Department of Revenue price based on weighted average of company reported, all fields.

$ per barrel
Fiscal YearCalendar Year
1979$5.981979$6.16
1980$7.031980$10.44
1981$21.741981$30.82
1982$30.191982$28.20
1983$26.451983$25.34
1984$25.081984$25.03
1985$24.641985$24.19
1986$19.671986$13.03
1987$12.781987$15.49
1988$15.101988$12.97
1989$14.081989$16.02
1990$15.691990$19.64
1991$19.471991$14.86
1992$14.161992$15.16
1993$15.931993$13.79
1994$12.301994$13.41
1995$14.891995$14.97
1996$15.581996$18.03
1997$18.611997$16.75
1998$13.321998$10.57
1999$10.841999$15.48
2000$22.142000$26.40
2001$25.642001$21.27
2002$19.372002$21.68
2003$25.322003$26.44
2004$28.412004$35.00
2005$41.722005$50.14
2006$58.262006$62.20
2007$57.312007
2008$82.262008
2009$62.512009
20102010
20112011
20122012


1. In FY 2008, the Department of Revenue made a change in the method by which it accounts for future revenues, as well as historical and future and oil prices, from a cash basis to an accrual basis. This method change will better align fiscal year revenues with the state’s financial reports and other production publications. As a result, slight modifications have been made to historical wellhead values to accommodate this change. This change was made to wellhead values on the tax division website on 6/30/2010.