Evolution of the U.S. Natural Gas Industry in Response to Changes in Transaction Costs

1998 ◽  
Vol 74 (3) ◽  
pp. 390 ◽  
Author(s):  
Carol A. Dahl ◽  
Thomas K. Matson
2020 ◽  
pp. 1-20
Author(s):  
Mitch Kunce

Using a unique land transaction from the 1860s in the Western U.S., this paper examines whether the presence of biological and cultural resources on private and federal land increase drilling costs to the U.S. natural gas industry. Our results suggest that the presence of these resources can increase costs, but the effect depends on the land type and which resources are being protected. The presence of threatened and endangered species increase drilling costs significantly on both federal and private lands; whereas the existence of migratory wildlife like elk and pronghorn does not. Cultural resources have a differentiated impact-they raise drilling costs significantly on federal lands, but not on private lands. JEL classification numbers: C23, Q58. Keywords: Endangered Species, U.S. Natural Gas, Cultural Resources, Drilling Costs.


1998 ◽  
Vol 24 (4) ◽  
pp. 207-216 ◽  
Author(s):  
Janie M Chermak

Chemosphere ◽  
1997 ◽  
Vol 35 (6) ◽  
pp. 1365-1390 ◽  
Author(s):  
David A. Kirchgessner ◽  
Robert A. Lott ◽  
R. Michael Cowgill ◽  
Matthew R. Harrison ◽  
Theresa M. Shires

Author(s):  
Charlie Williams ◽  
Holly Hopkins

Abstract The oil and natural gas industry has worked collaboratively in many areas to make great strides to improve the safety of offshore drilling and producing operations since the Horizon incident in the U.S. Gulf of Mexico. The paper will discuss these activities. Immediately following the incident, the U.S. oil and natural gas industry launched a comprehensive review of offshore safety and operations to identify potential improvements in spill prevention, intervention, and response capabilities. Four joint industry task forces were assembled to focus on the critical areas of equipment, operating procedures, subsea well control and oil spill response. In addition to their own work, the task forces fully considered the recommendations of the Presidential Oil Spill Commission in forming their recommendations to improve offshore safety and response in the respective four areas. One of the major recommendations and actions directly linked to the Presidential Commission recommendations was the formation of an industry organization fully focused on Safety and Environmental Management Systems (SEMS) and managing risk. The industry organization formed is the Center for Offshore Safety (COS). The COS is fully focused on SEMS and its continual improvement through SEMS Auditing, safety data collection and analysis, good practice development, and sharing industry information. Additionally, there has been a continuing special focus on new and enhanced Industry standards. The task force on equipment and other post-Horizon reports contained strong recommendations on the need to develop new and revised standards to enhance safety in the offshore. This work was done through the standards development process and organizations including collaboration with national and international Standards Development Organizations, the offshore oil and gas community, and the Federal government. The presentation will give an overview of the new and revised standards work to date including API Standard 53 Blowout Prevention Equipment Systems for Drilling Operations; API Standard 65-2 Isolating Potential Flow Zones During Well Construction; and API RP 96 Deepwater Well Design and Construction.


2017 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Andrew R. Kear

Natural gas is an increasingly vital U.S. energy source that is presently being tapped and transported across state and international boundaries. Controversy engulfs natural gas, from the hydraulic fracturing process used to liberate it from massive, gas-laden Appalachian shale deposits, to the permitting and construction of new interstate pipelines bringing it to markets. This case explores the controversy flowing from the proposed 256-mile-long interstate Nexus pipeline transecting northern Ohio, southeastern Michigan and terminating at the Dawn Hub in Ontario, Canada. As the lead agency regulating and permitting interstate pipelines, the Federal Energy Regulatory Commission is also tasked with mitigating environmental risks through the 1969 National Environmental Policy Act's Environmental Impact Statement process. Pipeline opponents assert that a captured federal agency ignores public and scientific input, inadequately addresses public health and safety risks, preempts local control, and wields eminent domain powers at the expense of landowners, cities, and everyone in the pipeline path. Proponents counter that pipelines are the safest means of transporting domestically abundant, cleaner burning, affordable gas to markets that will boost local and regional economies and serve the public good. Debates over what constitutes the public good are only one set in a long list of contentious issues including pipeline safety, proposed routes, property rights, public voice, and questions over the scientific and democratic validity of the Environmental Impact Statement process. The Nexus pipeline provides a sobering example that simple energy policy solutions and compromise are elusive—effectively fueling greater conflict as the natural gas industry booms.


Sign in / Sign up

Export Citation Format

Share Document