COPAS provides the following information as a resource and convenience to the industry.  Also, some frequently asked questions related to these factors are addressed on the Questions & Answers page.

COPAS Overhead Adjustment Factors +7.5, effective April 1, 2009
COPAS Accounting Procedures provide for an annual adjustment of the fixed rate overhead for drilling and producing wells.   Click here for your COPAS Overhead Adjustment Factors. 

Employee Benefits Percentage – Upper Limitation - 30%, effective January 1, 2010
Certain accounting procedures allow the operator to charge its actual cost of providing employee benefits, not to exceed the percentage most recently recommended by COPAS. COPAS conducts an annual survey of payroll and benefits to determine the resulting rate, which is effective January 1 of the applicable year. Please click here to view the Employee Benefits Limitation Percentages Chart for historical data.

Audit Per Diem Rate - $740, effective April 1, 2009
The audit per diem rate is intended for use by non-operators to establish benchmarks when sharing audit costs for audits conducted in the U.S. It is not intended for use in establishing rates paid to contract auditors or auditing firms. COPAS no longer publishes a per diem rate for audits conducted outside the U.S.  Please click here to review the 2006 through 2009 Audit per diem rates.

Workers’ Compensation Insurance Manual Rates - effective April 1, 2009 (See tables below)
Attached please find COPAS published Workers’ Compensation Manual Rates for the years 2009, 2008, 2007 2006, 2005 and examples of the application of the Workers' Copmpensation Manual Rates. The rates, which vary by job classification and state, are effective January 1 of the applicable year.  For more information, refer to COPAS MFI-31 available from our On-line Store & Publications.

2009 Worker's Compensation Manual Rates
2008 Worker's Compensation Manual Rates
2007 Worker's Compensation Manual Rates
2006 Worker's Compensation Manual Rates
2005 Worker's Compensation Manual Rates
Examples of the application of Workers' Compensation Manual Rates

Loading and Unloading Rate - $0.66 per hundred weight, effective April 1, 2009
Loading and unloading costs are an element of material pricing. Certain COPAS Model Form Accounting Procedures state the Operator may use specified loading and unloading rates that are adjusted by the same percentage used to adjust overhead rates (rounded to the nearest cent). Please click here to view the 2004 through 2009 loading & unloading rates.  The resulting rate is effective April 1 of the applicable year. For more information, refer to COPAS MFI-38 available from our On-line Store & Publications.

Used-Equipment Percentages – 75%/65%* for B condition, 50% for C condition, effective January 1, 2010
Used equipment transferred between properties with different ownership or between a property and a warehouse, is valued at a percentage of the current new prices times the condition value. While most COPAS Model Form Accounting Procedures (APs) provide for a fixed percentage that corresponds to the condition of the equipment, the 1995 and Project Team APs have an option for used material to be priced at the “percentage most recently recommended by COPAS.” For this reason, COPAS conducts an annual survey to determine the used-equipment percentages that are effective January 1 of the applicable year.

* B Condition material is charged at 75% of current new price. B condition material is credited at 75% of current new price if the material was new when it was charged to the property, or at 65% if the material was used when it was charged to the property. C condition material is always charged and credited at 50% of current market value, subject to certain provisions concerning reconditioning costs.

Tubular Pricing Updates and HPMs
The posting of HPMs (Historical Price Multipliers) as well as tubular pricing updates on this website was suspended in January 2007. The HPMs developed for 2007 and thereafter are designed to work only with the new web-based CEPS product. Annual subscriptions to CEPS are available from our On-line Store & Publications. 

Petroleum Motor Transport Association  (PMTA)
Certain COPAS Accounting Procedures allow for the use of PMTA rates in lieu of actual costs of automotive equipment.  These rates are available from the Petroleum Motor Transport Association.  Please call Larry Caigle at 417-626-8250 or email at pmta@cableone.net.