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Top 10 aying jobs in oil & gas production That Will Change Your Life

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The 10 Highest Paying Oil & Gas Jobs

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

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By Julianne Geiger – Nov 07, 2019, 7:00 PM CST

Make no mistake: the U.S. energy industry may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, oil & gas jobs are some of the most lucrative opportunities in the market. 

Jobs are booming, just as much as U.S. oil and gas production is.

US oil production has increased from 11.7 million bpd at the start of 2019 to 12.6 million by the end of October, according to the Energy Information Administration (EIA). Natural gas production has risen as well, to 99.1 Bcf/d at the end of October—95 Bcf/d of which is from dry natural gas—up from 91.3 Bcf/d this time last year for total US natural gas production.

Those gains have translated into more oil and gas industry jobs.

US Oil and Gas Employment

The United States Traditional Energy and Energy Efficiency Sectors in 2018 employed 6.7 million Americans in 2018, according to the US Energy and Employment Report 2019, with nearly 1.5 million directly employed by the oil and gas industry, and another 1.2 million workers employed by the power generation sector, which includes all types of power generation, including oil and gas.                  

Employment in the oil and gas extraction and support services, specifically, was at its highest level in 2018 since the fall of 2014—the next most recent high.

And those jobs? None too shabby if you’re interested.

America’s energy independence push has resulted in a new high for US oil and gas workers. In fact, the energy and utility sectors have the highest median salary of any industry in the S&P 500.

Who’s Who in Energy

If you’re looking to make some cash in oil & gas jobs, you won’t have to look far. The oil industry is having a heck of a time recruiting a skilled workforce, and ExxonMobil, Phillips66, and Anadarko—all Texas based—have been more than willing to pony up the cash.

ExxonMobil’s median pay, according to a Wall Street Journal analysis, came in at $171,375. Phillips66’s median pay was $196,407, according to a Wall Street Journal survey.

Compared to America’s overall median wage for advanced degree holders of $77,324, that’s downright generous. But what oil & gas jobs are the best?

Top Paying Oil & Gas Jobs

Pay isn’t everything, but it sure is something. And if you can’t woo employees with good corporate citizenship or your climate friendliness, you had better pony up the cash. So what jobs are oil and gas companies sinking the most money into in its quest to acquire good talent?

The list of annual salaries below, developed from the Global Talent Energy Index, is based on employees with six years of experience in the oil and gas industry:

#10 Production Engineer $125,600. Production engineers mostly carry petroleum engineering degrees and are responsible for designing and selection well equipment to get it to the production stage post-drilling. They also monitor the well while it is flowing to make sure the well is efficient and still commercially viable.

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#9 Project Engineer $126,846. Project Engineers ensure that the design, construction and major maintenance projects are safely completed, and completed within budget. They review progress reports and proposed construction changes, as well as monitoring and communication project progress to stakeholders.

#8 HSE Manager $126,874. Health, Safety, and Environmental managers develop and implement organizational safety programs. They review and keep updated HSE policies, as well as conduct risk assessments and create precautionary measures. Requirements include a BA in occupational health, safety management or environmental science.

#7 Mechanical Engineer $127,828. Mechanical engineers support plant equipment, and design, develop, install, and maintain equipment that is used for processing oil and gas, with a focus on safety, reliability, quality, and sustainability.

#6 Geophysicist $128,965. A geophysicist studies the physical aspects of the earth in order to determine what lies beneath the surface of the earth.

#5 Drilling Engineer $129,944. This position manages rig staff and is responsible for assessing and maintaining wells, ensuring safety measures are implementing, and is generally responsible for the financial and technical operations of drilling for oil or gas.

#4 Reservoir Engineer $137,156. Reservoir Engineers draw on geology and fluid mechanics knowledge to find petroleum in underground reservoirs. They also assess the amount of petroleum reserves underground. Typically they have a degree in petroleum engineering.

#3 Construction Manager $145,000. CMs are responsible for delivering construction in compliance with HSE requirements and the schedule. They work closely with the project manager in leading teams to manage and control construction projects.

#2 Drilling Supervisor $148,476. Drilling supervisors are in charge of the drill operations and make sure drilling is completed on time. Unlike most of the other top jobs in the oil and gas industry, drilling supervisors often do not need a bachelor’s degree. However, years of experience are usually required. Some employers prefer degrees in drilling technology or mechanical engineering.

