LOUISIANA AVERAGE CRUDE OIL PRICES
(Dollars per Barrel)

		SOUTH LOUISIANA SWEET		ALL GRADES AT WELLHEAD
		Spot	Refinery		OCS	Severance	State
DATE		Market	Posted	State²	Gulf²	Tax³	Royalty

1960		N/A	N/A	3.14	2.94	N/A	N/A
1961		N/A	N/A	3.15	3.14	N/A	N/A
1962		N/A	N/A	3.15	3.11	N/A	N/A
1963		N/A	N/A	3.12	3.19	N/A	N/A
1964		N/A	3.19	3.11	3.07	N/A	3.06
1965		N/A	3.19	3.10	3.06	N/A	3.01
1966		N/A	3.30	3.11	3.07	N/A	3.19
1967		N/A	3.26	3.12	3.08	N/A	3.41
1968		N/A	3.29	3.14	3.10	N/A	3.47
1969		N/A	3.44	3.30	3.26	N/A	3.31
1970		N/A	3.54	3.38	3.34	N/A	3.04
1971		N/A	3.75	3.59	3.57	N/A	3.59
1972		N/A	3.75	3.59	3.55	N/A	3.59
1973		N/A	4.32	4.00	4.14	N/A	4.11
1974		N/A	5.51	6.53	6.75	N/A	6.29
1975		N/A	8.87	7.09	7.51	6.88	6.65
1976		N/A	11.74	7.51	8.14	7.39	6.75
1977		N/A	12.25	8.33	9.00	7.79	7.38
1978		N/A	14.30	9.03	9.86	8.59	8.27
1979		N/A	24.83	11.42	11.23	10.23	9.99
1980		N/A	37.79	19.87	18.87	17.64	17.74
1981		N/A	36.13	35.45	35.07	33.07	35.08
1982		N/A	32.91	32.44	32.61	33.55	32.33
1983		30.63	30.63	30.02	29.77	30.38	28.64
1984		29.64	30.04	29.67	29.36	29.98	29.44
1985		28.42	27.86	27.22	27.33	27.18	27.40
1986		14.72	15.71	15.32	15.27	17.23	15.78
1987		19.38	18.52	17.97	17.54	17.55	17.85
1988		16.13	15.75	15.22	14.71	16.38	14.67
1989		19.75	18.97	18.39	17.83	17.87	17.92
1990		25.11	23.35	23.04	22.40	22.54	22.76



January		25.21	23.69	23.21	22.60	27.45	23.09
February		20.41	19.84	19.37	18.79	24.15	19.26
March		20.05	19.08	18.70	17.95	20.28	18.51
April		20.88	20.04	19.55	18.93	18.91	19.33
May		21.30	20.38	19.86	19.32	19.79	19.54
June		20.31	19.25	18.73	18.27	20.19	18.63
July		21.72	20.44	19.98	19.26	19.15	19.74
August		22.06	20.62	20.15	19.39	20.02	20.04
September		21.30	20.96	20.63	19.56	18.93	20.28
October		24.01	22.41	22.03	20.93	22.02	21.77
November		23.16	21.66	21.23	20.26	21.41	21.01
December		19.93	18.77	18.34	17.50	21.30	17.64
1991 Average		21.70	20.60	20.15	19.40	21.13	19.90


January		18.93	17.94	17.58	16.64	18.61	17.25
February		19.19	18.01	17.60	16.62	18.20	17.29
March		19.15	17.96	17.49	16.57	17.36	17.21
April		20.54	19.41	18.86	17.87	17.22	18.71
May		21.34	20.16	19.69	18.79	18.90	19.37
June		22.68	21.61	21.09	20.23	19.06	20.77
July		21.80	20.98	20.50	19.71	21.07	21.35
August		21.52	20.51	19.72	19.27	20.45	19.86
September		22.05	21.02	20.00	19.88	20.37	20.14
October		21.75	20.87	19.70	19.59	20.69	20.37
November		20.72	19.51	18.35	18.16	20.54	18.85
December		19.59	18.60	17.57	17.27	19.24	18.06
1992 Average		20.77	19.72	19.01	18.38	19.31	19.10


