PT  - JOURNAL ARTICLE
AU  - Kunce, Mitch
AU  - Gerking, Shelby
AU  - Morgan, William
TI  - Environmental and Land Use Regulation in Nonrenewable Resource Industries: Implications from the Wyoming Checkerboard
AID  - 10.2307/3147145
DP  - 2004 Feb 01
TA  - Land Economics
PG  - 76--94
VI  - 80
IP  - 1
4099  - http://le.uwpress.org/content/80/1/76.short
4100  - http://le.uwpress.org/content/80/1/76.full
SO  - Land Econ2004 Feb 01; 80
AB  - This paper examines how the oil and gas industry responds to changes in environmental and land use regulations pertaining to drilling by examining differences in regulatory practices on federal and private land. A simulation model for Wyoming is used to estimate losses of oil and gas output over the next 60 years because of higher drilling costs found on federal property. The present value of these losses comes to about $800 million. Also, this case study is of interest because it shows that future production is more sensitive to changes in environmental regulations that apply to drilling than to changes in severance taxes levied on production. (JEL Q24, Q32)