Some Implications of Land Ownership Patterns for Petroleum Policy

Edward Miller

Land Economics, 1973, vol. 49, issue 4, 414-423

Abstract: In past Outer Continental Shelf oil and gas lease sales, winners of drainage tracts have tended to realize a higher economic return than winners of wildcat tracts. This paper finds empirical support for the hypothesis that adjacent lessees have an ...

Date: 1973
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