#1 Project Manager $157,795. The top paying job in the oil and gas industry is the Project Manager, and it’s no wonder. The PM is tasked with ensuring that an entire project from start to finish is on track, in budget, to specifications, and within safety guidelines. The PM also ensures that communication is flowing between groups. Essentially, the PM is the glue that holds an entire operation together—and companies are willing to pay for the best.

Top Paying Petrochemicals Jobs

The petrochemical industry doesn’t get as much love as the oil and gas industry, but it is said to be the oil and gas industry’s future. Like the traditional oil & gas jobs, petrochemical jobs are highly lucrative, although the salaries are not quite as high.

The top-paying job in petrochemicals is that of the Process Engineer, which pays on average for a six-year veteran $123,400 per year. Quality Assurance Manager comes in at #2, which pays $122,190 per year. Other top jobs in the petrochemicals sector are Construction Manager (#3) at $117,856 per year, Mechanical Engineer (#4) at $111,630, and Chemical Engineer (#5) $98,636.  

Top Paying Jobs in Renewables Sector

The renewables sector has something the other energy-related jobs don’t: they are appealing to the millennial generation. And as such, they tend to have an easier time with talent acquisition of doe-eyed job seekers looking to be excellent citizens.

And it’s good that they feel good about their jobs because on average, they’re going to make less money.

The top-paying job in the renewables sector is Construction Manager, at $118,730. The number two slot is held by the HSE Manager at $102,997, followed by Mechanical Engineer at $92,822.

Top Paying Jobs in the Nuclear Sector

We hear a lot about oil and gas here in the United States, but the US is also the world’s largest producer of nuclear power, according to the World Nuclear Association, producing more than 30% of the world’s total nuclear generation of electricity.

About 20% of the United States’ total electrical output comes from nuclear power, and despite a near 30-year slump for new builds, two new nuclear facilities are now in the works. In total, the US has 98 functioning nuclear power reactors spread across 30 states.

But the nuclear sector may find it difficult to attract new talent. The reputation the segment has, the technical nature of the work required, and the fact that the skills needed are specific to just nuclear are all working against the industry.

But there are great opportunities here, with the current nuclear workforce over the age of 55 representing a third of all workers in this sector, leaving the door open for the next generation—if they are interested.

So how do jobs in this segment measure up? Somewhere near the bottom of the pile, it would seem, but salaries are on the rise.

The top-paying job in the nuclear sector is that of the Construction Manager at $118,565. Coming in second is the Nuclear Engineer, at $108,250 per year, with Electric Engineer in fourth place at $103,160.

Going forward, IHS predicts that by 2025, just the unconventional oil and natural gas value chain and energy-related chemicals activity will support 3.9 million jobs.

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The United States accounted for 98% of all global oil production growth in 2018, and the EIA is expecting crude oil production in the US to reach 13.2 million barrels per day next year. Add to that the fact that the US is expected to retain its spot as the number one oil consumer of the world, US job growth for the oil and gas sector is expected to see more gains going forward.  

By Julianne Geiger for OilPrice.com

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Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

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The 10 Highest Paying Oil & Gas Jobs | OilPrice.com

The 10 Highest Paying Oil & Gas Jobs | OilPrice.com

  • Author: oilprice.com

  • Rating: 5⭐ (251861 rating)

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  • Sumary: Despite recent cost cuts and layoffs, oil & gas jobs remain some of the nation’s most lucrative employment paths, offering the highest median wages of any S&P 500 Industry

  • Matching Result: #10 Production Engineer $125,600. · #9 Project Engineer $126,846 · #8 HSE Manager $126,874 · #7 Mechanical Engineer $127,828. · #6 Geophysicist …

  • Intro: The 10 Highest Paying Oil & Gas Jobs Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Nov 07, 2019, 7:00 PM CST Make no mistake: the U.S. energy…
  • Source: https://oilprice.com/Energy/Energy-General/The-10-Highest-Paying-Jobs-In-Oil-Gas.html

The 12 Highest Paying Oil and Gas Jobs in 2022 - ZipRecruiter

The 12 Highest Paying Oil and Gas Jobs in 2022 – ZipRecruiter

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12 Best Paying Jobs In Oil & Gas Production - Totempool

12 Best Paying Jobs In Oil & Gas Production – Totempool

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  • Sumary: Check out the best paying jobs in oil & gas production. And kickstart a career that provides lots of opportunities to grow as a professional.

