MartindaleConsultantsInc.

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Resources

The professionals at Martindale Consultants know industry knowledge and resources are key components of successful projects.  In this section are various COPAS and other resources that joint venture auditors or oil and gas accountants will use.

COPAS Economic Factors

COPAS, through its audit and joint interest standing committees, publishes indexes, economic factors, tables, etc. that are used by the oil and gas accounting industry.  Many of these factors are components of an operator’s accounting or used on a joint venture audit. MartiCons is not the author of any of these rates and percentages; we include them on our website for your convenience and use.

Casing and Tubing Threadloss Tables

Gulf of Mexico Block Abbreviations and Map

 

COPAS Annual Overhead Adjustment Factors

COPAS model form accounting procedures provide for an annual adjustment of the fixed rate overhead for drilling and producing wells using an index published by the Department of Labor, Bureau of Labor Statistics.  The BLS ceased publishing this particular index in 2003.  In 2004, the COPAS Joint Interest and Audit Committees created a replacement percentage from two other BLS indexes to allow the industry to continue to have a mechanism for adjusting overhead rates. Click the below link for an Excel calculator to help you to calculate a given period’s overhead rate.

Click here for a COPAS Adjustment Calculator

COPAS Overhead Adjustment Factors
DatePercentageDatePercentage
4/1/19631.60%4/1/19917.20%
4/1/19643.90%4/1/19921.50%
4/1/19650.80%4/1/1993(1.10%)
4/1/19662.20%4/1/19944.80%
4/1/19673.60%4/1/19954.40%
4/1/19685.40%4/1/19964.10%
4/1/19691.90%4/1/19972.00%
4/1/19707.00%4/1/199810.30%
4/1/19715.90%4/1/19995.80%
4/1/19728.90%4/1/2000(0.50%)
4/1/19737.50%4/1/20016.00%
4/1/19745.20%4/1/2002(1.90%)
4/1/197516.70%4/1/2003(3.10%)
4/1/197610.30%4/1/20042.30%
4/1/197710.50%4/1/20053.50%
4/1/197810.30%4/1/20065.10%
4/1/197911.00%4/1/20076.40%
4/1/19809.30%4/1/20087.70%
4/1/19819.30%4/1/20097.50%
4/1/198213.00%4/1/20101.90%
4/1/19839.90%4/1/2011(0.70%)
4/1/19845.90%4/1/20126.10%
4/1/19852.70%4/1/20137.40%
4/1/19864.40%4/1/20142.50%
4/1/19874.50%4/1/20154.30%
4/1/1988(1.40%)4/1/2016(3.20%)
4/1/19893.30%4/1/20175.50% 
4/1/19908.10%  
 

COPAS Employee Benefits Limitation Percentages

Recent COPAS model form accounting procedures provide that charges for employee benefits will be based on the operator's costs of providing the benefits, not to exceed the percentage most recently recommended by COPAS.  The COPAS Employee Benefits Subcommittee uses a procedure based on data from the Bureau of Labor Statistics to calculate the annual rate.  COPAS approves a new rate each Fall, which goes into effect January 1 of the following year.

Employee Benefits Limitations
YearPercentageYearPercentage
198820%200428%
198920%200532%
199020%200632%
199119%200733%
199222%200836%
199323%200935%
199422%201030%
199523%201138%
199623%201238%
199723%201337%
199822%201434%
199921%201533%
200020%201636%
200126%201736%
200226%2018 35%
200327%  

Note:Effective January 1st of the given year. 

 

COPAS Annual Audit Per Diem Rates

The audit per diem rate is published annually by the COPAS Audit Committee for use by non-operators to facilitate audit cost sharing on audits conducted in the U.S.  The Audit Committee uses a Professional and Technical index published by the Bureau of Labor Statistics to calculate the per diem rate to be approved by COPAS.  The audit per diem rate is not intended for use in establishing rates paid to contract auditors or auditing firms.

COPAS Audit Per Diem Rates
Effective DateRate
4/1/2006 $  640
4/1/2007675
4/1/2008710
4/1/2009740
4/1/2010770
4/1/2011800
4/1/2012815
4/1/2013825
4/1/2014840
4/1/2015870
4/1/2016890
4/1/2017910
 

COPAS Published Annual Workers’ Compensation Insurance Manual Rates

To facilitate accounting for and charging Workers’ Compensation insurance for self-insured operators, COPAS contracts with a third party to annually determine manual rates for each most states and four job classifications, with applicable USL&HW (Jones Act) factors; COPAS then provides these rates to the industry.

