A statistical analysis of Alaskan oil and natural gas lease bids
Thesis (M.S.) University of Alaska Fairbanks, 2002 This study statistically analyzes the behavior of oil and gas lease bidders in Alaska using pooled cross-sectional time series data from 1959 to 1998. The two players associated with this data set are the corporate or major players and the independe...
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ftunivalaska:oai:scholarworks.alaska.edu:11122/6235 2023-05-15T17:40:12+02:00 A statistical analysis of Alaskan oil and natural gas lease bids Russell, Sara Lynn 2002-05 http://hdl.handle.net/11122/6235 en_US eng http://hdl.handle.net/11122/6235 Thesis ms 2002 ftunivalaska 2023-02-23T21:36:36Z Thesis (M.S.) University of Alaska Fairbanks, 2002 This study statistically analyzes the behavior of oil and gas lease bidders in Alaska using pooled cross-sectional time series data from 1959 to 1998. The two players associated with this data set are the corporate or major players and the independent or non-major players. The behavior of each group is statistically distinct. Majors maximize profit by exploiting oil and gas; non-majors maximize profit by reselling the leases. The effect of joint bidding is also investigated. The consequence of ownership of the Trans Alaska Pipeline System or TAPS is also considered (all owners of the TAPS are major firms). The findings intimate that owners have a distinct advantage over non-owners. Owners bid significantly higher. Another aspect of the pipeline is the tariff associated with the TAPS. While North Slope sales are more profitable than other sales, the tariff combined with diminishing productivity of leases results in fewer bidders for northern sales. Thesis north slope Alaska University of Alaska: ScholarWorks@UA Fairbanks |
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Open Polar |
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University of Alaska: ScholarWorks@UA |
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ftunivalaska |
language |
English |
description |
Thesis (M.S.) University of Alaska Fairbanks, 2002 This study statistically analyzes the behavior of oil and gas lease bidders in Alaska using pooled cross-sectional time series data from 1959 to 1998. The two players associated with this data set are the corporate or major players and the independent or non-major players. The behavior of each group is statistically distinct. Majors maximize profit by exploiting oil and gas; non-majors maximize profit by reselling the leases. The effect of joint bidding is also investigated. The consequence of ownership of the Trans Alaska Pipeline System or TAPS is also considered (all owners of the TAPS are major firms). The findings intimate that owners have a distinct advantage over non-owners. Owners bid significantly higher. Another aspect of the pipeline is the tariff associated with the TAPS. While North Slope sales are more profitable than other sales, the tariff combined with diminishing productivity of leases results in fewer bidders for northern sales. |
format |
Thesis |
author |
Russell, Sara Lynn |
spellingShingle |
Russell, Sara Lynn A statistical analysis of Alaskan oil and natural gas lease bids |
author_facet |
Russell, Sara Lynn |
author_sort |
Russell, Sara Lynn |
title |
A statistical analysis of Alaskan oil and natural gas lease bids |
title_short |
A statistical analysis of Alaskan oil and natural gas lease bids |
title_full |
A statistical analysis of Alaskan oil and natural gas lease bids |
title_fullStr |
A statistical analysis of Alaskan oil and natural gas lease bids |
title_full_unstemmed |
A statistical analysis of Alaskan oil and natural gas lease bids |
title_sort |
statistical analysis of alaskan oil and natural gas lease bids |
publishDate |
2002 |
url |
http://hdl.handle.net/11122/6235 |
geographic |
Fairbanks |
geographic_facet |
Fairbanks |
genre |
north slope Alaska |
genre_facet |
north slope Alaska |
op_relation |
http://hdl.handle.net/11122/6235 |
_version_ |
1766141072642146304 |