Select Region Rural Capital AreaRural Capital Area + Travis County Career Profile Petroleum Engineer Education Bachelor's This is the typical education required for this occupation. Earnings $155,200 This is the median salary for this occupation. Petroleum engineers design and develop methods for extracting oil and gas from deposits below the Earths surface. General Information Devise methods to improve oil and gas extraction and production and determine the need for new or modified tool designs. Oversee drilling and offer technical advice. Watch a brief video about this occupation. Watch Video Petroleum Engineer Occupational Outlook For the Rural Capital Area 4 Job Opportunities Over the next five years, an average of 4 openings per year are projected for Petroleum Engineer. +10.1% Employment Change Employment for Petroleum Engineer is forecasted to increase on par with the regional average by 10.1% between 2025 and 2030. $74.61 Earnings Potential The typical worker in this occupation is paid $74.61/hour. Entry level workers are paid $39.92, while experienced workers are paid $103.47. The median wage is significantly above the wage across all occupations. Local Employment Opportunities There are 58 Petroleum Engineer in the Rural Capital Area region. By 2030 this number could reach 64. Top Employing Industries, Locally The top industries employing Petroleum Engineer are Management of Companies and Enterprises, Oil and Gas Extraction, and Support Activities for Mining. Knowledge Areas The top most significant knowledge categories for Petroleum Engineer include Engineering and Technology, Mathematics, and Physics. Educational Attainment Patterns The most common level of education for Petroleum Engineer is Bachelor's. 89% of people employed in these roles have some form of college degree. Sources: Headlight Data BLS Lightcast®