January		19.19	18.16	17.67	16.96	18.41	17.63
February		20.13	19.09	18.55	17.88	17.98	18.54
March		20.30	19.22	18.84	18.07	18.46	18.71
April		20.22	19.14	17.79	18.00	18.68	18.91
May		20.11	18.81	18.36	17.73	18.64	18.24
June		19.12	17.84	17.38	16.68	18.49	17.43
July		17.95	16.52	16.14	15.53	17.46	16.06
August		18.30	16.72	16.29	15.66	16.19	16.28
September		17.67	16.17	15.15	15.04	16.48	15.75
October		18.28	16.90	16.44	15.58	16.42	16.38
November		16.76	15.43	15.07	14.48	16.09	15.12
December		14.69	13.23	12.92	12.46	15.42	13.07
1993 Average		18.56	17.27	16.72	16.17	17.39	16.84


January		15.19	13.67	13.35	12.49	13.19	13.27
February		14.91	13.47	13.11	12.35	13.29	13.04
March		15.04	13.45	13.16	12.38	13.60	13.17
April		16.90	15.09	14.82	13.97	13.28	14.79
May		18.07	16.68	16.64	15.74	14.35	16.21
June		18.42	17.61	17.43	16.51	16.43	17.24
July		19.16	17.86	17.77	16.82	17.12	17.51
August		18.29	16.88	16.62	15.85	17.77	16.59
September		17.36	15.98	15.78	14.80	16.87	15.73
October		17.90	16.30	16.11	15.19	16.07	16.07
November		18.31	16.95	16.69	15.80	16.14	16.67
December		17.46	16.11	15.79	14.79	17.42	15.96
1994 Average		17.25	15.84	15.61	14.72	15.46	15.52


January		18.32	16.88	16.71	15.81	16.14	16.82
February		18.55	17.47	17.23	16.37	17.08	17.30
March		18.48	17.08	16.96	16.03	17.16	17.39
April		20.18	18.55	18.38	17.41	17.19	18.40
May		19.90	18.41	18.29	17.39	18.52	17.73
June		18.64	17.20	17.11	16.40	18.43	16.64
July		17.45	15.98	15.94	15.14	17.34	15.73
August		18.00	16.61	16.58	15.50	15.85	16.86
September		18.13	16.84	16.81	15.87	16.60	16.84
October		17.72	16.01	16.03	15.27	16.85	15.83
November		18.31	16.81	16.71	15.74	16.10	16.89
December		19.53	18.03	17.99	17.00	16.53	18.37
1995 Average		18.60	17.16	17.06	16.16	16.98	17.06


January		19.58	18.18	18.09	17.22	18.03	18.19
February		19.61	17.96	17.95	16.98	18.25	19.04
March		21.40	19.98	19.97	19.08	18.09	20.63
April		23.04	21.58	21.65	20.78	20.02	21.65
May		21.07	19.47	19.57	18.98	21.04	22.18
June		20.06	18.71	18.98	18.07	19.76	18.92
July		21.06	19.61	19.88	18.82	19.25	19.74
August		22.10	20.57	20.81	19.74	19.34	20.91
September		24.08	22.60	22.66	21.64	21.93	22.59
October		25.47	23.92	23.94	23.11	21.60	24.05
November		24.47	22.67	22.81	22.24	24.21	22.88
December		25.94	23.99	24.09	23.38	25.15	24.13
1996 Average		22.32	20.77	20.87	20.00	20.56	21.24


