How and why petroleum leases are held by production: Analysis of a compound option
JL Smith - Land Economics, 2018 - le.uwpress.org
Most oil and gas leases allow the operator to extend possession by establishing production
in paying quantities. We show how this option to “hold by production”(HBP) stimulates the …
in paying quantities. We show how this option to “hold by production”(HBP) stimulates the …
The option to hold a petroleum lease by production: a user's guide to the shale gas drilling boom
JL Smith - Available at SSRN 2531997, 2014 - papers.ssrn.com
Most oil and gas leases allow the operator to extend possession for an indefinite period by
establishing production in paying quantities. We show how this option to “hold by …
establishing production in paying quantities. We show how this option to “hold by …
Drilling Deadlines and Oil and Gas Development
Oil and gas leases between mineral owners and extraction firms typically specify a date by
which the firm must either drill a well or lose the lease. These deadlines are known as …
which the firm must either drill a well or lose the lease. These deadlines are known as …
The economics of time-limited development options: The case of oil and gas leases
Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty
and primary term clauses. The royalty denotes the share of revenue that is paid to the …
and primary term clauses. The royalty denotes the share of revenue that is paid to the …
When externalities are taxed: The effects and incidence of Pennsylvania's impact fee on shale gas wells
To pay for environmental and public infrastructure costs associated with shale gas wells,
Pennsylvania introduced a per-well impact fee despite concerns that it would discourage …
Pennsylvania introduced a per-well impact fee despite concerns that it would discourage …
[PDF][PDF] Forced cooperation vs. competitive holdouts: efficient land use policies in the oil and natural gas industry
A Vissing - 2017 - epic.uchicago.edu
Eminent domain policies are widely applied in many different settings, yet there is little
empirical evidence measuring the effects of these policies on economic outcomes. The …
empirical evidence measuring the effects of these policies on economic outcomes. The …
Grand theft hydrocarbon? Post-production clauses and inequity in the US. shale gas industry
CJ Sachs, DE Bugden, RC Stedman - The Extractive Industries and Society, 2020 - Elsevier
We describe the presence of post-production cost clauses (PCCs) in shale gas leases in two
Northeastern Pennsylvania counties. Using a large, random sample of leases (N= 1031), we …
Northeastern Pennsylvania counties. Using a large, random sample of leases (N= 1031), we …
Applying Familiar Concepts to New Technology: Under the Traditional Oil and Gas Lease, a Lessee Does Not Need Pooling Authority to Drill a Horizontal Well That …
EE Smith - ONE J, 2017 - HeinOnline
A. Drilling a horizontal well that crosses lease lines is not pooling because the horizontal
well does not result in a cross-conveyance of royalty interests or change the allocation of …
well does not result in a cross-conveyance of royalty interests or change the allocation of …
Relinquishing riches: Auctions versus informal negotiations in texas oil and gas leasing
TR Covert, RL Sweeney - American Economic Review, 2023 - aeaweb.org
This paper compares outcomes from informally negotiated oil and gas leases to those
awarded via centralized auction. We focus on Texas, where legislative decisions in the early …
awarded via centralized auction. We focus on Texas, where legislative decisions in the early …
Drilling for dollars: the new and improved federal oil lease program
AE Haspel - Regulation, 1990 - HeinOnline
The story of the Federal Onshore Oil and Gas Leasing Reform Act of 1987 represents
modest victory for the marketplace and competition. It describes how the Department of the …
modest victory for the marketplace and competition. It describes how the Department of the …