Oil and Gas engineering salaries - 2018 update.

[mr2mike]

Most service companies are feast or famine.
Producers have a pretty steady salary so when the service company jacks their rates way up based on demand they can afford to pay the increase.

[schurchill39]

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I would say it's between 85k-120k. With 120k for 7 yrs exp being quite rare nowadays. This is what i would expect including all the years of little to no raises and/or pay cuts between 2015 and now.

I am sure this is what you mean, Extraslow, when you say you've got your answer because this is pretty much the range of my entire friend group who work at producers. Everyone has 5-8 years experience and their base salaries falls within this range depending on role and producer. To narrow the range a little more I'd even say 95-110k if you've got a proven track record of producing good work with little to no supervision. As you mentioned all of the other benefits vary greatly but for base pay this gets you right in the pocket.

[Ekliptix]

Dang, I thought engineers at E&Ps made way more then what ppl are posting here, but I've only worked on the service/technology/sales side (13 yrs same company).

[ExtraSlow]

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Dang, I thought engineers at E&Ps made way more then what ppl are posting here, but I've only worked on the service/technology/sales side (13 yrs same company).

Sales is where the big money is. Well , during good years E&P shares paid out a hell of a lot, but nobody makes money on those these days.

[dandia89]

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Dang, I thought engineers at E&Ps made way more then what ppl are posting here, but I've only worked on the service/technology/sales side (13 yrs same company).

I know several people who weren't laid off and continued working with the producer company, easily making $120k-$150k with with 6-8 years exp. It's all the people who've been laid off and getting that post-recession salary. I'd say 5-7 years you should expect 80-100k, any contractor company it could be as low as 65k

[Aleks]

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Dang, I thought engineers at E&Ps made way more then what ppl are posting here, but I've only worked on the service/technology/sales side (13 yrs same company).

Base salary isn't going to be hugely different between companies. What I found can vary big time is all the other perks, long term, short term, bonuses that can add significantly to the base salary each year.

[ExtraSlow]

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I know several people who weren't laid off and continued working with the producer company, easily making $120k-$150k with with 6-8 years exp.

If you are talking base salary, that's an outlier, well above average for that age range.

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Base salary isn't going to be hugely different between companies. What I found can vary big time is all the other perks, long term, short term, bonuses that can add significantly to the base salary each year.

Yeah, long term incentive can be very significant if your company is hitting it's targets. Oh how I miss those days. . . .

[Disoblige]

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If you are talking base salary, that's an outlier, well above average for that age range.

Yeah, long term incentive can be very significant if your company is hitting it's targets. Oh how I miss those days. . . .

Ya, I think dandia is talking about total or something. No way someone is getting $150k base with that total experience level.

With that said, the ranges can be pretty crazy if we are not talking about base simply due to all the variables involved.

[Mitsu3000gt]

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Dang, I thought engineers at E&Ps made way more then what ppl are posting here, but I've only worked on the service/technology/sales side (13 yrs same company).

I learned the exact same thing in this thread haha - I thought PEng's at producers with that much experience were making way more (base salary) than is suggested here.

[nzwasp]

https://go.hays.ca/rs/855-IQZ-733/im...de-digital.pdf

Resources and Mining starts at Page 168

[Aleks]

At 5-7 years, you have been a P.Eng for 1-3 years. That's not what I would call huge experience. It is at P.Eng level that at a lot of producers you can start to get extras. Again at Intermediate and Senior levels things change as you get more perks. At leadership levels again things change, the higher up the ladder you go the less the base salary means in terms of your total compensation.

[Disoblige]

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I learned the exact same thing in this thread haha - I thought PEng's at producers with that much experience were making way more (base salary) than is suggested here.

Not sure why you would think that. Most people at this experience level just begin knowing what they are really doing. However, the total compensation is often times very different from base, which is why I mentioned how base really varies greatly from total.

I have seen total compensation for field engineers over $200k for someone with 7-8 years experience.

[dandia89]

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Ya, I think dandia is talking about total or something. No way someone is getting $150k base with that total experience level.

With that said, the ranges can be pretty crazy if we are not talking about base simply due to all the variables involved.

yeah this was total compensation w/ bonus. should have clarified.

these are big producer companies, a bunch of them did an anonymous survey out to each other.

[Neil4Speed]

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https://go.hays.ca/rs/855-IQZ-733/im...de-digital.pdf

Resources and Mining starts at Page 168

I would be cautious about using this as a credible representation of market data. Hays surveys are not commonly used by Calgary E&P companies, and most of their data is likely sourced from their recruitment side and bulked up with regional differentials, which provides a pretty small data set.

[nzwasp]

Well im in IT and from my point of view those salaries in the survey for IT especially for network positions havent changed in 10 years. I wonder if this is how Telus keeps their employees at the same level for years (imho as a ex telus employee)

[Mitsu3000gt]

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Not sure why you would think that. Most people at this experience level just begin knowing what they are really doing. However, the total compensation is often times very different from base, which is why I mentioned how base really varies greatly from total.

I have seen total compensation for field engineers over $200k for someone with 7-8 years experience.

I had nothing to go off of except my own assumptions and how much schooling they do vs some other O&G jobs My engineering friends worked WAY harder in school than myself or my other non-engineer friends, I assumed they were compensated better than that (not that it's bad). I don't ask them what they make. At least one other person in this thread learned the same thing today haha. For whatever reason I've always thought engineers (and my only experience is primarily with producers) were compensated better than that. I had assumed the moment you get that PEng designation you would be at $100K++, I really had no idea.

As for the rest of the compensation as far as I know it's often the same company-wide, like STIP, LTIP, benefits, etc. which can be very significant but AFAIK is not normally specific to engineers or any other department for that matter (outside of execs). Every producer I've worked for has had a fairly consistent bonus/benefit plan across departments. Every bonus I've ever got has been a salary percentage, so people who make more naturally get bonused more.

[HiTempguy1]

For every peng making bank, there are 9 others making under 6 figures. The thing is, you dont hear from those 9 others, and they sure don't take salary surveys (which rarely get info from smaller companies).

[mr2mike]

STIP and LTIP can be good but the share price needs to go up. This is not happening as large investments into Canadian Energy isn't happening.
Look at the news on Billionaire family and their investment into energy. Where did it go? Chevron, Devon, etc.... all Int'l or US energy.

In a smaller company it's more about hitting the right time of the price cycle.

[ExtraSlow]

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For every peng making bank, there are 9 others making under 6 figures. The thing is, you dont hear from those 9 others, and they sure don't take salary surveys (which rarely get info from smaller companies).

Yeah, I'd say average engineers don't make nearly what people assume. Lots under 100k, even experienced ones.

[Sugarphreak]

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