The highest salary I have seen was $114k per year, making it the 3rd highest petroleum engineer salary. Fresh graduates who have no experience yet start at … Petroleum engineers must have a bachelor’s degree in engineering, preferably petroleum engineering. Find out more about the average petroleum engineer salary and learn where the best-paying metropolitan areas are for a petroleum engineer across the country. Petroleum engineering starting salary with a bachelor’s degree is going to pay on average $75,000 and $95,000 depending on the company and location. Job Outlook : Employment of petroleum engineers is projected to grow 3 percent over the next ten years, about as fast as the average for all occupations. In addition, they earn an average bonus of $6,681. How much does a Petroleum Engineer make? Average salary for Laredo Petroleum Engineer in Midland: $122,039. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Petroleum Engineering majors at University of Tulsa take out an average of $23,798 in student loans while working on their bachelor's degree. Based on 1 salaries posted anonymously by Laredo Petroleum Engineer employees in Midland. The average Petroleum Engineer salary is $85,064 as of November 25, 2020, but the salary range typically falls between $77,940 and $92,403.Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Petroleum Engineer Salary by Industry. According to the Bureau of Labor Statistics, petroleum engineers held approximately 33,500 jobs in the United States in 2018, most of them working in the field of oil and gas extraction, in the management of companies and enterprises field or for companies that provide support activities for mining. Petroleum engineers generally work in offices or at drilling and well sites. Travel is frequently required to visit these sites or to meet with other engineers, oilfield workers, and customers. sezer66 | Getty Images According to PayScale, workers with this degree earn around $94,000 at the beginning of their careers, … The average salary for a student who gets a bachelor's degree in petroleum engineering from the school is $69,300. The average Petroleum Engineer salary in Oklahoma is $79,960 as of November 25, 2020, but the range typically falls between $73,264 and $86,859. This is one of the best starting salaries that a college graduate could hope to get and it looks to remain strong for the near future. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Petroleum engineering. The average petroleum engineer salary in Tennessee, United States is $143,983 or an equivalent hourly rate of $69. 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