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 mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

With the large-scale development of shale gas, oil-based drilling fluids are widely used, generating significant amounts of solid wastes from oil-based shale drilling cutting (OBSDC), which are difficult to degrade and biologically toxic. The current treatment methods do not meet the...

The significant amount of gas produced from unconventional shale reservoirs in the US in recent years has reduced market prices for hydrocarbon gas and created an opportunity for using low-cost gas in enhanced oil recovery (EOR) projects. In addition to its availability in large quantities and...

The Niger Delta region is the oil producing area of Nigeria, which consist of highly diverse ecosystems that is supportive of numerous species of terrestrial and aquatic fauna and flora. This region is the largest wetland in Africa and it is among the ten most important wetlands and marine...

The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and...

Atmospheric emissions urgently need to reduce for natural gas to fulfill its potential role in the energy transition to achieve the Paris Agreement on climate change. This paper establishes the magnitude and trends of flaring and venting in oil and gas operations, as well as their emissions and...

As it is predicted that there will be a decrease in production at the oil and gas facilities that are currently operating, it becomes necessary to start developing new oil and gas fields. This results in changes to the state's policy regarding the participation of private companies in the...

This paper assesses the labour market impact of the Papua New Guinea (PNG) LNG project – the largest resource project ever completed in PNG. It discusses employment during the construction phase from 2010 to 2014 and the subsequent production phase. While national employment figures in the...

Shale oil and gas have become important areas of petroleum exploration and development. Successful shale oil and gas exploration depends on the accurate evaluation of sweet spots, which are the commercial targets. This paper proposes a comprehensive new method for sweet spot evaluation based on...

This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long-term contracts. We argue that only if the parties to a unitization...

The shale gas boom has revolutionized the energy sector through hydraulic fracturing. High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and gas development (UOGD). In this review, we...

This research exploits the introduction of shale gas wells in Pennsylvania in response to growing controversy around the drilling method of hydraulic fracturing. Using detailed location data on maternal addresses and GIS coordinates of gas wells, this study examines singleton births to mothers...

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 mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...

We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price fluctuations to shale technology innovations. We exploit cross-sectional variation in industry...

This study examines the impact of uncertainty on mergers and acquisition (M&A) activity. We focus on product market uncertainty in the oil and gas sector. Analysing this industry enables us to construct a natural forward-looking measure of product market uncertainty, namely the implied crude oil...

We often link increasing productivity in resource extraction to innovation in how firms extract. Yet resource quality - where firms extract - is a key driver of productivity. Using a structural model and data from Louisiana's Haynesville shale, I disentangle the impacts of how and where firms...

There is a growing concern on the complicated nature of the enforcement of regulatory instruments with regards to the accountability of crude oil companies' offshore production activities in Nigeria. Elsewhere in the world, adequate steps are well structured to monitor compliance and enforce the...

This Article describes how the researcher defines the Area of Research, Identifies the Business Problem, Research Gaps, Theoretical Underpinning and Theoretical Gap, Aligns the Research Gaps with Theoretical Gap and Formulates the Research Problem, Research Questions, Research Objectives, Frames...

The shale revolution is gradually transforming the industrial structure of the United States. This paper quantifies these changes in a model in which industries are linked by productivity linkages. In this framework, productivity gains in one industry may spill over to other industries. For 2015...

Scientifically and accurately forecasting of future shale gas output tends is very important in making energy policies, especially for China whose historical data of shale gas output is very limited. The existing grey shale gas output prediction model does not perform well in prediction due to...

Water is one of the most important commodities in the world and plays an essential role in the hydrocarbon industry. With increased agricultural production, rapid industrialization, population growth and climate change, the world is facing an extreme water crisis in many regions. Coupled with a...

Sand and ceramic proppant are the most commonly used materials to keep fractures open during hydraulic fracturing. Ceramic proppant has higher hardness and sphericity than sand, but it is much more expensive. To reduce the cost, sands are pumped at the beginning to replace a portion of ceramic...

"Cold Water Oil: Offshore Petroleum Cultures is a collection of essays examining how societies conceive of fossil fuel extraction in the inhospitable but fragile waters of the North Atlantic and Arctic oceans. Around a third of the world's oil and gas is produced from beneath the ocean floor,...

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 twentieth century assigned thousands of proximate parcels to different mineral allocation mechanisms. We show that...

Fracking innovations revolutionized the United States oil and gas industry and facilitated a boom in energy production in states with oil and gas resources. This paper examines effects of oil and gas booms within a state on individual employment and earnings. To account for endogenous migration...

This study assesses the overall technical, economic, environmental, and social costs and benefits of the hydraulic fracturing (“fracking”) of natural gas. Drawn from a review of more than 100 studies looking at shale gas in the past 10 years, most of them peer-reviewed, this article begins...

The notion of a ‘policy mix' can describe interactions across a wide range of innovation policies, including ‘motors for creation' as well as for ‘destruction'. This paper focuses on the United Kingdom's (UK) ‘new policy direction' that has weakened support for renewables and energy...

The shale gas revolution has fundamentally transformed energy markets domestically and abroad. Rising production has led to falling gas and oil prices in the U.S., while Europe, in contrast, is paying four to five times more for its natural gas and becoming one of the biggest importers of U.S....

Hydraulic fracking generated unexpected shale oil and gas booms. After these booms, voter support for Republicans rises, leading Republicans to win seats from Democrats. Roll-call voting by House members becomes more conservative after shale across issues extending beyond energy or the economy....