Many also complete master’s degrees or PhDs. Petroleum engineers are among the highest-paid workers in the oil and gas production industry. In 2018, the median salary for petroleum engineers was $137,170 per year.
Geoscientist
1. Geoscientists study the Earth’s crust and its composition. They use their knowledge to find natural resources like oil and gas. Geoscientists typically have a bachelor’s degree in geology, physics, or chemistry.
2. Petroleum Engineers design and develop methods for extracting oil and gas from the Earth. They also develop new ways to increase the efficiency of oil and gas production. Petroleum Engineers typically have a bachelor’s degree in engineering.
3. Drilling Engineers oversee the drilling of wells that are used to extract oil and gas from the ground. They ensure that the wells are drilled safely and efficiently. Drilling Engineers typically have a bachelor’s degree in engineering.
4. Production Engineers oversee the production of oil and gas from wells. They work to ensure that production is efficient and safe. Production Engineers typically have a bachelor’s degree in engineering.
5. Reservoir Engineers manage the reservoirs that contain oil and gas. They work to maximize production from these reservoirs while also protecting them from depletion. Reservoir Engineers typically have a bachelor’s degree in engineering or geology.
These are just some of the many jobs in oil and gas production
Drilling Engineer
A drilling engineer is responsible for planning and overseeing the drilling of oil and gas wells. They work closely with geologists to determine the best location for a well. They also develop plans for the safe and efficient drilling of the well.
Drilling engineers typically have a bachelor’s degree in engineering. Many also have a master’s degree or higher. Drilling engineers typically start out working as entry-level engineers. With experience, they can advance to positions such as senior engineer or project manager.
Drilling engineers are employed by oil and gas companies, engineering firms, and government agencies. The median annual salary for a drilling engineer is $137,170.
Production Engineer
Production engineers are responsible for the safe and efficient operation of oil and gas production facilities. They develop and implement production plans, oversee the drilling and completion of wells, and monitor production operations. Production engineers typically have a bachelor’s degree in engineering.
Production engineers are among the highest-paid workers in the oil and gas industry. They typically earn salaries of $100,000 or more per year. In some cases, they may earn bonuses or other forms of compensation that can increase their total earnings.
If you’re interested in working in the oil and gas industry, becoming a production engineer is a great option. You can expect to earn a high salary and have the opportunity to work in a variety of different settings.
Project Manager
Project managers in oil and gas production are responsible for overseeing the entire project, from start to finish. They coordinate with different teams to make sure that everything is on schedule and within budget. Project managers typically have a four-year degree in engineering or project management.
Project managers in oil and gas production earn an average salary of $85,000 per year. However, salaries can range from $75,000 to $95,000 per year, depending on experience and location.
Health, Safety, and Environmental Manager
Working as a health, safety, and environmental manager in the oil and gas production industry can be a very lucrative career. These managers are responsible for ensuring that all workers are following safety protocols and that the work environment is safe. They also work to protect the environment from any harmful effects of the production process.
Health, safety, and environmental managers typically have a bachelor’s degree in a related field, such as occupational health and safety. Many also have several years of experience working in the oil and gas production industry.
The average salary for a health, safety, and environmental manager in the oil and gas production industry is $85,000 per year. However, salaries can vary depending on the size of the company and the location of the job.
Construction Manager
Construction managers in the oil and gas production industry can earn a good salary. They are responsible for overseeing the construction of oil and gas production facilities. This includes planning, coordination, and budgeting. Construction managers typically have a four-year degree in engineering or construction management.
2. Drilling Engineer
Drilling engineers in the oil and gas production industry can also earn a good salary. They are responsible for designing and implementing drilling programs. This includes planning the drilling process, selecting the equipment, and supervising the drilling operation. Drilling engineers typically have a four-year degree in engineering.
3. Production Manager
Production managers in the oil and gas production industry can also earn a good salary. They are responsible for managing the production of oil and gas. This includes planning, coordination, and budgeting. Production managers typically have a four-year degree in engineering or business administration.
Maintenance Superintendent
The Maintenance Superintendent is responsible for overseeing the maintenance of all equipment and facilities used in oil and gas production. They ensure that all equipment is properly maintained and operated, and that all facilities are safe and clean. The Maintenance Superintendent typically earns a salary of $85,000 per year.
