The oil and gas industry has some of the most lucrative salaries you can find. It shouldn’t surprise anyone that so much money can be found in the industry that powers our entire planet. But just how much money is there to be made, and what do these people do for a living? The numbers might astonish you. Here are the top five highest paying jobs in Oil and Gas.
1. Drilling Consultant
It’s no surprise that the person in charge of finding the oil gets paid the most money. Some drilling consultants make anywhere from $150,000 to $300,000 per year. They provide advice and consultation on a number of drilling issues, and are really the main point of contact for knowledge about the operation.
2. Rig Manager/Superintendent
The Rig Manager is the big boss man on duty at onshore and offshore locations. In general, the Rig Manager is responsible for all personnel, financial, technical and performance aspects of a drilling rig. They can make anywhere from $120,000 – $180,000 per year.
3. Completion Driller
After the hole is drilled, Completion Drillers come in and make sure the well is prepared to produce oil properly. Another major part of the gig is well maintenance, and it generally requires a degree in engineering since it’s so technically complex. Average annual salaries for Completion Drillers range from $100,000 to $150,000.
4. Reservoir Engineer
Reservoir Engineers are responsible for estimating oil reserves and finding the best spots for recovery. They work with and generate computer models to best estimate how much oil is beneath the surface. A degree in petroleum engineering is suggested, and average pay hovers around $140,000 per year.
5. Petroleum Engineer
Petroleum Engineers take what the Reservoir Engineers give them and actually develop methods for extracting the oil beneath the surface. Reservoir Engineers point out and estimate, while the Petroleum Engineer gets down and dirty and figures out how to get to it. Average pay per year for a Petroleum Engineer is $129,000.