Indian Pricing
Below are reference prices you can use to value your royalties.
Indian Oil Index-Based Major Portion (IBMP) (non-Osage)
Each month ONRR calculates and publishes IBMP prices for Designated Areas as defined in amendments to the Indian Oil valuation regulations published on May 1, 2015 80 FR 24,794.
Prices
Prices are in $/bbl.
Resources
| Designated Area | Year | Month | Condensate (02) | Sweet (61) | Sour (62) | Asphaltic (63) | Black Wax (64) | Yellow Wax (65) |
|---|---|---|---|---|---|---|---|---|
| Alabama/Coushatta | 2025 | December | $56.51 | -- | -- | -- | -- | -- |
| Blackfeet | 2025 | December | -- | $40.00 | $49.43 | -- | -- | -- |
| Crow | 2025 | December | -- | -- | -- | $38.57 | -- | -- |
| Fort Peck | 2025 | December | -- | $54.64 | $51.08 | -- | -- | -- |
| Jicarilla Apache | 2025 | December | $50.76 | $51.16 | -- | -- | -- | -- |
| North Fort Berthold | 2025 | December | $56.28 | $56.90 | -- | -- | -- | -- |
| Oklahoma | 2025 | December | $57.47 | $57.55 | $54.48 | -- | -- | -- |
| Saginaw Chippewa | 2025 | December | -- | -- | $51.75 | -- | -- | -- |
| South Fort Berthold | 2025 | December | $53.82 | $53.59 | $51.90 | -- | -- | -- |
| Southern Ute | 2025 | December | $47.79 | -- | -- | -- | -- | -- |
| The Navajo Nation | 2025 | December | $53.13 | $53.82 | -- | -- | -- | -- |
| Turtle Mountain | 2025 | December | -- | $56.54 | -- | -- | -- | -- |
| Uintah and Ouray - Duchesne County | 2025 | December | $57.24 | $46.99 | -- | $43.63 | $46.50 | $49.13 |
| Uintah and Ouray - Uintah and Grand Counties | 2025 | December | $57.81 | -- | -- | -- | $45.90 | $46.45 |
| Ute Mountain Ute | 2025 | December | $50.96 | $43.30 | -- | -- | -- | -- |