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.

      COPAS OVERHEAD ADJUSTMENT
YR ADJ.    YR ADJ    YR ADJ.
1962     1985 2.7%   2008 7.7%
1963 1.6%   1986 4.4%   2009 7.5%
1964 3.9%   1987 4.5%   2010 1.9%
1965 0.8%   1988 -1.4%   2011 -0.7%
1966 2.2%   1989 3.3%   2012 6.1%
1967 3.6%   1990 8.1%   2013 7.4%
1968 5.4%   1991 7.2%   2014  2.5%
1969 1.9%   1992 1.5%   2015 4.3%
1970 7.0%   1993 -1.1%   2016 -3.2%
1971 5.9%   1994 4.8%   2017 5.5%
1972 8.9%   1995 4.4%   2018 1.5%
1973 7.5%   1996 4.1%   2019 4.7%
1974 5.2%   1997 2.0%      
1975 16.7%   1998 10.3%      
1976 10.3%   1999 5.8%      
1977 10.5%   2000 -0.5%      
1978 10.3%   2001 6.0%      
1979 11.0%   2002 -1.9%      
1980 9.3%   2003 -3.1%      
1981 9.3%   2004 2.3%      
1982 13.0%   2005 3.5%      
1983 9.9%   2006 5.1%      
1984 5.9%   2007 6.4%      

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.


Ernst & Young Fixed-Rate Overhead Survey  Last survey reported 2005.