Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Oil and Gas Exploration in USA

Oil and Gas Exploration in USA

Kozlova, Anastasia

Paperback

Business General

ISBN10: 6208429447
ISBN13: 9786208429447
Publisher: LAP Lambert Academic Publishing
Published: Feb 11 2025
Pages: 84
Weight: 0.27
Height: 0.20 Width: 6.00 Depth: 9.00
Language: English
This empirical study analyzes the exploration activities of oil and gas companies in the USA, focusing on three key aspects: the sensitivity of exploration investments to price variations, the structure of oil and gas reserves, and the relationship between new discoveries and exploration investments. The research is based on financial reports from 1998 to 2019, using econometric techniques such as panel data analysis, fixed effects estimation, and instrumental variable regression.Findings indicate that exploration expenditures respond significantly to oil and gas price changes, with oil price variations having a stronger impact. The study also suggests that companies' investments in exploration are more effective for oil field discoveries after one year, whereas gas field discoveries occur within the same year. The results provide valuable insights for industry experts and policymakers on the dynamics of resource exploration and investment efficiency.

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