2017 Workers' Compensation Manual Rates
State Class Codes (per $100 of payroll)   USL&HW
Factor
1320623582278810
Alabama$1.90$11.36$8.12$0.25$2.09
Alaska1.384.715.830.571.61
Arizona2.555.956.290.21.12
Arkansas1.173.673.220.131.64
California2.145.647.520.52N/A
Colorado1.676.474.330.181.38
Florida2.5213.238.320.261.92
Georgia3.6313.3110.730.221.43
Idaho1.936.924.160.271.17
Illinois12.3832.668.660.171.28
Indiana3.334.942.720.151.6
Iowa2.418.715.350.291.99
Kansas4.4413.553.490.151.53
Kentucky4.7118.324.510.171.3
Louisiana2.469.695.380.322.06
Maryland3.488.19.680.161.46
Michigan0.9310.23.40.111.67
Mississippi2.5514.335.490.291.86
Missouri2.5310.15.420.211.41
Montana3.258.295.940.522.19
Nebraska5.5911.113.760.191.76
Nevada4.2515.6210.070.331.19
New Jersey4.038.4210.210.31.5
New Mexico1.757.875.490.321.63
New York12.7615.8823.210.281.488
North Carolina2.78.145.920.181.98
North Dakota4.048.063.420.27N/A
Ohio2.8541.870.12N/A
Oklahoma2.267.574.430.281.89
Oregon2.456.233.490.171.89
Pennsylvania4.746.754.740.21.7443
South Carolina2.7911.058.130.261.66
South Dakota1.986.465.10.261.45
Tennessee2.4916.464.940.22.47
Texas1.176.532.490.111.58
Utah1.356.372.790.121.57
Virginia3.917.145.370.121.7
Washington1.85833.92581.85830.1441N/A
West Virginia2.57.25.10.181.76
Wyoming0.682.812.310.41N/A
2016 Workers' Compensation Manual Rates
StateClass Codes (per $100 of payroll)USL&HW
Factor
1320623582278810
Alabama$ 2.44$ 10.65$ 8.76$ 0.28 2.11
Alaska1.485.345.720.571.30
Arizona3.927.297.740.231.10
Arkansas1.204.293.550.141.66
California2.437.028.610.60N/A
Colorado2.007.084.170.191.41
Florida2.2311.667.400.232.20
Georgia4.0913.7510.140.221.46
Idaho2.057.663.770.281.18
Illinois14.3637.429.740.191.29
Indiana4.656.542.970.161.61
Iowa2.6410.026.800.302.01
Kansas4.2814.963.720.171.54
Kentucky5.6520.684.970.181.31
Louisiana2.6710.535.940.342.09
Maryland4.929.499.640.181.47
Michigan1.1313.543.770.111.67
Mississippi2.6715.495.940.331.88
Missouri3.0610.855.380.221.42
Montana4.2210.006.430.582.24
Nebraska4.9710.993.920.201.77
Nevada3.8413.559.980.371.21
New Jersey4.409.4410.340.321.50
New Mexico1.799.545.840.401.63
New York14.3914.9618.340.261.50
North Carolina3.2710.256.270.221.91
North Dakota4.708.233.760.32N/A
Ohio2.975.612.020.23N/A
Oklahoma2.278.234.190.311.95
Oregon2.727.123.490.181.93
Pennsylvania5.047.805.040.231.77
South Carolina2.9711.287.420.271.67
South Dakota2.106.895.260.291.46
Tennessee3.2113.864.980.192.43
Texas1.357.022.780.131.61
Utah1.907.163.480.151.60
Virginia3.3019.175.070.121.71
Washington1.753.811.750.14N/A
West Virginia2.8410.476.660.211.78
Wyoming0.863.532.690.37N/A
Additional Files:
 

COPAS Annual Vehicle Rates

COPAS model form accounting procedures allow use of Petroleum Motor Transport Association (PMTA) rates as an option to bill costs of operator-owned vehicles to the Joint Account. The PMTA organization disbanded effective January 1, 2014. COPAS created a Vehicle Rates Subcommittee to determine annual vehicle rates so the industry would continue to have a mechanism for billing vehicle costs to non-operators.

Vehicle TypeRate per Mile
April 1, 2014April 1, 2015April 1, 2016April 1, 2017
Passenger Cars$ 0.43$ 0.47$ 0.48$ 0.49 
1/2-ton pickups (2WD)0.580.570.510.53 
1/2-ton pickups (4WD)0.620.600.540.59 
3/4-ton pickups (2WD)0.660.600.560.55 
3/4-ton pickups (4WD)0.700.640.580.57 
One-ton pickups (2WD)0.640.610.550.56 
One-ton pickups (4WD)0.690.640.580.59 
SUV (2WD)0.670.670.610.66 
SUV (4WD)0.700.720.640.69 
 

COPAS Annual Loading and Unloading Rates

Loading and unloading costs can be an element of material pricing. Some COPAS model form accounting procedures state the Operator may use specified loading and unloading rates that are adjusted annually by the same percentage used to adjust overhead rates (rounded to the nearest cent). 

