Overall this past year saw some interesting hiring opportunities for experienced Landmen, particularly for those with strong expertise in the Permian, in addition to roles in the Haynesville. That said, average base salaries were down slightly, from $152k to $150k, which we again chalk up to the departure of industry veterans and their larger salaries. For early-career landman (0-5 years of experience) and staff / senior staff level landmen (5-10 years) we saw decent hiring demand and a slight increase in average base salary. The rest of the experience bands (11-20, 21-30 and 30+ years of experience) average base salaries were flat or slightly down from 2022. 

The demand for Landmen won’t experience a sudden surge this year, particularly with these huge A&D deals closing over the course of the year. While major layoffs are unlikely in 2024, companies that do look to add experienced Landmen will be meticulous in their hiring, and they will have plenty of interested candidates to interview and hire. 

Within E&P, particularly for the gas-focused players, we’re not anticipating much landmen hiring as operators reserve any staff additions in operations for bringing additional engineers on board. Outside of just down-the-fairway upstream oil & gas, niche areas like carbon capture and storage (CCS) projects are starting to hire more consistently, potentially offering specialized Landmen a chance to gain new experience while leaning on their training and established skills. We would include some of the alternative energy companies in this bucket as well. These jobs will likely not pay as much as in-house E&P positions, but they could prove to be interesting from a career pivot standpoint. 

As we saw in 2023, the Petroleum Landman of 2024 needs to be adaptable, blending technical expertise with business acumen and technology-savvy. Familiarity with data analysis, lease management software, and even GIS technology are key to being a top candidate, as is keeping that professional network fresh and active.

 

LANDMAN BASE SALARY      

ANNUAL CASH BONUS 

OVERALL AVERAGE 

$150,080 

21% of base salary

 

EXPERIENCE DATA 

0-4 Years’ Experience 

$100,005 

15% 

5-10 Years’ Experience 

$140,218 

20% 

11-20 Years’ Experience 

$168,677 

23% 

21-30 Years’ Experience 

$170,220 

25% 

31+ Years’ Experience 

$171,303 

22% 

 

 

REGIONAL DATA 

Dallas/Fort Worth Metro 

$141,425 

19% 

Denver/Rockies 

$140,210 

18% 

Houston Metro 

$166,465 

23% 

Midland 

$167,922 

21% 

Mid-Continent 

$144,266 

20% 

 

ADDITIONAL COMPENSATION 

STOCK 

57% participate in a company stock program 

BONUS 

77% receive an annual cash bonus 

PAID TIME OFF

Average 3.3 weeks