  • Matching Result: Best Paying Jobs in Oil & Gas Production (Between $120K and $160K) · 1. Project Manager · 2. Subsea Engineer · 3. Reservoir Engineer · 4.

  • Intro: 12 Best Paying Jobs In Oil & Gas Production When it comes to job opportunities, Oil & Gas production has an array of chances. In spite of the ups and downs the industry sees, it always has good jobs to offer. In this article, we will talk about the best-paying…
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20 Best Paying Jobs in Oil & Gas Production 2022 | Highest ...

20 Best Paying Jobs in Oil & Gas Production 2022 | Highest …

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10 Of The Best Paying Jobs In Oil & Gas Production [2022]

10 Of The Best Paying Jobs In Oil & Gas Production [2022]

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  • Sumary: What are the best paying jobs in oil and gas production? There are more than 10 million jobs in oil and gas production. The industry is growing and it remains one of the highest paid. Is this the career path to take? Are entry-level jobs available and what are…

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20+ Best Paying Jobs in Oil & Gas Production to Lookout for in ...

20+ Best Paying Jobs in Oil & Gas Production to Lookout for in …

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17 Best Paying Jobs In Oil & Gas Production in 2022

17 Best Paying Jobs In Oil & Gas Production in 2022

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  • Sumary: If you’re looking for a new career in oil and gas production, consider one of these 17 best paying jobs in oil & gas production.

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  • Intro: 17 Best Paying Jobs In Oil & Gas Production in 2022Despite facing the downturn due to the pandemic, the oil and gas industry is still going up and has a bright future. According to the report of Statista, global demand for crude oil increased from 86.4 million barrels per day…
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Frequently Asked Questions About aying jobs in oil & gas production

If you have questions that need to be answered about the topic aying jobs in oil & gas production, then this section may help you solve it.

What position in the oil and gas sector has the highest pay?

Petroleum geologists search for and find oil and gas deposits within the earth, and their average annual salary in Canada is 61,946. This is the highest paying position in the oil and gas sector.

Does the oil and gas sector offer good pay?

The field offers some of the highest median wages of any industry, with a typical worker earning 0,710 per year. Although job opportunities in the industry may be declining, those who do work in it continue to enjoy strong compensation.

Is producing oil and gas a worthwhile career choice?

However, it’s not a stable industry, so if you’re just looking for a long-term career, you might want to consider another industry. The oil and gas industry is a great choice for people who are looking for a high-paying job with good job security.

How much money is possible in the oil industry?

According to the average annual pay for an Oil Field Workers in the United States as of, that figure is b>7,184 a year,/b> which, in case you need a quick salary calculator, equates to about 2.68 an hour.

What position on an oil rig has the lowest pay?

The oil rig’s lowest paid position is as a steward.

Is it difficult to break into the oil business?

Jobs in the oil and gas industry are highly sought after because they can pay so well and you don’t necessarily need to go to school for years to make a decent living. However, getting started in the oilfield is difficult.

What is the best strategy for oil and gas?

A petroleum engineering bachelor’s degree will get you off to a good start, but if you want to become a petrophysicist, you’ll need to take electives in advanced physics and geology.

Why do refineries pay such high prices?

According to energy expert David Victor of UC San Diego, one reason refineries pay so much more is because of where California gets its oil. “California gets oil from three places. It gets it from the production of oil here in California, which has slowly been declining over time,” Victor said.

Is operating a refinery a difficult job?

The work of a refinery operator is physically demanding, sometimes takes 12 hours or more, and sometimes they work under pressure. They are responsible for refining crude oil into a variety of useful goods, from transport fuels to vegetable oils.

How long are the workers on the oil rig away?

The standard working pattern for rigs is two weeks on, two weeks off, or for some more high-level positions, two weeks on, three weeks off. Shifts are typically 12 hours on, 12 hours off. Rigs are operational 24 hours a day, 365 days a year.

What position on an oil rig is best?

The highest paid engineers on an offshore platform, chemical process engineers and subsea engineers, make between 5,000 and 88,000 per year.

Do cell phones have a place on oil rigs?

Cell phone use is strictly forbidden outside of the living quarters due to the possibility of flammable gas rising from the oil well.

Do employees snooze on oil rigs?

The majority of oil rigs have worker bunker beds; some even provide private rooms; showers and washrooms are also shared by the staff; and yes, workers do sleep on oil rigs.

What position on an oil rig pays the least?

Roustabout, a position at the entry level for which no prior experience is necessary.

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