Effects of US foreign and domestic shocks on US shale oil production across different basins

Hatice Kubra Ugur, Nukhet Dogan and M. Hakan Berument

Resources Policy, 2022, vol. 79, issue C

Abstract: Developments in shale oil production technologies made the US, already the most important oil consumer, an important oil producer and exporter. This paper examines the response of shale oil production across eight production basins in the US to both US domestic and foreign oil demand shocks. The empirical evidence reveals that shale oil production in the Permian basin responds to PADD 3 Exports shocks faster, and Western/Eagle Ford responds more rapidly to Refinery Utilization Rate shocks. On the other hand, the Appalachian basin responses to PADD 3 Exports and Refinery Utilization Rate shocks are slower/weaker than other basins. Moreover, basins closer to the PADD 3 region have stronger responses, whereas basins farther from the PADD3 have weak ones.

Keywords: Shale oil; Shale basins; Factor augmented vector autoregressive model (search for similar items in EconPapers)
JEL-codes: C51 Q40 Q42 Q43 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420722004342
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:79:y:2022:i:c:s0301420722004342

DOI: 10.1016/j.resourpol.2022.102991

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().