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dc.contributor.authorApergis, Nicholas
dc.contributor.authorEwing, Bradley
dc.contributor.authorPayne, James
dc.date.accessioned2019-01-24T15:48:18Z
dc.date.available2019-01-24T15:48:18Z
dc.date.issued2016-01-25
dc.identifier.citationApergis, N., Ewing, B.T. and Payne, J.E., (2016). 'A time series analysis of oil production, rig count and crude oil price: Evidence from six US oil producing regions'. Energy, 97, pp.339-349. DOI: 10.1016/j.energy.2015.12.028.en_US
dc.identifier.issn0360-5442
dc.identifier.urihttp://hdl.handle.net/10545/623367
dc.description.abstractWith oil company valuations tied in part to oil well drilling to replace reserves at a rate that exceeds production, understanding the dynamic relationship between the development of oil rigs and oil production is important. This study focuses on the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, and Permian regions, historically the six major oil producing regions in the U.S. Specifically, we apply time series econometric techniques of unit root, cointegration, and error correction modeling to examine the dynamic relationship among oil production, rig count, and crude oil prices for each of these six U.S. oil producing regions. The results of this study highlight the importance of identifying the regional variations in oil production, rig count, and crude oil prices and their interactions in both the valuation of oil firms and capital investment projects as it pertains to oil drilling activity.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevier.en_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S0360544215016709en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectExploration and productionen_US
dc.subjectCrude oilen_US
dc.subjectRig counten_US
dc.subjectCrude oil pricesen_US
dc.titleA time series analysis of oil production, rig count and crude oil price: Evidence from six U.S. oil producing regions.en_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Piraeusen_US
dc.contributor.departmentTexas Tech Universityen_US
dc.contributor.departmentGeorgia College & State Universityen_US
dc.identifier.journalEnergy.en_US
dcterms.dateAccepted2015-12-07


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