Hi,ENGINEERZ

Petroleum engineering has become a technical profession that involves extracting oil in increasingly difficult situations as the "low hanging fruit" of the world's oil fields are found and depleted. Improvements in computer modeling, materials and the application of statistics, probability analysis, and new technologies like horizontal drilling and enhanced oil recovery, have drastically improved the toolbox of the petroleum engineer in recent decades.

Deep-water, arctic and desert conditions are commonly contended with. High Temperature and High Pressure (HTHP) environments have become increasingly commonplace in operations and require the petroleum engineer to be savy in topics as wide ranging as thermo-hydraulics, geomechanics, and intelligent systems.

The Society of Petroleum Engineers is the largest professional society for petroleum engineers and publishes much information concerning the industry. Petroleum engineering education is available at 17 universities in the United States and many more throughout the world - primarily in oil producing states - but not only top producers, and some oil companies have considerable in house petroleum engineering training classes.

Petroleum engineers have historically been one of the highest paid engineering disciplines; this is offset by a tendency for mass layoffs when oil prices decline. Petroleum engineering(field company man representing the natural resource company) salaries start from $60,000 annually for just graduated individuals. For an individual with experience, the salaries can go from $150,000 to $200,000 annually.Drillers on the drilling rig (contractor) makes approx.80-100,000 USD.Rig managers are making approx.110,000-130,000 USD.This is per 2010.In a June 4th, 2007 article, Forbes.com reported that Petroleum Engineering was the 24th best paying job in the United States.