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The Market Structure of Shale Gas Drilling in the United States

Author

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  • Wang, Zhongmin

    (Resources for the Future)

  • Xue, Qing

Abstract

This paper provides the first empirical study of the market structure of the shale gas drilling industry in the United States. Modern shale gas drilling, which is a major revolution in the energy industry, was highly concentrated during its experimental stage, roughly from the early 1980s to the early 2000s, and has since become less concentrated, exhibiting a long tail of infrequent drillers. Nevertheless, even during the latter stage, the vast majority of shale gas wells have been drilled by a limited number of large independent oil and gas producers.

Suggested Citation

  • Wang, Zhongmin & Xue, Qing, 2014. "The Market Structure of Shale Gas Drilling in the United States," RFF Working Paper Series dp-14-31, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-14-31
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    File URL: http://www.rff.org/RFF/documents/RFF-DP-14-31.pdf
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    References listed on IDEAS

    as
    1. Wang, Zhongmin & Krupnick, Alan, 2013. "A Retrospective Review of Shale Gas Development in the United States: What Led to the Boom?," RFF Working Paper Series dp-13-12, Resources for the Future.
    2. Paul L. Joskow, 2013. "Natural Gas: From Shortages to Abundance in the United States," American Economic Review, American Economic Association, vol. 103(3), pages 338-343, May.
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    Cited by:

    1. World Bank Group, 2016. "Commodity Markets Outlook, April 2016," World Bank Publications, The World Bank, number 24171.
    2. Davis, Rebecca J. & Sims, Charles, 2016. "To Frack or Not to Frack: Option Value Analysis on the U.S. Natural Gas Market," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235642, Agricultural and Applied Economics Association.
    3. repec:aen:eeepjl:eeep4_1_krupnick is not listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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