Average Petroleum Engineers Salary in Odessa, TX
Petroleum Engineers in Odessa, TX, command an impressive average annual salary of $146,440. This figure is notably close to the national average of $154,300, suggesting that the specialized demands and economic drivers within the Odessa region significantly influence compensation for this critical role. The concentration of the oil and gas industry in this area directly correlates with the competitive pay offered to skilled professionals.
Executive Summary
- Average Salary: $146,440 per year.
- Growth Trend: Salaries have shifted 6.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,860.
- Outlook: The local job market for Petroleum Engineers in Odessa, TX, appears robust, supported by a dedicated workforce of 310 professionals. The exceptionally high Location Quotient of 32.09 indicates a substantial concentration of these roles compared to the national average, signaling strong local demand and a specialized industry presence that likely sustains employment opportunities.
Salary Overview
The average Petroleum Engineers in Odessa, TX earns-5.1%below the national average.
$70.4
$2,816
$12,203
Petroleum Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Petroleum Engineer salaries in Odessa, TX, have experienced growth over the past four years, mirroring national trends in the energy sector. Factors such as fluctuating oil prices, technological advancements, and evolving industry needs typically drive salary increases for specialized engineering roles, ensuring competitive compensation.
Petroleum Engineers Salary Distribution in Odessa, TX
The salary progression for Petroleum Engineers in Odessa, TX, typically scales significantly with experience. Entry-level positions will likely fall below the $146,440 average, while senior engineers with extensive project management and technical expertise can expect to earn considerably more. The percentile gaps in salary distribution underscore the substantial career advancement and earning potential available as professionals gain experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $77,200 | $37.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $109,830 | $52.8 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $134,280 | $64.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $183,050 | $88 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $210,860 | $101.4 |
Detailed Petroleum Engineers Market Analysis
Relocation Context
Nominal Salary
$146,440
Gross Pay
Real Wage (Purchasing Power)
$146,440
Adjusted for COL (100)
With an average annual salary of $146,440 and a Cost of Living Index of 100, Petroleum Engineers in Odessa, TX, experience a salary that aligns perfectly with the national average cost of living. This means that the purchasing power of their income in Odessa is equivalent to the national average, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
310
Total Jobs
3.948
Per 1K Jobs
32.09
Location Quotient
Odessa, TX has 32.1x 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.
The Location Quotient of 32.09 for Petroleum Engineers in Odessa, TX, is exceptionally high, indicating that this metropolitan area is a major hub for this profession, with a concentration far exceeding the national average. This suggests a highly specialized and competitive market where employers actively seek talent, and professionals benefit from a deep pool of industry-specific opportunities and potential career growth.
Nearby Job Markets
Nearby Cities for Petroleum Engineers
| City | Salary | Dist. |
|---|---|---|
| Midland, TX Petroleum Engineers Salary | $167,670↑ 14% | 17 mi |
Comparing salaries near Odessa, TX
Hiring Petroleum Engineerss?
Frequently Asked Questions
How much does a Petroleum Engineers make in Odessa, TX?
The median annual salary for a Petroleum Engineers in Odessa, TX is $146,440. This typically ranges from $77,200 for entry-level positions to $210,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Odessa, TX is 5.1% lower than the national median of $154,300.
Is Odessa, TX a lucrative place for Petroleum Engineers?
Yes, Odessa, TX is a lucrative place for Petroleum Engineers.Petroleum Engineers in Odessa earn an average of $146,440, which is competitive with the national average, and the cost of living is at the national average, making it financially advantageous.
Is Odessa, TX a good place to live for Petroleum Engineers?
The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Odessa, TX?
Some top paying nearby cities include Midland, TX ($167,670) and others.
How does the Odessa, TX salary compare to the national average for Petroleum Engineers?
The average annual salary for Petroleum Engineers in Odessa, TX, is $146,440, which is slightly below the national average of $154,300, but still represents a very competitive compensation package.
What is the significance of the Location Quotient in Odessa, TX for Petroleum Engineers?
A Location Quotient of 32.09 signifies that Odessa, TX, has a highly concentrated industry for Petroleum Engineers, meaning there are significantly more jobs and professionals in this field relative to the national average.
How does the Cost of Living in Odessa, TX affect the Petroleum Engineer salary?
The Cost of Living Index in Odessa, TX, is 100, which is the national average. This means the $146,440 salary has the same purchasing power as the national average salary, indicating a balanced economic environment for professionals.
What does the local workforce size suggest about job availability for Petroleum Engineers in Odessa, TX?
With a local workforce of 310 Petroleum Engineers, Odessa, TX, demonstrates a substantial and dedicated professional community, suggesting a stable and active job market for this specialized role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Odessa, TX area with a job density of 3.948 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Petroleum Engineers • Data source: BLS OEWS 2024 •Jobs in Odessa, TX