- The median salary for an Oil-Gas Engineer is $60, 000-$80,000 per year.
Facts at a glance
- Most establishments employ fewer than 5 workers.
- About 71 percent of the onshore oil and gas extraction workforce is concentrated in California, Louisiana, Oklahoma, and Texas.
- Although technological innovations have expanded exploration and development worldwide, employment is expected to decline; however, workers with experience in oilfield operations are in demand.
- Earnings are relatively high.
Summary of what this career entails
According to the Bureau of Labor Statistics, petroleum engineers are expected to have a decline in employment through 2014 because most of the potential petroleum-producing areas in the United States already have been explored. Even so, favorable opportunities are expected for petroleum engineers because the number of job openings is likely to exceed the relatively small number of graduates. All job openings should result from the need to replace petroleum engineers who transfer to other occupations or leave the labor force. Petroleum engineers work around the world and, in fact, the best employment opportunities may be in other countries. Many foreign employers seek U.S.-trained petroleum engineers, and many U.S. employers maintain overseas branches.
Examples and or details of work
According to ProcessingTalk.com, automation market in the oil and gas Industry is expected to grow over the next five years and will reach $12 billion dollars by the year 2010. All this is happening because of continued strong demand and record high oil prices; the Oil and Gas and Refining industries are expected to make robust capital expenditures in automation technology.
Degrees that lead to this career
Some of the degrees an individual can attain include:
- B.S. in Oil-Gas Engineering
- B.S. in Petroleum Engineering
- M.S. in Oil and Gas Engineering Management
- M.S. in Oil & Gas Engineering
- M.S. in Petroleum Engineering
Specific Career openings in this field
- TheLadders.com, Inc. - SVP - Oil & Gas Engineer- Dallas, TX.
- Engineering/Architecture; Manufacturing/Operations- Senior Chemical Process Engineer-Oil an Gas- Anchorage, AK.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2006-07 Edition, Engineers, on the Internet at http://www.bls.gov/oco/ocos027.htm
Bureau of Labor Statistics, U.S. Department of Labor, Career Guide to Industries, 2006-07 Edition, Oil and Gas Extraction, on the Internet at http://www.bls.gov/oco/cg/cgs005.htm
Processingtalk.com. 02 Nov. 2006. 06 Nov. 2006 http://www.processingtalk.com/news/ajw/ajw117.html.