Chevron
North America Crude Oil Marketing - May 1999 Summary East of the Rockies Bulletins 99-E72 to 99-E89, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 a.m. on the date(s) indicated, and subject to change without notice and subject to the terms and conditions of its division orders or other contracts, Chevron will pay the following prices ($/bbl) for oil at 40.0° API and above, except as noted below, delivered into pipelines for its account into the custody of its authorized carrier or receiving agent. The posted prices for crude oil transported by truck or barge will be the following prices less appropriate trucking or barge cost. The posted prices for crude oil received off shore will be the following prices less appropriate transportation and quality costs to get the crude on shore. Regarding technical issues of Chevron's most recent posted prices, call Christine Mathwig 832-854-5159.

* Prices are subject to a Gravity Adjustment Scale
East of the RockiesE72
05/03
E73
05/04
E74
05/06
E75
05/07
E76
05/11
E77
05/12
E78
05/13
E79
05/14
E80
05/17
E81
05/18
Gvty
Adj*
Altamont Yellow Wax18.7519.0018.2518.5018.0017.5018.0018.0018.0017.00B
Deepwater Sour (Onshore) (30°)16.0016.0015.2515.2514.7514.2514.7514.7514.5013.50F,G
East Texas17.7518.0017.2517.5017.0016.5017.0017.0017.0016.00FLAT
New Mexico Intermediate18.0018.2517.5017.7517.2516.7517.2517.2517.2516.25C
New Mexico Sour (34°)16.7516.7516.0016.2515.7515.2515.7515.5015.5014.50D
North Texas Sweet18.0018.2517.5017.7517.2516.7517.2517.2517.2516.25C
Oklahoma Sour16.7516.7516.0016.2515.7515.2515.7515.5015.5014.50B
Oklahoma Sweet18.0018.2517.5017.7517.2516.7517.2517.2517.2516.25A
South Louisiana Sour (Onshore)17.0017.0016.5016.7516.2515.7516.2516.0016.0015.25A
South Louisiana Sweet (Onshore)17.5017.5017.0017.2516.7516.2516.7516.5016.5015.75A
South Texas Light Sweet17.5017.7517.0017.2516.7516.2516.7516.7516.7515.75C
Southwest Wyoming Sweet19.5019.7519.0019.2518.7518.2518.7518.7518.7517.75E
Texas Gulf Coast (Onshore)17.7518.0017.2517.5017.0016.5017.0017.0017.0016.00C
Uinta Basin Black Wax15.2515.5014.7515.0014.5014.0014.5014.5014.5013.50B
West Texas Intermediate18.0018.2517.5017.7517.2516.7517.2517.2517.2516.25C
West Texas Sour (34°)16.7516.7516.0016.2515.7515.2515.7515.5015.5014.50D
Western Colorado19.0019.2518.5018.7518.2517.7518.2518.2518.2517.25B
East of the RockiesE82
05/19
E83
05/20
E84
05/21
E85
05/24
E86
05/25
E87
05/26
E88
05/27
E89
05/28
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax17.0017.0017.2517.0017.2517.2517.2516.75 17.7581
Deepwater Sour (Onshore) (30°)13.5013.5013.7513.5013.7514.0014.0013.50 14.4919
East Texas16.0016.0016.2516.0016.2516.2516.2515.75 16.7581
New Mexico Intermediate16.2516.2516.5016.2516.5016.5016.5016.00 17.0081
New Mexico Sour (34°)14.2514.5015.0014.7514.7515.0015.0014.50 15.4597
North Texas Sweet16.2516.2516.5016.2516.5016.5016.5016.00 17.0081
Oklahoma Sour14.2514.5015.0014.7514.7515.0015.0014.50 15.4597
Oklahoma Sweet16.2516.2516.5016.2516.5016.5016.5016.00 17.0081
South Louisiana Sour (Onshore)15.0015.2515.2515.2515.2515.2515.2515.00 15.8871
South Louisiana Sweet (Onshore)15.5015.7516.0015.7515.7516.0015.7515.50 16.4194
South Texas Light Sweet15.7515.7516.0015.7516.0016.0016.0015.50 16.5081
Southwest Wyoming Sweet17.7517.7518.0017.7518.0018.0018.0017.50 18.5081
Texas Gulf Coast (Onshore)16.0016.0016.2516.0016.2516.2516.2515.75 16.7581
Uinta Basin Black Wax13.5013.5013.7513.5013.7513.7513.7513.25 14.2581
West Texas Intermediate16.2516.2516.5016.2516.5016.5016.5016.00 17.0081
West Texas Sour (34°)14.2514.5015.0014.7514.7515.0015.0014.50 15.4597
Western Colorado17.2517.2517.5017.2517.5017.5017.5017.00 18.0081
Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with provisions of API Standard 1101 or from 100% tank tables with corrections of volume and gravity for temperature to 60°F in accordance with ASTM D-1250 and supplements thereto, if any, and with deductions for full sediment, water and other impurities. Only merchantable oil acceptable to the receiving agency designated by Chevron and containing not more than 1% sediment and water will be accepted.

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