Chevron
North America Crude Oil Marketing - January 2015 Summary East of the Rockies Bulletins 15-E2 to 15-E22, 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 RockiesE2
01/02
E3
01/05
E4
01/06
E5
01/07
E6
01/08
E7
01/09
E8
01/12
E9
01/13
E10
01/14
E11
01/15
E12
01/16
Gvty
Adj*
Altamont Yellow Wax35.6933.0430.9331.6531.7931.3629.0728.8931.4829.2531.69
Rocky Mountain Condensate40.6938.0435.9336.6536.7936.3634.0733.8936.4834.2536.69
Southwest Wyoming Sweet45.4442.7940.6841.4041.5441.1138.8238.6441.2339.0041.44
Uinta Basin Black Wax34.6932.0429.9330.6530.7930.3628.0727.8930.4828.2530.69
Western Colorado41.6939.0436.9337.6537.7937.3635.0734.8937.4835.2537.69
East of the RockiesE14
01/20
E15
01/21
E16
01/22
E17
01/23
E18
01/26
E19
01/27
E20
01/28
E21
01/29
E22
01/30
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax29.3930.7829.3128.5937.4038.4836.7036.7840.49 32.7700
Rocky Mountain Condensate34.3935.7834.3133.5933.1534.2332.4532.5336.24 35.9797
Southwest Wyoming Sweet39.1440.5339.0638.3437.9038.9837.2037.2840.99 40.7297
Uinta Basin Black Wax28.3929.7828.3127.5936.4037.4835.7035.7839.49 31.7700
Western Colorado35.3936.7835.3134.5934.1535.2333.4533.5337.24 36.9797
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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