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2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k

22 Ranked Colleges
284 Degrees Awarded
$27,100 Avg Grad Tuition & Fees*
Best Value Petroleum Engineering Schools for a Master's For Those Making $30-$48k

Students have lots of options to chooose from today when trying to decide which college to attend. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k” ranking is part of that endeavor.

Petroleum Engineering is the 180th most popular major in the country with 1,582 degrees awarded in 2019-2020. In 2017-2018, petroleum engineering graduates who were awarded their degree in 2015-2017, earned an average of $66,730 and had an average of $24,667 in loans still to pay off.

At the master’s degree level specifically, there were 284 petroleum engineering graduates with average earnings and debt of $56,398 and $43,194 respectively.

For this year’s “Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k” ranking, we looked at 22 colleges that offer a degree in petroleum engineering. Not only do the schools that top this list have excellent petroleum engineering programs, but they also cost less that schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the petroleum engineering program at the school. For more information, check out our ranking methodology.

More Ways to Rank Petroleum Engineering Schools

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k” list to help you make the college decision.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k

The following schools top our list of the Best Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k.

Top 22 Best Value Master’s Degree Colleges for Petroleum Engineering (Income $30-$48k)

#1

Stanford University

Stanford, California
#1 in overall quality

You’ll be in good company if you decide to attend Stanford University. It ranked #1 on our 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Stanford University is a private not-for-profit institution located in Stanford, California. The school has a fairly large population, and it awarded 4 masters’s degrees in 2019-2020.

As a testament to the quality of education offered at Stanford, the school also landed the #1 spot in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Stanford University are $55,011, but you may pay more or less depending on your major.

Read full report on Petroleum Engineering at Stanford

You’ll be in good company if you decide to attend Texas A&M University - College Station. It ranked #2 on our 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Located in College Station, Texas, this large public school awarded 46 degrees to qualified masters’s petroleum engineering students in 2019-2020.

As a testament to the quality of education offered at Texas A&M College Station, the school also landed the #2 spot in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Texas A&M University - College Station are $22,743, but you may pay more or less depending on your major.

Full Texas A&M College Station Petroleum Engineering Report

#6 in overall quality

You’ll be in good company if you decide to attend Missouri University of Science and Technology. It ranked #3 on our 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Located in Rolla, Missouri, this medium-sized public school awarded 17 diplomas to qualified masters’s petroleum engineering students in 2019-2020.

Missouri University of Science and Technology also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #6. Average graduate tuition and fees at Missouri University of Science and Technology are $30,943, but some majors have different tuition rates.

Read full report on Petroleum Engineering at Missouri University of Science and Technology

#16 in overall quality

You’ll be in good company if you decide to attend University of Alaska Fairbanks. It ranked #4 on our 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Fairbanks, Alaska is the setting for this medium-sized institution of higher learning. The public school handed out masters’s petroleum engineering degrees to 6 students in 2019-2020.

UAF also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #16. Average graduate tuition and fees at University of Alaska Fairbanks are $24,287, but some majors have different tuition rates.

Read full report on Petroleum Engineering at UAF

#5

Colorado School of Mines

Golden, Colorado
#4 in overall quality

You’ll be in good company if you decide to attend Colorado School of Mines. It ranked #5 on our 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. This medium-sized school is located in Golden, Colorado, and it awarded 17 masters’s petroleum engineering degrees in 2019-2020.

Mines not only placed well in this ranking. It is also #4 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Colorado School of Mines are $39,800, but you may pay more or less depending on your major.

Read more about Petroleum Engineering at Mines

#21 in overall quality

With a ranking of #6, Oklahoma State University - Main Campus did quite well on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Oklahoma State University - Main Campus is located in Stillwater, Oklahoma and, has a large student population. In 2019-2020, this school awarded 4 masters’s petroleum engineering degrees to qualified students.

OSU also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #21. Average graduate tuition and fees at OSU are $23,963, but you may pay more or less depending on your major.

Read full report on Petroleum Engineering at Oklahoma State University - Main Campus

#7

Texas Tech University

Lubbock, Texas
#11 in overall quality

Texas Tech University came in at #7 in this year’s edition of the Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. Texas Tech is a large school located in Lubbock, Texas that handed out 9 masters’s petroleum engineering degrees in 2019-2020.

In addition to being on our master’s degree petroleum engineering students whose families make $30-$48k list, Texas Tech has also earned the #11 rank in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Texas Tech University are $17,530, but some majors have different tuition rates.

Read more about Petroleum Engineering at Texas Tech

#8

University of Wyoming

Laramie, Wyoming
#18 in overall quality

With a ranking of #8, University of Wyoming did quite well on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. University of Wyoming is a public institution located in Laramie, Wyoming. The school has a fairly large population, and it awarded 3 masters’s degrees in 2019-2020.

UW did well in our major quality rankings, too. It placed #18 on our “Best Petroleum Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UW are $16,615.

Read more about Petroleum Engineering at UW

#9

University of North Dakota

Grand Forks, North Dakota
#10 in overall quality

University of North Dakota landed the #9 spot on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. University of North Dakota is a fairly large school located in Grand Forks, North Dakota that handed out 5 masters’s petroleum engineering degrees in 2019-2020.

UND not only placed well in this ranking. It is also #10 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at UND are $18,326, but some majors have different tuition rates.

Full UND Petroleum Engineering Report

#10

University of Houston

Houston, Texas

University of Houston came in at #10 in this year’s edition of the Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. UH is a public institution located in Houston, Texas. The school has a large population, and it awarded 24 masters’s degrees in 2019-2020.

