Chevron
North America Crude Oil Marketing - December 2001 Summary East of the Rockies Bulletins 01-E232 to 01-E251, 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 RockiesE232
12/01
E233
12/03
E234
12/04
E235
12/05
E236
12/06
E237
12/07
E238
12/10
E239
12/11
E240
12/12
E241
12/13
E242
12/14
Gvty
Adj*
Altamont Yellow Wax19.6920.3119.9019.7418.7919.2918.6218.3318.6118.3719.48B
Bonito Sour (Onshore)18.0018.5018.2518.0017.0017.5016.7516.5016.7516.5017.75A
Deepwater Sour (Onshore) (30°)14.7515.5015.0015.0014.0014.5013.7513.5013.7513.5014.75F,G
East Texas18.7019.3218.9118.7517.8018.3017.6317.3417.6217.3818.49none
Eugene Island Sour (Onshore)17.5018.2517.7517.5016.7517.2516.5016.2516.5016.2517.25A
Heavy Louisiana Sweet (Onshore)19.2519.7519.5019.2518.2518.7518.0017.7518.0017.7519.00A
Light Louisiana Sweet (Onshore)19.2519.7519.2519.2518.2518.7518.0017.7518.0017.7519.00A
New Mexico Intermediate18.9019.5219.1118.9518.0018.5017.8317.5417.8217.5818.69none
New Mexico Sour (34°)17.0717.6917.2817.1216.1716.6716.0015.7115.9915.7516.86none
North Texas Sweet18.3218.9418.5318.3717.4217.9217.2516.9617.2417.0018.11none
Oklahoma Sour17.0717.6917.2817.1216.1716.6716.0015.7115.9915.7516.86none
Oklahoma Sweet19.1919.8119.4019.2418.2918.7918.1217.8318.1117.8718.98none
South Texas Light Sweet17.5718.1917.7817.6216.6717.1716.5016.2116.4916.2517.36none
Southwest Wyoming Sweet20.2420.8620.4520.2919.3419.8419.1718.8819.1618.9220.03E
Uinta Basin Black Wax16.1916.8116.4016.2415.2915.7915.1214.8315.1114.8715.98B
West Texas Intermediate18.3718.9918.5818.4217.4717.9717.3017.0117.2917.0518.16none
West Texas Sour (34°)16.6117.2316.8216.6615.7116.2115.5415.2515.5315.2916.40none
Western Colorado20.2320.8520.4420.2819.3319.8319.1618.8719.1518.9120.02B
East of the RockiesE243
12/17
E244
12/18
E245
12/19
E246
12/20
E247
12/21
E248
12/26
E249
12/27
E250
12/28
E251
12/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax19.4719.6120.0519.5319.8721.5221.1520.6620.09 19.7132
Bonito Sour (Onshore)17.7517.7518.2517.7518.0019.7519.5019.0018.25 17.9355
Deepwater Sour (Onshore) (30°)14.5014.7515.2514.7515.0016.7516.2515.7515.25 14.8710
East Texas18.4818.6219.0618.5418.8820.5320.1619.6719.10 18.7232
Eugene Island Sour (Onshore)17.2517.5018.0017.5017.7519.2519.0018.5018.00 17.5806
Heavy Louisiana Sweet (Onshore)19.0019.0019.5019.0019.2521.0020.7520.2519.50 19.1855
Light Louisiana Sweet (Onshore)19.0019.0019.5019.0019.2521.0020.5020.0019.50 19.1452
New Mexico Intermediate18.6818.8219.2618.7419.0820.7320.3619.8719.30 18.9232
New Mexico Sour (34°)16.8516.9917.4316.9117.2518.9018.5318.0417.47 17.0932
North Texas Sweet18.1018.2418.6818.1618.5020.1519.7819.2918.72 18.3432
Oklahoma Sour16.8516.9917.4316.9117.2518.9018.5318.0417.47 17.0932
Oklahoma Sweet18.9719.1119.5519.0319.3721.0220.6520.1619.59 19.2132
South Texas Light Sweet17.3517.4917.9317.4117.7519.4019.0318.5417.97 17.5932
Southwest Wyoming Sweet20.0220.1620.6020.0820.4222.0721.7021.2120.64 20.2632
Uinta Basin Black Wax15.9716.1116.5516.0316.3718.0217.6517.1616.59 16.2132
West Texas Intermediate18.1518.2918.7318.2118.5520.2019.8319.3418.77 18.3932
West Texas Sour (34°)16.3916.5316.9716.4516.7918.4418.0717.5817.01 16.6332
Western Colorado20.0120.1520.5920.0720.4122.0621.6921.2020.63 20.2532
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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