Impacts of Environmental Regulations on Future Resource Development in Louisiana Wetlands

Harder, Brian J.; John, Chacko J.; Dupont, Allen

doi:10.2523/29707-ms

Cited by 2 publications

(2 citation statements)

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“…Environmental aspects of oil and gas field work in the U.S. are subject to numerous federal statutes such as the National Environmental Policy Act, the Toxic Substances Control Act, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation, and Liability Act, the Antiquities Act, and the Threatened and Endangered Species Act. These statutes apply to industry activities on all types of land, although an engineering study (B. Harder, C. John, and A. Dupont 1995), a survey of operators, landowners, and federal land managers (Mitch Kunce, Shelby Gerking, William Morgan 2001), and Congressional testimony (James T. Hackett 2001) suggest that enforcement is more stringent on federal land than on private land.…”

Section: Checkerboard Drilling Costsmentioning

confidence: 99%

Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

Kunce

Gerking

Morgan

2002

American Economic Review

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This paper estimates the extra costs of drilling for oil and gas on federal land as compared to private land in the Wyoming Checkerboard. The Checkerboard is a center of U.S. oil and gas activity in which square-mile sections of property alternate between federal and private ownership as originally established by the Pacific Railway Acts of 1862 and 1864. This land ownership pattern is used as an experimental control that may be used to identify differences in drilling cost on federal and private land. Estimates presented suggest that average drilling costs per well are about $200,000 higher on federal property than on private property. This difference is attributed to more stringent enforcement of environmental and land use regulations on federal land.

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Section: Checkerboard Drilling Costsmentioning

confidence: 99%

Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

Kunce

Gerking

Morgan

2002

American Economic Review

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“…Are these resources protected from drilling more vigorously on federal property than on private property? Little information is available on these long-standing questions except for impressionistic evidence from operators, Congressional testimony by industry representatives (Hackett 2001 and Committee on Resources 2001), and a small number of engineering cost studies (Harder, et al 1995 andPenn 1986). Yet, they are directly related to policy issues including how the regulatory structure in the oil and gas industry actually works, what steps the government might take to improve regulatory efficiency, and whether surface resources nearby to drilling sites are over or under-protected.…”

Section: Introductionmentioning

confidence: 99%

Costs of Biological and Cultural Resource Protection to the U.S. Natural Gas Industry

Kunce¹

2020

Journal of Statistical and Econometric Methods

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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.

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Impacts of Environmental Regulations on Future Resource Development in Louisiana Wetlands

Cited by 2 publications

References 0 publications

Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

Costs of Biological and Cultural Resource Protection to the U.S. Natural Gas Industry

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