The petroleum industry in Texas is a major economic driver for the state. With its vast oil and gas reserves, Texas has attracted major energy companies offering high-paying jobs. This article analyzes typical salaries at petroleum investment companies in Texas.
Strong demand creates high wages
The oil and gas industry in Texas faces ongoing labor shortages as veteran workers retire. Strong demand combined with a limited talent pool enables companies to offer high wages to attract talent.
Petroleum engineers earn over $130,000
Petroleum engineers design oil and gas extraction processes and can earn well over $130,000 per year in Texas on average.
Other key roles also see high pay
Beyond engineering roles, petroleum geologists, landmen, accountants and other skilled professionals at energy investment firms also earn salaries exceeding $100,000 in many cases.
With an aging workforce and continued demand for oil, petroleum investment companies in Texas pay wages far above average to attract scarce talent.