The Production Manager is responsible for overseeing the entire oil and gas production process. They ensure that all operations are running smoothly and efficiently, and that all safety regulations are being followed. The Production Manager typically earns a salary of $100,000 per year.
The Health, Safety, and Environment Manager is responsible for ensuring that all health, safety, and environmental regulations are being followed in oil and gas production. They develop and implement safety programs, conduct audits, and investigate accidents. The Health, Safety, and Environment Manager typically earns a salary of $110,000 per year.
Pipeline Engineer
Pipeline engineers are responsible for the design, construction, and maintenance of pipelines. They work with a variety of materials, including oil, gas, water, and chemicals. Pipeline engineers must have a strong understanding of physics and math in order to perform their job effectively.
Pipeline engineers typically earn a very competitive salary. According to the Bureau of Labor Statistics, the median annual salary for pipeline engineers was $93,250 in 2018. The top 10% of earners made more than $157,520 per year.
Overall, pipeline engineering is a great career option for those interested in working in the oil and gas industry. Pipeline engineers can expect to earn a good salary and have opportunities for advancement.
Business Development Manager
The role of business development manager is to identify new business opportunities for their company. They work with clients and potential customers to understand their needs. They also develop strategies to market the company’s products and services. Business development managers typically have a bachelor’s degree in business or a related field. They also have experience in sales, marketing, and customer service.
Business development managers typically earn an annual salary of $85,000. They may also receive bonuses and commission based on their performance.
Economist
1. Economists are among the best-paid professionals in the oil and gas industry. They typically earn six-figure salaries and can often command even higher pay depending on their experience and qualifications.
2. Economists play a vital role in the oil and gas industry by providing analysis of data and trends. This information is used to make decisions about investment, production, and pricing.
3. Economists typically have a background in economics, mathematics, or another quantitative discipline. Many also have advanced degrees such as a Master’s or PhD.
4. There is expected to be strong demand for economists in the oil and gas industry in the coming years as the industry undergoes major changes.
5. Overall, economists are among the best-paid professionals in the oil and gas industry. They play a vital role in the industry and can expect strong demand for their skills in the years ahead.
Finance Manager
1. Finance managers in oil and gas production earn a median salary of $116,000 per year.
2. Finance managers in oil and gas production are responsible for the financial planning, forecasting, and analysis of a company’s oil and gas operations.
3. Finance managers in oil and gas production typically have a bachelor’s degree in finance or accounting.
4. Finance managers in oil and gas production can advance their careers by becoming certified public accountants (CPAs) or certified management accountants (CMAs).
Market Analyst
Market analysts play a vital role in the oil and gas production industry. They are responsible for analyzing market trends and providing reports to decision-makers. This information helps companies make informed decisions about where to invest their resources.
Market analysts typically have a bachelor’s degree in business or economics. Some also have experience working in the oil and gas production industry. Market analyst positions typically pay very well, with some positions earning six-figure salaries.
If you are interested in a career in the oil and gas production industry, market analyst is a great option to consider. With the right education and experience, you can earn a very good salary in this field.
Refinery Manager
The average salary for a Refinery Manager is $132,000 per year. Refinery Managers are responsible for the safe and efficient operation of an oil refinery. They oversee the production process and make sure that all safety and environmental regulations are followed. Refinery Managers also develop plans to improve the efficiency of the refinery and reduce costs.
To become a Refinery Manager, you will need at least a bachelor’s degree in engineering or a related field. You will also need several years of experience working in the oil and gas industry.
how much Jobs in Oil and Gas Production pays?
| Job Title | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| Electrical Engineer Oil Gas | $101,265 | $8,439 | $1,947 | $48.69 |
| Oil Gas Business Analyst | $99,836 | $8,320 | $1,920 | $48.00 |
| Oil Gas Controller | $95,124 | $7,927 | $1,829 | $45.73 |
| Engineer Oil Gas | $92,987 | $7,749 | $1,788 | $44.71 |
| Planning Engineer Oil Gas | $92,732 | $7,728 | $1,783 | $44.58 |
Conclusion
The industries of oil and gas is diverse in the way it works, offering various opportunities and perks to those with the specific educational standards and professional skills required.