January		25.33	23.92	24.30	23.56	23.94	24.71
February		22.57	20.94	21.40	20.90	24.35	21.32
March		20.72	19.21	19.52	18.96	20.55	19.65
April		19.51	17.94	18.38	17.53	19.96	18.58
May		20.78	19.11	19.35	18.45	18.55	19.05
June		19.17	17.30	17.66	17.14	19.34	17.51
July		19.83	17.78	17.98	17.44	17.91	17.95
August		19.96	18.01	18.27	17.76	17.99	17.85
September		20.00	18.01	18.27	17.77	18.53	18.35
October		21.39	19.57	19.88	19.09	18.17	19.84
November		20.41	18.42	18.75	18.40	19.74	18.86
December		18.66	16.63	17.00	16.56	18.61	16.98
1997 Average		20.69	18.90	19.23	18.63	19.80	19.22


January		16.68	14.89	15.22	14.59	17.05	14.47
February		15.79	14.05	14.33	13.60	15.48	13.55
March		14.59	12.68	13.03	12.44	14.84	12.32
April		14.79	12.90	13.01	12.43	13.36	13.10
May		14.96	12.88	13.04	12.57	13.03	12.60
June		13.54	11.27	11.58	11.37	13.16	11.41
July		13.92	11.76	11.97	11.45	11.71	12.64
August		13.31	11.28	11.59	11.03	11.89	11.16
September		14.94	12.80	13.15	12.31	11.15	12.81
October		14.15	12.09	12.57	12.05	13.08	11.18
November		12.60	10.47	11.03	11.04	15.73	9.89
December		11.27	8.98	9.75	9.48	11.18	12.53
1998 Average		14.21	12.17	12.52	12.03	13.47	12.31


January		12.14	10.05	10.58	9.77	10.15	10.46
February		11.43	9.22	10.04	9.79	10.57	9.89
March		13.97	11.81	12.43	11.70	9.90	11.70
April		16.80	14.54	15.07	13.70	12.07	13.48
May		17.05	15.06	15.83	14.66	16.67	15.40
June		17.31	15.19	16.09	15.43	15.50	14.92
July		19.80	17.55	18.25	16.93	14.09	16.74
August		21.35	19.01	19.89	18.32	17.34	17.33
September		23.75	21.36	22.34	20.61	19.76	21.83
October		22.62	20.28	21.35	20.72	22.06	20.58
November		25.29	22.86	23.80	22.22	21.10	23.75
December		26.51	23.87	24.97	23.63	23.81	30.58
1999 Average		19.00	16.73	17.55	16.46	16.09	17.22


January		27.03	24.64	26.04	24.80	25.14	24.75
February		29.37	27.18	28.37	26.03	25.27	26.33
March		29.24	27.47	28.95	26.66	28.52	23.55
April		25.38	22.92	24.82	24.30	28.67	22.86
May		29.00	26.39	27.44	26.18	25.67	23.58
June		31.62	28.97	29.92	27.31	27.50	25.95
July		29.61	27.43	28.92	27.78	29.64	24.37
August		31.49	29.00	30.06	28.48	29.74	24.16
September		33.78	31.39	31.88	29.91	30.00	29.14
October		33.28	30.53	31.74	30.78	31.95	30.52
November		35.09	32.55	33.05	30.79	21.26	34.30
December		28.62	26.11	28.44	27.84	33.81	22.04
2000 Average		30.29	27.88	29.14	27.57	28.10	25.96


January		29.29	27.06	28.29	26.61	28.79	19.55
February		28.96	26.80	28.89	26.62	28.92	21.56
March		26.68	24.18	25.75	24.08	29.03	18.76
April		27.33	24.79	25.84	23.90	27.57	18.63
May		29.05	26.41	26.60	24.40	26.38	22.77
June		28.04	25.10	25.44	24.94	29.05	23.46
July		26.25	23.87	25.19	24.43	25.94	21.23
August		26.84	24.13	26.00	24.71	24.64	19.95
September		26.48	23.62	25.18	23.95	25.73	22.99
October		22.10	19.39	21.65	21.38	27.69	16.53
November		19.82	16.76	19.33	18.05	22.31	16.19
December		19.28	16.64	18.29	17.29	18.67	16.14
2001 Average		25.84	23.23	24.70	23.36	26.23	19.81


