In our commitment to provide our clients with current and relevant information affecting taxable oil and gas properties within their jurisdictions, Capitol Appraisal Group annually provides an illustration of the Independent Oil And Gas Producers Index (INDOILGAS) and its relationship with oil and gas prices. The index represents a comprehensive sample of oil and gas companies primarily engaged in the exploration and production of oil and gas, and, as such, may be considered a proxy for the market.

As this index of oil and gas value incorporates change in oil and gas price, tracking it over time reveals the general effect of oil and gas price volatility on market value. Other factors such as production, cost, and depletion are not measured.

Thus, this index may be used as a predictor of value change due to price only.