Nelson-farrar cost indexes

Jan. 3, 2011
Refinery construction (1946 basis)
(Explained in OGJ, Dec. 30, 1985, p. 145, and at www.pennenergy.com/index/research-and_data/oil-and_gas/Statistic-Definitions.html; click "Nelson-Farrar Cost Indices")
1962 1980 2007 2008 2009 Sept.
2009
Aug.
2010
Sept.
2010
Pumps, compressors, etc.
222.5 777.3 1,844.4 1,949.8 2,011.4 2,012.8 2,037.4 2,036.4
Electrical machinery
189.5 394.7 517.3 515.6 515.5 515.9 514.6 513.7
Internal-comb. engines
183.4 512.6 974.6 990.9 1,023.0 1,029.4 1,030.0 1,021.2
Instruments
214.8 587.3 1,267.9 1,342.1 1,394.8 1,396.4 1,422.1 1,437.3
Heat exchangers
183.6 618.7 1,342.2 1,354.6 1,253.8 1,253.8 1,103.5 1,103.5
Misc. equip. average
198.8 578.1 1,189.3 1,230.6 1,239.7 1,241.7 1,221.5 1,222.4
Materials component
205.9 629.2 1,364.8 1,572.0 1,324.8 1,368.9 1,471.2 1,489.4
Labor component
258.8 951.9 2,601.4 2,704.3 2,813.0 2,830.9 2,916.0 2,923.3
Refinery (Inflation) Index
237.6 822.8 2,106.7 2,251.4 2,217.7 2,246.1 2,338.1 2,349.8
Refinery operating (1956 basis)
(Explained in OGJ, Dec. 30, 1985, p. 145, and at www.pennenergy.com/index/research-and_data/oil-and_gas/Statistic-Definitions.html; click "Nelson-Farrar Cost Indices")
1962 1980 2007 2008 2009 Sept.
2009
Aug.
2010
Sept.
2010
Fuel cost
100.9 810.5 1,530.7 1,951.3 978.5 867.4 1,230.6 1,048.8
Labor cost
93.9 200.5 215.8 237.9 264.5 258.9 276.3 277.9
Wages
123.9 439.9 1,042.8 1,092.2 1,177.1 1,190.5 1,281.9 1,289.0
Productivity
131.8 226.3 483.4 460.8 445.2 459.8 464.0 463.9
Invest., maint., etc.
121.7 324.8 777.4 830.8 812.4 822.7 850.2 854.5
Chemical costs
96.7 229.2 385.9 472.5 406.2 422.1 438.0 444.0
Operating indexes
Refinery
103.7 312.7 596.5 674.2 582.6 576.4 629.2 615.9
Process units*
103.6 457.5 872.6 1,045.1 706.1 669.2 811.1 749.5
*Add separate index(es) for chemicals, if any are used. See current Quarterly Costimating in first issues for January, April, July, and October. These indexes are published in the first of each month. They are compiled by Gary Farrar, OGJ Contributing Editor. Indexes of selected individual items of equipment and materials are also published on the Costimating page in first issues for January, April, July, and October.

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