January		20.10	16.88	18.63	17.07	18.12	17.20
February		21.06	17.97	19.40	17.97	17.59	18.38
March		24.76	21.70	23.03	19.93	19.11	22.82
April		26.65	23.33	24.56	23.19	N/A	26.75
May		26.57	23.81	25.72	24.74	23.76	27.73
June		25.65	22.62	24.74	24.19	27.87	25.89
July		26.97	24.10	25.82	24.45	23.90	23.87
August		27.95	25.19	26.80	25.97	33.06	25.15
September		29.19	26.49	28.29	26.65	24.11	27.58
October		29.02	25.77	27.70	26.67	37.15	25.26
November		26.25	23.30	25.69	25.54	26.89	23.94
December		30.04	26.48	28.81	25.47	25.31	28.07
2002 Average		26.18	23.14	24.93	23.49	25.17	24.39


January		33.57	29.59	31.58	28.26	30.24	33.33
February		35.81	32.49	35.41	32.40	32.77	36.96
March		33.46	30.02	32.49	31.69	33.28	32.55
April		27.92	24.94	29.42	27.99	33.82	29.14
May		28.23	25.34	27.84	26.26	29.98	28.21
June		30.26	27.23	29.55	27.43	27.20	29.48
July		30.44	27.35	30.32	28.45	28.45	28.54
August		31.57	28.27	30.60	29.01	30.24	22.64
September		28.55	25.03	27.49	26.80	30.25	29.67
October		30.88	27.33	29.44	27.42	29.81	29.22
November		31.13	27.91	30.33	28.97	27.86	30.05
December		32.59	29.04	31.60	29.46	29.45	27.49
2003 Average		31.20	27.88	30.51	28.68	30.28	29.77


January		35.09	30.72	33.29	31.44	30.16	28.57
February		34.46	31.27	34.30	32.56	30.00	31.29
March		36.94	33.26	36.25	33.01	32.12	34.33
April		36.22	33.12	36.27	34.20	34.06	35.53
May		40.03	36.47	39.09	35.02	35.94	38.09
June		37.81	34.54	37.03	35.76	35.36	36.00
July		40.95	37.08	39.16	36.42	37.09	38.18
August		45.03	41.41	43.33	39.46	39.51	41.50
September		46.34	41.83	44.92	40.81	41.24	44.55
October		53.67	49.44	51.77	45.06	46.06	50.66
November		48.14	45.21	48.01	44.56	50.25	48.10
December		42.97	39.82	41.79	42.13	48.32	41.87
2004 Average		41.47	37.85	40.43	37.54	38.34	39.06


January		46.60	43.18	45.04	41.02	47.82	41.84
February		47.67	44.41	46.41	42.44	49.14	46.01
March		54.49	50.88	52.39	47.43	48.79	55.75
April		53.48	49.51	51.11	49.25	49.84	43.67
May		50.42	45.88	47.68	45.42	49.66	44.89
June		56.64	52.59	54.21	48.92	43.21	50.00
July		58.98	55.16	56.89	53.14	53.32	55.68
August		65.66	61.12	62.45	57.40	65.06	59.98
September		67.19	61.59	63.41	59.22	60.39	62.89
October		62.77	58.71	61.48	58.10	65.12	56.97
November		58.59	54.56	57.67	55.41	60.50	51.99
December		59.78	55.36	57.42	53.91	62.57	56.74
2005 Average		56.86	52.75	54.68	50.97	54.62	52.20


January		66.01	61.38	62.92	56.91	58.61	61.66
February		62.22	58.29	60.11	57.00	58.70	59.21
March		64.33	59.02	60.67	57.99	61.79	60.87
April		71.43	66.27	67.89	62.01	60.26	60.85
May		72.51	67.08	68.82	64.83	62.64	68.58
June		71.84	67.27	69.72	64.34	66.56	67.67
July		76.27	70.69	70.96	67.48	64.68	72.65
August		75.05	69.40	71.79	68.52	70.16	70.86
September		63.91	60.66	63.40	62.96	71.34	67.11
October		59.52	55.41	57.03	55.45	67.20	54.44
November		61.53	55.11	56.57	53.71	63.37	55.72
December		64.67	58.36	60.16	56.19	57.35	57.29
2006 Average		67.44	62.41	64.17	60.62	63.55	63.08


