Environmental and Land Use Regulation in Nonrenewable Resource Industries: Implications from the Wyoming Checkerboard.

This paper examines how the oil and gas industry responds to changes in environmental and land use regulations pertaining to drilling by examining differences in regulatory practices on federal and private land. A simulation model for Wyoming is used to estimate losses of oil and gas output over the...

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Publicado en:Land Economics Vol. 80; no. 1; pp. 76 - 95
Autores principales: Kunce, Mitch, Gerking, Shelby, Morgan, William
Formato: Artículo
Publicado: University of Wisconsin Press February 2004
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Environmental and Land Use Regulation in Nonrenewable Resource Industries: Implications from the Wyoming Checkerboard.
      aug:
        au:
          Kunce, Mitch
          Gerking, Shelby
          Morgan, William
      su:
        Petroleum industry
        Industrial pollution
        Land use
        Land use laws
        Mathematical models
        Wyoming
      sug:
        subj:
          Wyoming
          Petroleum industry
          Industrial pollution
          Land use
          Land use laws
          Mathematical models
      keyword: Petroleum industry -- Costs -- Mathematical models
      ab: This paper examines how the oil and gas industry responds to changes in environmental and land use regulations pertaining to drilling by examining differences in regulatory practices on federal and private land. A simulation model for Wyoming is used to estimate losses of oil and gas output over the next 60 years because of higher drilling costs found on federal property. The present value of these losses comes to about $800 million. Also, this case study is of interest because it shows that future production is more sensitive to changes in environmental regulations that apply to drilling than to changes in severance taxes levied on production. (JEL Q24, Q32) Reprinted by permission of the publisher.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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