The Market Structure of Shale Gas Drilling in the United States

Zhongmin Wang () and Qing Xue
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Zhongmin Wang: Resources for the Future

RFF Working Paper Series from Resources for the Future

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.

Keywords: shale gas; market structure; concentration; entry (search for similar items in EconPapers)
JEL-codes: L11 L71 Q4 (search for similar items in EconPapers)
Date: 2014-09-12
New Economics Papers: this item is included in nep-com, nep-ene and nep-ind
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Citations: View citations in EconPapers (3)

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