Last Updated on March 9, 2023 by
Are you looking for a secure job with numerous growth opportunities? Oil & gas production might be a great career path for you! With the growing energy demand, there are plenty of positions in this sector both in the USA and abroad. Working in oil & gas has great benefits, such as competitive salaries, exciting international work prospects, advancement opportunities, and unique learning experiences.
When deciding whether or not to pursue a career in this industry, it’s important to consider the range of job opportunities available, the potential salary growth over time, and the environmental considerations associated with this work.
In this blog post, we’ll discuss why oil and gas production could be a great choice for you and what key factors to consider before taking the plunge. Want to know is oil & gas production a good career path for you? Check out our in-depth guide below!
Is Oil & Gas Production A Good Career Path?
Oil and gas production can be a great career path for those looking to enter the energy sector. The oil and gas industry offers many opportunities, from hands-on engineering roles to corporate executive positions.
As oil and gas production is such a vitally important part of the global economy, many job opportunities are available in this field.
For engineers, the oil and gas production industry provides an excellent opportunity for professional and financial growth. Oil and gas engineers typically have access to a wide range of projects related to drilling and exploration and production operations. With each project they work on, engineers gain valuable experience that will help them progress in their careers.
Also, since the competition in this industry is so compensated, engineers will find their salaries competitive with other industries.
Highest Paid Oil & Gas Production Careers
Working in oil & gas production is a great way to earn a competitive salary and gain valuable experience in the energy sector. With the increasing energy demand, numerous positions are available worldwide in this field.
It offers competitive salaries, challenging work environments, and the potential to advance within the organization. With this in mind, it’s no surprise that many people are interested in pursuing a career in oil & gas production.
Below are 9 of the highest-paying jobs available in this field.
Average annual salary:
Petroleum engineers are responsible for designing, developing, and overseeing the processes used to extract oil and gas from underground reservoirs. They help determine where drilling should occur and figure out ways to make production more efficient and cost-effective.
Average annual salary:
Geologists are the ones who study the rocks beneath the Earth’s surface to determine the location of petroleum reserves. They use various tools and techniques to analyze geological data and develop strategies for discovering potential oil and gas deposits.
Average annual salary: $95,275
Drilling engineers work onsite at a drilling or well-site location to ensure that activities proceed as planned without any issues or delays. This position requires technical knowledge of geology, engineering, fluid dynamics, pipefitting, explosives handling, safety protocols, and other related areas.
Average annual salary: $117,038
Reservoir engineers are responsible for monitoring production from existing wells. They determine optimal development plans for new wells through reservoir analysis software products such as RMS or ECLIPSE software packages.
These professionals often have specialized knowledge in reservoir simulation programs.
Average annual salary: $72,431
Production engineers oversee the day-to-day operations at a given well site or production facility to ensure that operations run while meeting all regulations set by local authorities and industry standards organizations such as API (American Petroleum Institute).
Their responsibilities often include troubleshooting mechanical problems associated with pumps or other equipment used at the site.
Average annual salary: $111,985
Pipeline engineers specialize in creating efficient and secure pathways for oil and gas transportation. Depending on the specific location, this work can involve above-ground pipelines or underground networks maintained through hydrostatic testing technology.
Professionals in this field must have an understanding of design specifications, applicable installation techniques, operational maintenance plans, environmental impact assessments, risk analysis processes, and stress tests. They must be prepared to simulate possible failure scenarios.
Offshore Installation Manager
Average annual salary: $78,897
Offshore installation managers are responsible for the management of personnel and overseeing safety procedures on land rigs and offshore platforms. These professionals must maintain a continuous line of communication with their supervisors and crew members.
They must possess an in-depth knowledge of engineering operations such as hydraulic systems, electrical components, and platform mechanics.
Average annual salary: $48,765
Oil & gas production companies must adhere to strict safety guidelines set forth by local regulatory bodies such as OSHA (Occupational Safety & Health Administration) to protect workers from hazardous conditions present during open hole excavation, processing plant operation & platform management activities just to name a few examples.
Safety Inspectors monitor work areas regularly while looking for violations concerning proper employee attire, protective gear usage during task execution, emergency shutdown procedure implementation during unexpected events, etc.
Average annual salary: $84,375
Project Managers serve an integral role within oil & gas production facilities. These professionals can multi-task while working towards project objectives by keeping the overall cost down.
They can complete projects on time under budget constraints if necessary, thus creating higher profit margins for companies involved with these endeavors, ultimately benefiting stockholders and employees too!
Companies Recruiting in Oil & Gas Production
Job recruitments in the Oil & Gas Production industry have seen a steady rise over the last few years as companies are looking to make up for increased demand in energy production. This industry is booming partly due to the growing global economy and population, as well as increasing environmental concerns that require clean and sustainable solutions.
Oil & Gas Production companies are looking for an array of professionals, including engineers, geologists, and other technical experts. Additionally, many companies offer training programs for skilled professionals who want to transition into the Oil & Gas Production industry.
Here are some of the top companies that are actively recruiting in the Oil & Gas Production industry:
- Baker Hughes
- Weatherford International
- Total SA
- Anadarko Petroleum
Oil & Gas Production Career Salaries by Experience and Location
An entry-level annual salary for Oil & Gas Production can vary depending on the location and experience. Generally, entry-level salaries in Oil & Gas Production range from $30,000 to $50,000 annually, with experienced workers earning much higher salaries.
For example, an experienced worker in the oil and gas industry could make upwards of $90,000 per year. Salaries can also vary depending on the region, with some locations offering higher wages than others.
Here are some of the average salaries for professionals in Oil & Gas Production around the USA:
- Hawaii: $75,000
- New York: $77,500
- Arizona: $72,800
- Massachusetts: $80,250
- New Jersey: $79,150
Can You Make Good Money In Oil & Gas Production
Yes, you can make good money in Oil & Gas Production. While entry-level salaries tend to be lower, experienced professionals can earn quite a bit of money in this industry.
According to the Bureau of Labor Statistics, the average annual salary for all occupations in the oil and gas industry (including both engineers and technicians) is $77,590.
The industry has a wide range of positions and duties for professionals with different backgrounds and talents. The 25th percentile salary is $54,320, and the 75th percentile salary is $113,140. These figures demonstrate that the Oil & Gas Production industry can be a great place for professionals to make good money.
With an impressive range of salaries available for experienced workers, Oil & Gas Production can be a lucrative career option.
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CONCLUSION – Is Oil & Gas production A Good Career Path
Oil & Gas Production is a great career option for those looking to make good money. With an impressive range of salaries available for experienced workers, it can be a lucrative industry to explore. The industry has a wide array of positions and duties that accommodate professionals with different backgrounds and talents.
With the growing global demand for energy production, now is the perfect time to consider a career in Oil & Gas Production. Companies are actively recruiting professionals throughout the USA and offering competitive salaries with excellent benefits.