DEFINITION of 'Upstream Capital Costs Index - UCCI'
A proprietary metric index that tracks the composite cost of materials, facilities, equipment and personnel of all skill levels used in a specific portfolio of oil and natural gas producing projects owned and managed by CERA corporation. The index is ultimately a product of CERA's capital costs analysis forum for upstream (CCAF-U.)
BREAKING DOWN 'Upstream Capital Costs Index - UCCI'
The UCCI resembles the Consumer Price Index in that it offers a concise benchmarking tool for investors. This index can be used to both track and forecast the performance of the underlying oil and gas properties. The UCCI is one of a family of indexes published by IHS, Inc.