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Concentration trends in the Gulf of Mexico oil and gas industry

Mason, Charles F. (2015) Concentration trends in the Gulf of Mexico oil and gas industry. Energy Journal, 36. pp. 215-236. ISSN 0195-6574

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Identification Number: 10.5547/01956574.36.SI1.cmas

Abstract

In this paper, I evaluate patterns of concentration in the Gulf of Mexico oil and gas industry, one of the most important sectors for US production over the past few decades. In the 1990s, production in the Gulf was quite concentrated, and was dominated by large oil companies. But over the past decade or so this concentration has eroded, with recent levels consistent with an unconcentrated industry. These patterns apply for drilling and leasing as well, and are relevant to both shallow and deep water. The overall picture is an industry with strong competition for leases, drilling and production.

Item Type: Article
Official URL: http://www.iaee.org/en/publications/scope.aspx
Additional Information: © 2015 by the IAEE.
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Collections > Economists Online
Date Deposited: 12 Nov 2015 11:39
Last Modified: 08 Apr 2019 23:10
Projects: ES/K006576/1
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/64415

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