January		56.72	51.14	53.86	53.06	58.55	55.34
February		62.56	55.92	58.26	53.90	56.60	57.50
March		64.62	57.25	59.99	56.42	53.79	61.25
April		69.19	60.69	63.32	59.74	56.98	62.98
May		69.09	59.76	64.01	62.47	58.08	63.78
June		73.20	64.15	67.92	64.60	59.88	66.97
July		69.14	72.11	75.60	70.21	62.38	74.98
August		73.33	69.36	73.85	69.12	63.51	72.71
September		79.86	75.56	78.30	72.83	70.90	76.86
October		86.25	82.06	84.53	77.75	71.31	82.78
November		95.97	91.51	93.38	84.26	74.03	97.36
December		95.32	88.02	90.74	87.02	83.64	89.92
2007 Average		74.60	68.96	71.98	67.62	64.14	71.87


January		96.12	89.72	93.57	89.00	91.05	94.16
February		98.45	94.12	94.97	91.10	90.94	92.61
March		107.45	101.82	104.87	96.68	92.34	99.34
April		115.13	109.05	111.72	104.68	92.09	110.74
May		128.74	122.16	124.42	114.81	102.10	121.95
June		137.91	131.19	133.42	125.90	111.80	133.83
July		137.80	131.23	133.74	130.06	124.51	124.94
August		119.41	113.39	116.80	123.56	123.46	114.84
September		107.07	101.09	104.29	117.29	132.61	106.60
October		78.78	73.68	78.13	90.11	118.52	77.53
November		56.74	54.20	58.66	68.67	98.89	59.12
December		43.93	37.25	39.79	48.19	80.01	35.56
2008 Average		102.29	96.57	99.53	100.00	104.86	97.60

January		47.17	37.87	38.11	39.16	58.12	36.99
February		45.63	35.50	36.31	38.77	39.23	36.59
March		50.08	44.58	46.68	44.36	39.06	45.70
April		52.32	46.78	48.27	46.32	34.55	45.93
May		60.29	55.43	56.13	50.57	46.72	55.16
June		71.15	65.97	66.52	58.59	47.33	63.72
July		66.79	72.50	62.41	64.26	54.12	60.67
August		74.31	67.41	69.02	64.65	64.92	68.51
September		70.18	65.72	68.23	68.96	56.03	67.03
October		76.43	71.95	72.94	68.84	65.52	71.98
November		79.62	73.94	74.47	71.78	63.35	72.62
December		77.33	70.85	72.09	74.57	64.40	65.61
2009 Average		64.28	59.04	59.27	57.57	52.78	57.54

January		80.16	74.74	76.12	73.91	69.75	75.27
February		77.43	72.66	74.34	76.38	70.18	76.19
March		82.04	77.41	78.45	75.11	74.29	76.92
April		87.90	80.80	81.90	79.06	82.92	76.51
May		79.73	70.99	73.39	78.52	76.64	74.97
June		78.87	71.88	74.95	76.33	78.28	76.11
July		79.00	72.62	75.45	74.51	72.81	76.68
August		79.61	73.07	75.80	74.55	75.14	70.76
September		80.14	71.82	74.75	74.92	74.13	75.98
October		85.23	78.38	81.41	76.31	71.50	81.51
November		88.16	80.72	83.54	81.02	78.08	83.00
December		94.31	85.76	88.65	84.99	79.20	88.58
2010 Average		82.72	75.90	78.23	77.13	75.24	77.71


