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The Effects of Oil and Gas Fiscal Regimes on Leasing Decisions
RFF Academic Seminar
Andrew Stocking, Congressional Budget Office
Timothy Fitzgerald, Montana State University Department of Agricultural Economics & Economics
We empirically investigate the sensitivity of oil and gas leasing decisions to variations in the set of contractual arrangements, referred to here as fiscal regimes. We examine leasing data from federal onshore leases and state leases in six Rocky Mountain states where federal and state lands are prevalent and located geographically near one another. This paper contributes to a long debate about the impact of changing fiscal parameters by introducing a new empirical strategy. Empirical results from a quantile regression indicate that higher royalty rates firms' willingness to pay for a lease, but by a lower amount for leases of higher value.
Thursday, March 6, 2014
12:00 - 1:30 p.m. EST
A light lunch will be provided.
1616 P St. NW
Washington, DC 20036
All seminars will be in the 7th Floor Conference Room at RFF, 1616 P Street NW unless otherwise noted. Attendance is open, but involves pre-registration no later than two days prior to the event. For questions and to register to an event, please contact Karen Furman at Updates to our academic seminars schedule will be posted at
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