UH did well in our major quality rankings, too. It placed #13 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at University of Houston are $18,689, but you may pay more or less depending on your major.

Read full report on Petroleum Engineering at University of Houston

The University of Texas at Austin ranked #11 on this year’s Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. Austin, Texas is the setting for this large institution of higher learning. The public school handed out masters’s petroleum engineering degrees to 17 students in 2019-2020.

UT Austin did well in our major quality rankings, too. It placed #5 on our “Best Petroleum Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UT Austin are $22,886.

Read full report on Petroleum Engineering at The University of Texas at Austin

#12

West Virginia University

Morgantown, West Virginia
#17 in overall quality

West Virginia University did quite well in the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking, coming in at #12. This large school is located in Morgantown, West Virginia, and it awarded 5 masters’s petroleum engineering degrees in 2019-2020.

WVU did well in our major quality rankings, too. It placed #17 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at West Virginia University are $26,154, but you may pay more or less depending on your major.

Full WVU Petroleum Engineering Report

#19 in overall quality

Montana Technological University came in at #13 in this year’s edition of the Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. Montana Technological University is a public institution located in Butte, Montana. The school has a small population, and it awarded 3 masters’s degrees in 2019-2020.

Montana Tech also took the #19 spot in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Montana Technological University are $19,429, but some majors have different tuition rates.

Read full report on Petroleum Engineering at Montana Tech

#14

University of Utah

Salt Lake City, Utah
#20 in overall quality

University of Utah landed the #14 spot on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. U of U is a large public school situated in Salt Lake City, Utah. It awarded 5 masters’s petroleum engineering degrees in 2019-2020.

In addition to being on our master’s degree petroleum engineering students whose families make $30-$48k list, U of U has also earned the #20 rank in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at U of U are $24,695, but you may pay more or less depending on your major.

Read more about Petroleum Engineering at University of Utah

#15

University of Southern California

Los Angeles, California

University of Southern California did quite well in the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking, coming in at #15. Los Angeles, California is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s petroleum engineering degrees to 38 students in 2019-2020.

USC also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #3. Average graduate tuition and fees at University of Southern California are $48,715, but you may pay more or less depending on your major.

Read more about Petroleum Engineering at USC

#14 in overall quality

With a ranking of #16, University of Pittsburgh - Pittsburgh Campus did quite well on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. This large school is located in Pittsburgh, Pennsylvania, and it awarded 5 masters’s petroleum engineering degrees in 2019-2020.

In addition to being on our master’s degree petroleum engineering students whose families make $30-$48k list, Pitt has also earned the #14 rank in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at University of Pittsburgh - Pittsburgh Campus are $40,836, but you may pay more or less depending on your major.

Full Pitt Petroleum Engineering Report

#12 in overall quality

With a ranking of #17, Louisiana State University and Agricultural & Mechanical College did quite well on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k list. This large school is located in Baton Rouge, Louisiana, and it awarded 10 masters’s petroleum engineering degrees in 2019-2020.

Louisiana State University did well in our major quality rankings, too. It placed #12 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Louisiana State University and Agricultural & Mechanical College are $29,970, but you may pay more or less depending on your major.

Read full report on Petroleum Engineering at Louisiana State University

New Mexico Institute of Mining and Technology came in at #18 in this year’s edition of the Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. New Mexico Institute of Mining and Technology is located in Socorro, New Mexico and, has a small student population. In 2019-2020, this school awarded 2 masters’s petroleum engineering degrees to qualified students.

New Mexico Tech also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #0. Average graduate tuition and fees at New Mexico Tech are $25,602, but some majors have different tuition rates.

Full New Mexico Institute of Mining and Technology Petroleum Engineering Report

Texas A&M University - Kingsville did quite well in the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking, coming in at #19. Located in Kingsville, Texas, this medium-sized public school handed out 2 degrees to qualified masters’s petroleum engineering students in 2019-2020.

Texas A&M Kingsville also made our “Best Petroleum Engineering Master’s Degree Schools” list, coming in at #0. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Texas A&M Kingsville are $14,066.

Full Texas A&M Kingsville Petroleum Engineering Report

#8 in overall quality

University of Oklahoma Norman Campus came in at #20 in this year’s edition of the Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. Located in Norman, Oklahoma, this large public school handed out 25 degrees to qualified masters’s petroleum engineering students in 2019-2020.

University of Oklahoma did well in our major quality rankings, too. It placed #8 on our “Best Petroleum Engineering Master’s Degree Schools” list. Average graduate tuition and fees at University of Oklahoma are $23,236, but some majors have different tuition rates.

Full University of Oklahoma Norman Campus Petroleum Engineering Report

#21

University of Kansas

Lawrence, Kansas
#15 in overall quality

University of Kansas did quite well in the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking, coming in at #21. Located in Lawrence, Kansas, this large public school awarded 4 degrees to qualified masters’s petroleum engineering students in 2019-2020.

As a testament to the quality of education offered at KU, the school also landed the #15 spot in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at KU are $25,007, but some majors have different tuition rates.

Read more about Petroleum Engineering at KU

#22

University of Tulsa

Tulsa, Oklahoma
#7 in overall quality

University of Tulsa landed the #22 spot on the 2022 Best Value Petroleum Engineering Schools for a Master’s For Those Making $30-$48k ranking. University of Tulsa is a small school located in Tulsa, Oklahoma that handed out 16 masters’s petroleum engineering degrees in 2019-2020.

As a testament to the quality of education offered at University of Tulsa, the school also landed the #7 spot in our “Best Petroleum Engineering Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Tulsa are $24,080.

Full University of Tulsa Petroleum Engineering Report

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Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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