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Associate Petroleum Engineer Jobs (NOW HIRING)

Aramco

Petroleum Engineering Specialist

Houston, TX · On-site

... related petroleum engineering support requires AACO to have in-house expertise in various ... working associates and to convert technical expertise into practical recommendations regarding ...

City of Toledo

Engineering Associate

Toledo, OH · On-site

$74K/yr

Under general supervision of a professional engineer, performs engineering planning, design ... Engineering, Petroleum, Environmental, or Mechanical Engineering Program. Verification of ...

City of Toledo, OH

Engineering Associate

Toledo, OH · On-site

$40.69/hr

Under general supervision of a professional engineer, performs engineering planning, design ... Engineering, Petroleum, Environmental, or Mechanical Engineering Program. Verification of ...

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All JobsAssociate Petroleum Engineer Jobs

Associate Petroleum Engineer information

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$51.5K

$100K

$154K

How much do associate petroleum engineer jobs pay per year?

As of Jul 25, 2026, the average yearly pay for associate petroleum engineer in the United States is $100,000.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,500.00 and $119,000.00 per year, depending on experience, location, and employer.

What is the difference between Associate Petroleum Engineer vs Reservoir Engineer?

AspectAssociate Petroleum EngineerReservoir Engineer
Required CredentialsBachelor's degree in petroleum engineering or related field; entry-level certificationsBachelor's or master's degree in petroleum engineering, reservoir engineering, or related; often advanced certifications
Work EnvironmentField sites, drilling operations, office analysisReservoir modeling, simulation, data analysis, office-based
Employer & Industry UsageOil & gas companies, exploration firms, service companiesOil & gas companies, consulting firms, research institutions

The main difference is that Associate Petroleum Engineers typically focus on supporting drilling and production activities, while Reservoir Engineers specialize in analyzing subsurface reservoirs to optimize extraction. Both roles require similar educational backgrounds, but Reservoir Engineers often have more advanced training in reservoir simulation and modeling.

What are some common challenges faced by Associate Petroleum Engineers during field assignments?

Associate Petroleum Engineers often encounter challenges such as adapting to remote or harsh field environments, managing unexpected equipment issues, and effectively coordinating with multidisciplinary teams. Adjusting to variable work schedules and ensuring strict compliance with safety and environmental regulations are also key aspects of the role. Building strong communication skills and being proactive in problem-solving can help new engineers navigate these challenges and grow in their careers.

What engineers make $500,000 a year?

Highly experienced petroleum engineers, especially those in senior roles or working in high-cost regions, can earn $500,000 or more annually. Such compensation often includes base salary, bonuses, and profit-sharing, typically requiring advanced skills, extensive experience, and sometimes managerial responsibilities.

What does an Associate Petroleum Engineer do?

An Associate Petroleum Engineer assists in the exploration, extraction, and production of oil and gas. They typically work under the supervision of senior engineers to analyze reservoir data, monitor drilling operations, and help optimize production methods. Their responsibilities may also include preparing technical reports, ensuring compliance with safety regulations, and collaborating with geologists and other specialists. This entry-level role is a stepping stone to more advanced engineering positions in the petroleum industry.

What engineers make $300,000 a year?

Senior petroleum engineers with extensive experience, specialized skills, and often working in high-cost-of-living regions can earn $300,000 or more annually. Achieving this level typically requires advanced technical expertise, leadership roles, and sometimes additional certifications or management responsibilities.

Are petroleum engineers still in demand?

Petroleum engineers remain in demand in the oil and gas industry, especially for roles involving reservoir management, drilling, and production optimization. However, demand can fluctuate with changes in energy markets, technological advancements, and shifts toward renewable energy sources.

What are the key skills and qualifications needed to thrive as an Associate Petroleum Engineer, and why are they important?

To thrive as an Associate Petroleum Engineer, you need a bachelor's degree in petroleum, chemical, or mechanical engineering and a solid grasp of geology, reservoir engineering, and drilling techniques. Familiarity with industry-standard software like Petrel, Eclipse, and Microsoft Excel, as well as knowledge of safety and regulatory compliance, is essential. Strong analytical thinking, attention to detail, teamwork, and effective communication distinguish top performers in this role. These skills ensure efficient resource extraction, minimize operational risks, and support collaboration across multidisciplinary teams.