Loading and Unloading Rates
Effective
Date
Rate Per
Hundred Weight
April 1, 2004$ 0.49
April 1, 20050.51
April 1, 20060.54
April 1, 20070.57
April 1, 20080.61
April 1, 20090.66
April 1, 20100.67
April 1, 20110.67
April 1, 20120.71
April 1, 20130.76
April 1, 20140.78
April 1, 20150.81
April 1, 20160.78
April 1, 20170.82
 

Pressure Base Conversion Table (Mcf)

Current
Press. Base
Converted Volume
14.6514.7315.025
14.6501.00000.99460.9750
14.7301.00551.00000.9804
15.0251.02561.02001.0000
 

Casing and Tubing Threadloss Tables

When an auditor reconciles casing and tubing, treadloss (or make-up loss) must be accounted for. Each type of casing and tubing has a different treadloss factor, based on the grade, weight, and end type.


Make-Up Loss Factors

TUBING
 
Size
O.D.
Inches
EUENUEButtress
Range
1
Range
2
Range
1
Range
2
Range
1
Range
2
 
2.375 1.0073 1.0054 1.0062 1.0045 1.0161 1.0107
2.8751.00801.00591.00781.00581.01611.0107
3.5001.00901.00661.00871.00651.01611.0107
4.0001.00951.00701.00901.00661.01721.0114
4.5001.00991.00741.00971.00721.01831.0121
Note: Most tubing is Range 2 (29-35'); Range 3 is 37-45' joints

Make-Up Loss Multiplication Factors
     
CASING
 
Size
O.D.
Inches
Short T&CLong T&CButtress T&C
Range
2
Range
3
Range
2
Range
3
Range
2
Range
3
       
4.5001.00731.00551.00831.00621.01091.0082
5.0001.00761.00571.00941.00701.01131.0085
5.5001.00801.00601.00971.00731.01141.0086
6.6251.00871.00651.01081.00811.01201.0090
7.0001.00871.00651.01111.00831.01251.0094
7.6251.00901.00681.01151.00861.01301.0098
8.6251.00941.00701.01251.00941.01341.0100
9.6251.00941.00701.01321.00991.01341.0100
10.7501.00971.0073--1.01341.0100
11.7501.00971.0073--1.01341.0100
13.3751.00971.0073--1.01341.0100
16.0001.01111.0083--1.01341.0100
18.6251.01111.0083--1.01341.0100
20.0001.01111.00831.01461.01091.01341.0100
       Multiply section length times above factor to determine amount of loss      
 

Gulf of Mexico Abbreviations

Gulf of Mexico (GOM) Field Directory
Western GOMCentral GOMEastern GOM
Map NameAbbreviationMap NameAbbreviationMap NameAbbreviation
South Padre IslandPSWest Cameron AreaWCPensacolaPE
North Padre IslandPNEast Cameron AreaECDestin DomeDD
Mustang IslandMUVermilion AreaVRApalachicolaAP
Matagorda IslandMISouth Marsh Island SMGainesvilleGV
BrazosBAEugene Island AreaEIDe Soto CanyonDC
GalvestonGAShip Shoal AreaSSFlorida Middle GroundFM
High IslandHISouth Timbalier AreaSTTarpon SpringsTP
Sabine Pass (TX)SXSouth Pelto AreaPLLloyd RidgeLL
Corpus ChristiCCBay Marchand AreaBMThe ElbowEL
East BreaksEBGrand Isle AreaGISt. PetersburgPB
Garden BanksGBWest Delta AreaWDHendersonHE
Port IsabelPILloyd RidgeLLVernon BasinVN
Alaminos CanyonACKeathley CanyonKCCharlotte HarborCH
Keathley CanyonKCWalker RidgeWRPulley RidgePR
Sigsbee EscarpmentSELundLUDry TortugasDT
  Amery TerraceAMMiamiMA
  Lund SouthLSKey WestKW
  South Pass AreaSPHowell HookHH
  Main Pass AreaMPRankinRK
  Breton Sound AreaBSFlorida PlainFP
  Chandeleur AreaCACampeche EscarpmentCE
  Sabine Pass Area SATortugas ValleyTV
  MobileMO  
  PensacolaPE  
  Viosca KnollVK  
  Destin DomeDD  
  Ewing BankEW  
  Mississippi CanyonMC  
  De Soto CanyonDC  
  Garden BanksGB  
  Green CanyonGC  
  Atwater ValleyAT  
  HendersonHE  
  Sigsbee EscarpmentSE  
  Florida PlainFP