January		97.83	86.43	90.87	89.04	83.01	90.90
February		106.21	86.43	92.18	91.47	89.51	92.39
March		117.41	100.65	110.30	103.24	88.38	112.06
April		126.03	108.28	118.91	113.66	89.82	119.04
May		116.44	99.31	111.19	115.05	111.57	114.20
June		113.24	94.19	105.92	109.49	115.55	108.97
July		115.86	95.41	108.96	109.55	109.80	109.44
August		109.29	84.79	99.68	105.33	110.61	102.28
September		112.67	85.20	102.08	105.40	106.84	107.00
October		111.82	86.98	107.91	109.98	104.54	113.07
November		111.41	97.78	117.03	111.53	104.41	123.84
December		108.62	97.91	110.59	110.54	102.77	113.45
2011 Average		112.24	93.61	106.30	106.19	101.40	108.89


January		111.81	98.43	107.15	106.09	117.12	137.42
February		120.45	100.69	109.16	108.66	102.83	110.83
March		127.39	105.88	118.36	116.12	106.37	122.35
April		122.51	103.67	118.48	119.85	107.01	122.22
May		108.00	94.65	109.44	113.75	120.26	112.92
June		94.90	81.54	92.66	101.19	119.04	95.25
July		103.49	86.75	96.63	93.59	108.84	98.40
August		111.77	93.25	103.95	95.02	94.34	105.81
September		112.99	94.46	107.47	105.69	98.75	109.66
October		110.24	89.22	102.44	104.53	103.71	104.36
November		108.51	86.72	101.67	102.72	101.77	104.56
December		109.47	89.24	104.32	103.03	109.51	106.88
2012 Average		111.79	93.71	105.98	105.85	107.46	110.89


January		112.73	91.22	110.29	107.07	102.89	112.82
February		116.30	91.83	108.10	107.53	105.56	110.45
March		112.82	89.62	107.53	109.97	107.00	110.73
April		105.42	88.23	106.96	108.00	114.38	110.18
May		104.27	91.24	104.54	102.66	110.61	106.62
June		104.19	91.75	102.10	100.69	103.20	103.13
July		110.52	100.81	109.82	102.90	103.11	117.02
August		110.95	102.45	110.19	106.71	100.94	110.43
September		108.17	102.25	109.12	106.42	114.20	109.33
October		102.85	96.18	101.79	101.56	108.42	100.61
November		97.18	89.22	93.88	94.57	104.73	95.91
December		102.79	93.14	97.65	93.94	106.02	97.86
2013 Average		107.35	93.99	105.16	103.50	106.75	107.09

January		102.79	90.07	96.45	88.11	96.09	97.90
February		106.36	95.79	104.87	101.79	96.40	106.72
March		104.13	96.05	103.29	102.01	101.62	103.88
April		104.15	97.60	103.92	101.18	99.34	103.78
May		104.27	97.16	102.29	99.36	105.85	102.48
June		108.22	100.39	105.47	100.91	104.07	105.34
July		106.41	97.70	103.37	101.67	103.11	104.17
August		100.13	91.45	98.16	99.17	105.27	98.39
September		96.30	88.11	95.33	95.03	105.53	95.17
October		87.60	79.76	85.19	87.47	65.77	85.36
November		79.64	62.51	76.53	80.98	N/A	77.37
December		61.90	50.21	59.36	66.27	N/A	61.27
2014 Average		96.83	87.23	94.52	93.66	98.31	95.15

January		48.81	N/A	46.64	51.57	N/A	46.16
February		55.28	N/A	48.92	46.61	N/A
March		54.38	N/A			N/A
April		60.67	N/A			N/A
May			N/A			N/A
June			N/A			N/A
July			N/A			N/A
August			N/A			N/A
September			N/A			N/A
October			N/A			N/A
November			N/A			N/A
December			N/A			N/A
2015 Average		54.79	N/A	47.78	49.09	N/A	46.16



		Spot	Refinery		OCS	Severance	State
DATE		Market	Posted	State²	Gulf²	Tax³	Royalty
		SOUTH LOUISIANA SWEET		ALL GRADES AT WELLHEAD

(Dollars per Barrel)
LOUISIANA AVERAGE CRUDE OIL PRICES

	Page revised		6/2/2015	data available through May 3, 2015
	Data source:		² US Dept of Energy - EIA
			³ LA Dept of Revenue - Severance Tax