Can you get an Associates in petroleum engineering?

An associate degree in petroleum engineering or related fields such as petroleum technology can provide foundational knowledge for entry-level roles in the industry. However, most petroleum engineering positions typically require a bachelor's degree in petroleum engineering or a related engineering discipline for higher-level responsibilities and career advancement.
What cities are hiring for Associate Petroleum Engineer jobs? Cities with the most Associate Petroleum Engineer job openings:
What are the most commonly searched types of Petroleum Engineer jobs? The most popular types of Petroleum Engineer jobs are:
What states have the most Associate Petroleum Engineer jobs? States with the most job openings for Associate Petroleum Engineer jobs include:
Associate Petroleum Engineer jobs near you
Associate Petroleum Engineer, Global Investment Banking

Associate Petroleum Engineer, Global Investment Banking

CIBC

Houston, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What You'll Be Doing:
Seeking Petroleum Engineering Investment Banking Associate role to support the Houston EIT (Energy, Infrastructure, and Transition) team. As an Associate, you will play a critical role in the engineering-specific aspects of the asset assessment and valuation workflow - PDP forecasting, type curve generation, LOS analysis, and future inventory identification and development. You will work on generating client presentation materials, populating VDRs, and partnering closely with senior bankers, clients, and counterparties.
  • Lead technical analysis and valuation of oil and gas assets.
  • Prepare client presentations and serve as a main contact for senior bankers and clients.
  • Conduct company, industry, basin, and asset research to provide strategic recommendations.

How You'll Succeed:
  • Perform technical evaluations - develop and validate production forecasts and type curves for oil and gas assets across North America.
  • Apply reservoir engineering and data science to identify key performance drivers.
  • Assess and categorize undeveloped inventory and related risks.
  • Build and QC discounted cash flow (DCF) valuation models using ARIES and ComboCurve.
  • Develop and maintain technical databases (ARIES, ComboCurve, Spotfire, etc.) for valuation and marketing analyses.
  • Leverage Enverus PRISM/DI and IHS DirectConnect/Impact public oil & gas database subscriptions to perform independent scoping and understanding of client leasehold positions.
  • Lead technical and operational due diligence workstreams, including diligence calls, deal materials creation, model audit, and process management from start to finish.
  • Partner with senior bankers to support transaction execution, client deliverables, buyer interaction, and process integrity.
  • Market assets to potential buyers by presenting analysis to large groups and following up on buyers' questions and answers.
  • Play a critical role in A&D, M&A, marketing, and pitch processes alongside senior bankers.

Who You Are:
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
  • 2-6+ years of experience in a related reservoir engineering role.
  • Bachelor's in Engineering required; experience in the oil & gas industry at an operator and/or in investment banking (A&D advisory).Effective team player able to work with diverse internal and external stakeholders.
  • High attention to detail; able to manage multiple tasks.
  • Ability to work under pressure and meet deadlines.
  • Strong data analytics and problem-solving capabilities; Skilled at analyzing complex technical and financial data.
  • Fundamental knowledge of cash flow, economics, and rate of return.
  • Demonstrated ability to assess technical risk in economic valuations.
  • Excellent presentation, communication, and client-facing abilities.
  • Advanced skills in ARIES, Spotfire, Microsoft Excel, and PowerPoint, and experience with coding (TERR / Python) and workflow automation
  • Deep understanding of public oil & gas datasets (Enverus, IHS, state websites).
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#LI-TA
California residents - your privacy rights regarding your actual or prospective employment
At CIBC, we offer a competitive total rewards package. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions
What you need to know
  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location
TX-Houston, 1001 Fannin St
Employment Type
Regular
Weekly Hours
40
Skills
Accountability, Advisory Services, Analytical Thinking, Business, Cash Flow, Client Facing, Customer Experience (CX), Financial Modeling, Financial Research, High Net Worth Individuals, Investment Banking, Investment Valuation, Private Equity, Wealth Management

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