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An empirical analysis of the determinants of high bonus bids for petroleum leases in the U.S. Outer Continental Shelf (OCS)

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  • Iledare, Omowumi O.
  • Pulsipher, Allan G.
  • Olatubi, Williams O.
  • Mesyanzhinov, Dmitry V.

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  • Iledare, Omowumi O. & Pulsipher, Allan G. & Olatubi, Williams O. & Mesyanzhinov, Dmitry V., 2004. "An empirical analysis of the determinants of high bonus bids for petroleum leases in the U.S. Outer Continental Shelf (OCS)," Energy Economics, Elsevier, vol. 26(2), pages 239-259, March.
    • Handle: RePEc:eee:eneeco:v:26:y:2004:i:2:p:239-259
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    References listed on IDEAS

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    1. Steven W. Millsaps & Mack Ott, 1981. "Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the joint Bidding Ban Justified?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 71-90.
    2. Porter, Robert H, 1995. "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Econometrica, Econometric Society, vol. 63(1), pages 1-27, January.
    3. Mead, Walter J & Moseidjord, Asbjorn & Sorensen, Philip E, 1984. "Competitive Bidding under Asymmetrical Information: Behavior and Performance in Gulf of Mexico Drainage Lease Sales, 1959-1969," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 505-508, August.
    4. Thomas J. Teisberg, 1980. "Federal Management of Energy and Mineral Resources on the Public Lands," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 448-465, Autumn.
    5. C.E. Moody Jr. & W.J. Kruvant, 1988. "Joint Bidding, Entry, and the Price of OCS Leases," RAND Journal of Economics, The RAND Corporation, vol. 19(2), pages 276-284, Summer.
    6. C. E. Moody, Jr. & W. J. Kruvant, 1990. "OCS Leasing Policy and Lease Prices," Land Economics, University of Wisconsin Press, vol. 66(1), pages 30-39.
    7. Omowumi O. Iledare & Allan G. Pulsipher & Robert H. Baumann, 1995. "Effects of an Increasing Role for Independents on Petroleum Resource Development in the Gulf of Mexico OCS Region," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 59-76.
    8. Rockwood, Alan, 1983. "The Impact of Joint Ventures on the Market for OCS Oil and Gas Leases," Journal of Industrial Economics, Wiley Blackwell, vol. 31(4), pages 453-468, June.
    9. Walter J. Mead & Asbjorn Moseidjord & Philip E. Sorensen, 1983. "The Rate of Return Earned by Lessees under Cash Bonus Bidding for OCS Oil and Gas Leases," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 37-52.
    10. Walter J. Mead, 1994. "Toward an Optimal Oil and Gas Leasing System," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 1-18.
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    Cited by:

    1. Brasil, Eric Universo Rodrigues & Postali, Fernando Antonio Slaibe, 2014. "Informational rents in oil and gas concession auctions in Brazil," Energy Economics, Elsevier, vol. 46(C), pages 93-101.

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