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dc.contributor.authorApergis, Nicholas
dc.contributor.authorEwing, Bradley T.
dc.contributor.authorPayne, James E.
dc.date.accessioned2021-04-09T13:56:37Z
dc.date.available2021-04-09T13:56:37Z
dc.date.issued2021-01-22
dc.identifier.citationApergis, N., Ewing, B.T. and Payne, J.E., (2021). 'The asymmetric relationship of oil prices and production on drilling rig trajectory'. Resources Policy, 71, pp. 1-7.en_US
dc.identifier.issn0301-4207
dc.identifier.doi10.1016/j.resourpol.2021.101990
dc.identifier.urihttp://hdl.handle.net/10545/625697
dc.description.abstractWith active drilling rigs essential for replenishing oil resources depleted through production, this study examines the potential asymmetries between drilling rig trajectory (vertical, directional, and horizontal), oil prices and oil production in the U.S. within a nonlinear autoregressive distributed lag framework. Based on weekly data, the results reveal long-run symmetry with respect to oil prices irrespective of drilling rig trajectory. However, there is long-run asymmetry for oil production consistent with the capital-intensive nature of drilling and the fixed costs associated with new wells. The results also show short-run asymmetry with respect to both oil prices and oil production consistent with companies taking advantage of upturns quickly and refraining from costly shut-in, plug and abandon, or increased expenditures on improved oil recovery during downturns.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevier BVen_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S0301420721000076en_US
dc.rights© 2021 Elsevier Ltd. All rights reserved.
dc.rights.urihttps://www.elsevier.com/tdm/userlicense/1.0/
dc.subjectEconomics and Econometricsen_US
dc.subjectSociology and Political Scienceen_US
dc.subjectLawen_US
dc.subjectManagement, Monitoring, Policy and Lawen_US
dc.titleThe asymmetric relationship of oil prices and production on drilling rig trajectoryen_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Derbyen_US
dc.contributor.departmentTexas Tech University, Lubbock, TX, USAen_US
dc.contributor.departmentThe University of Texas at El Paso, El Paso, TX, USAen_US
dc.identifier.journalResources Policyen_US
dc.identifier.piiS0301420721000076
dc.source.journaltitleResources Policy
dc.source.volume71
dc.source.beginpage101990
dcterms.dateAccepted2021-01-04
dc.author.detailN/Aen_US


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