Welcome to the forum from Oregon.
Does sound like you could have a head gasket problem. Are you seeing any coolant on the ground? Have you pressure tested the system?
The coolant loss, into the oil, can dilute and contaminate the oil causing oil pressure loss.
The "going price" is subjective. Depends on the quality of the parts you choose to use and the labor rate at a quality shop that you use.
You are talking about a head gasket set, new head bolt kit, machine shop work to surface the heads and while off a valve job with new seals is warranted, oil, filter, coolant, replacement of anything found to be needed during disassembly.....etc. Plus all the labor. You may have oxygen sensor problems after all this work as well.
While you are at it, does it need belts, hoses, thermostat....etc?
We recommend that you put all your rig(s) info in your signature so we all don’t have to guess at year, make, model, engine size, trans, rear axle locker…….etc. While you may have posted pertinent info in your first post, you may forget to do it again and the info is needed by us anyway. Makes it way easier on all members that attempt to help, to have that info right up front. It is also recommended that you take a pic of your RPO codes, on the inside cover of the glove box, and post that image in your signature. All this info will greatly help those that will try to help with a problem.
If there is any other info, like upgrades, mods or recent mechanical/maintenance work done, that would be helpful in any post as well. Too many times a question is asked by the poster and after about 10 responses we find out that the poster has done recent work to attempt to fix the problem or work that was done that SEEMS not related to the problem.