SalaryNode

Average Petroleum Engineers Salary in Midland, TX

Petroleum Engineers in Midland, TX, command an impressive average annual salary of $167,670, significantly exceeding the national average of $154,300. This elevated compensation is directly influenced by the region's robust oil and gas industry, creating a high demand for specialized engineering talent that drives local pay rates.

Executive Summary

  • Average Salary: $167,670 per year.
  • Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $233,000.
  • Outlook: The job market for Petroleum Engineers in Midland, TX, appears stable and moderately concentrated, with a local workforce of 1,180 individuals. The Location Quotient of 80.19 suggests a presence that is slightly below the national average concentration, indicating a solid but not overwhelmingly saturated demand for these professionals within the local economy.
2024 Market Data

Salary Overview

$167,670

The average Petroleum Engineers in Midland, TX earns+8.7%above the national average.

BreakdownBased on 40h/week
Hourly

$80.6

Weekly

$3,224

Monthly

$13,973

Petroleum Engineers Salary Distribution in Midland, TX

Salary progression for Petroleum Engineers in Midland, TX, typically scales significantly with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive expertise and a proven track record can expect to earn substantially more. The widening gap between entry-level and senior-level salaries serves as a clear indicator of career advancement and the increasing value placed on experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$104,880$50.4
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$125,753$60.5
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$165,880$79.8
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$209,588$100.8
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$233,000$112

Detailed Petroleum Engineers Market Analysis

Relocation Context

Nominal Salary

$167,670

Gross Pay

Real Wage (Purchasing Power)

$167,670

Adjusted for COL (100)

The average annual salary of $167,670 in Midland, TX, presents a highly favorable financial scenario, especially considering the local Cost of Living Index is exactly at the national average of 100. This means that the higher nominal income translates directly into strong purchasing power, allowing engineers to enjoy a comfortable lifestyle without the added financial strain often associated with high-paying job markets.

Job Market Context

1,180

Total Jobs

9.866

Per 1K Jobs

80.19

Location Quotient

Major Hub

Midland, TX has 80.2x the national concentration of Petroleum Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 80.19, Midland, TX, demonstrates a slightly lower concentration of Petroleum Engineers compared to the national average. This suggests that while the industry is present and employs a significant number of professionals, the market is not overly saturated, potentially offering good opportunities for skilled engineers seeking employment or career advancement.

Nearby Job Markets

Nearby Cities for Petroleum Engineers

CitySalaryDist.
Odessa, TX Petroleum Engineers Salary$146,440↓ 13%17 mi

Comparing salaries near Midland, TX

Hiring Petroleum Engineerss?

Frequently Asked Questions

How much does a Petroleum Engineers make in Midland, TX?

The median annual salary for a Petroleum Engineers in Midland, TX is $167,670. This typically ranges from $104,880 for entry-level positions to $233,000 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Midland, TX is 8.7% higher than the national median of $154,300.

Is Midland, TX a lucrative place for Petroleum Engineers?

Yes, Midland, TX is a lucrative place for Petroleum Engineers.Petroleum Engineers in Midland earn significantly above the national average salary, and with a cost of living at the national average, their purchasing power is exceptionally strong.

Is Midland, TX a good place to live for Petroleum Engineers?

The Cost of Living Index in Midland, TX is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Midland, TX?

Some top paying nearby cities include Odessa, TX ($146,440) and others.

How does Midland's Petroleum Engineer salary compare to the national average?

Petroleum Engineers in Midland, TX, earn an average of $167,670 annually, which is notably higher than the national average of $154,300.

What is the cost of living like for Petroleum Engineers in Midland, TX?

The cost of living in Midland, TX, is precisely at the national average (index of 100), meaning that the higher salaries translate directly into strong real income and purchasing power.

How concentrated is the Petroleum Engineer job market in Midland, TX?

The job market has a Location Quotient of 80.19, indicating a slightly lower concentration of Petroleum Engineers compared to the national average, suggesting a healthy demand.

What is the total number of Petroleum Engineers working in Midland, TX?

There are approximately 1,180 Petroleum Engineers employed in the Midland, TX area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,180 employees in the Midland, TX area with a job density of 9.866 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Petroleum Engineers • Data source: BLS OEWS 2024 •Jobs in Midland, TX