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Reservoir engineering consultant vs petroleum analyst

The differences between reservoir engineering consultants 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 a reservoir engineering consultant and a petroleum analyst. Additionally, a reservoir engineering consultant has an average salary of $118,972, which is higher than the $89,739 average annual salary of a petroleum analyst.

Reservoir engineering consultant vs petroleum analyst overview

Reservoir Engineering ConsultantPetroleum Analyst
Yearly salary$118,972$89,739
Hourly rate$57.20$43.14
Growth rate8%8%
Number of jobs59,0901,966
Job satisfaction--
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 81%
Average age4343
Years of experience88

Reservoir engineering consultant vs petroleum analyst salary

Reservoir engineering consultants and petroleum analysts have different pay scales, as shown below.

Reservoir Engineering ConsultantPetroleum Analyst
Average salary$118,972$89,739
Salary rangeBetween $57,000 And $246,000Between $57,000 And $141,000
Highest paying CityOklahoma City, OK-
Highest paying stateNevada-
Best paying companyHess-
Best paying industry--

Differences between reservoir engineering consultant and petroleum analyst education

There are a few differences between a reservoir engineering consultant and a petroleum analyst in terms of educational background:

Reservoir Engineering ConsultantPetroleum Analyst
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 81%
Most common majorPetroleum EngineeringMathematics
Most common collegeStanford UniversityMassachusetts Institute of Technology

Reservoir engineering consultant vs petroleum analyst demographics

Here are the differences between reservoir engineering consultants' and petroleum analysts' demographics:

Reservoir Engineering ConsultantPetroleum Analyst
Average age4343
Gender ratioMale, 98.0% Female, 2.0%Male, 44.7% Female, 55.3%
Race ratioBlack 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%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 reservoir engineering consultant and petroleum analyst duties and responsibilities

Reservoir engineering consultant example responsibilities.

  • Manage budget and AFE writing for multi-billion dollar development project.
  • Develop and manage a Spotfire production dashboard for cross-divisional consumption and reporting.
  • Supervise execution of design CO2 flood.
  • Monitor progress of workovers and new drilling projects.
  • Advise on best practices to run tertiary recovery for NBU and optimize CO2 flood.
  • Define assumptions, project OPEX, CAPEX, deliverables for each discipline function and integrate same for concise budget cycle.
  • Show more

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.

Reservoir engineering consultant vs petroleum analyst skills

Common reservoir engineering consultant skills
  • Eclipse, 22%
  • Field Development, 12%
  • Economic Analysis, 11%
  • PVT, 10%
  • PTA, 9%
  • Petrel, 6%
Common petroleum analyst skills

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