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Oil well engineer vs petroleum analyst

The differences between oil well engineers and petroleum analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an oil well engineer and a petroleum analyst. Additionally, a petroleum analyst has an average salary of $89,739, which is higher than the $83,972 average annual salary of an oil well engineer.

Oil well engineer vs petroleum analyst overview

Oil Well EngineerPetroleum Analyst
Yearly salary$83,972$89,739
Hourly rate$40.37$43.14
Growth rate8%8%
Number of jobs2,5681,966
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 81%
Average age4343
Years of experience88

Oil well engineer vs petroleum analyst salary

Oil well engineers and petroleum analysts have different pay scales, as shown below.

Oil Well EngineerPetroleum Analyst
Average salary$83,972$89,739
Salary rangeBetween $47,000 And $147,000Between $57,000 And $141,000
Highest paying CityTulsa, OK-
Highest paying stateNevada-
Best paying companyExxon Mobil-
Best paying industry--

Differences between oil well engineer and petroleum analyst education

There are a few differences between an oil well engineer and a petroleum analyst in terms of educational background:

Oil Well EngineerPetroleum Analyst
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 81%
Most common majorPetroleum EngineeringMathematics
Most common collegeStanford UniversityMassachusetts Institute of Technology

Oil well engineer vs petroleum analyst demographics

Here are the differences between oil well engineers' and petroleum analysts' demographics:

Oil Well EngineerPetroleum Analyst
Average age4343
Gender ratioMale, 88.3% Female, 11.7%Male, 44.7% Female, 55.3%
Race ratioBlack or African American, 4.2% Unknown, 4.7% Hispanic or Latino, 10.6% Asian, 17.1% White, 63.0% American Indian and Alaska Native, 0.3%Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 7.5% Asian, 18.3% White, 66.3% American Indian and Alaska Native, 0.3%
LGBT Percentage5%5%

Differences between oil well engineer and petroleum analyst duties and responsibilities

Oil well engineer example responsibilities.

  • Manage development and production on several large, fast-track projects including waterfloods, a steamflood, and CO2 EOR.
  • Coordinate activities with ModuSpec to ensure the rig are properly inspect and in compliance with API 4F.
  • Develop detailed operational sequences and cost estimation for AFE approval.
  • Manage development and production on several large, fast-track projects including waterfloods, a steamflood, and CO2 EOR.

Petroleum analyst example responsibilities.

  • Manage project team meetings using SharePoint calendars.
  • Estimate hydrocarbon reserves using programs such as PHDWin, ARIES, and an in-house petroleum economics software.
  • Assist management with evaluation of restructuring alternatives, procurement of financing, negotiations with multiple constituencies and issuance of new securities.
  • Assist management with evaluation of restructuring alternatives, procurement of financing, negotiations with multiple constituencies and issuance of new securities.

Oil well engineer vs petroleum analyst skills

Common oil well engineer skills
  • AFE, 37%
  • Engineering Support, 29%
  • Well Design, 18%
  • Data Acquisition, 6%
  • HSE, 6%
  • API, 4%
Common petroleum analyst skills

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