COPAS & Overhead

SPEE makes no representations as to the accuracy or completeness of this summary information.

COPAS, the Council of Petroleum Accountants Societies, Inc., computes the percentage wage Index Adjustment that is effective on April 1st of each year.  This factor is commonly referenced by joint operating agreements and used to adjust the overhead rate. 1962 was the base index year, and the first adjustment was issued for 1963.  The adjustments are as follows and can be referenced at the site listed below.

YEAR

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

ADJ.

–

1.6%

3.9%

0.8%

2.2%

3.6%

5.4%

1.9%

7.0%

5.9%

8.9%

7.5%

5.2%

16.7%

10.3%

10.5%

10.3%

11.0%

9.3%

9.3%

13.0%

9.9%

5.9%

YEAR

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

ADJ.

2.7%

4.4%

4.5%

-1.4%

3.3%

8.1%

7.2%

1.5%

-1.1%

4.8%

4.4%

4.1%

2.0%

10.3%

5.8%

-0.5%

6.0%

-1.9%

-3.1%

2.3%

3.5%

5.1%

6.4%

YEAR

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

ADJ.

7.7%

7.5%

1.9%

-0.7%

6.1%

7.4%

2.5%

4.3%

-3.2%

5.5%

1.5%

4.7%

5.2%

0.9%

For more information or other COPAS information, please view the COPAS home page at:
http://www.copas.org/

For up to date COPAS rates see: https://www.copas.org/resources/economic-factors/ and then select COPAS Overhead Adjustment Factors.

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