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DTEND;TZID=Europe/London:20260930T033000
UID:https://www.lse.ac.uk/granthaminstitute/?post_type=event&p=90973
DTSTAMP;TZID=Europe/London:20260924T153445Z
LOCATION:FAW 9.04\, LSE Campus and online
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<p>Catie Hausman\, a professor at the Gerald R. Ford School of Public Policy at the University of Michigan and a Research Associate at the National Bureau of Economics Research. Her work focuses on environmental and energy economics. </p>
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<p>Catie will be discussing the paper '<em>Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production</em>'  (with Sarah Armitage and Judson Boomhower)</p>
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<p><strong>Abstract</strong>: Asset transfers can lead to efficiency gains but can also reflect distortions from rent-seeking. We examine the link between asset transfers and rent-seeking enabled by differences in environmental liability costs. Focusing on US oil and gas\, we develop a conceptual framework in which firms can avoid environmental liabilities through asset transfers. Using a novel dataset\, we show that oil and gas wells are transferred frequently\, particularly low-revenue wells. Low-revenue wells are also especially likely to be transferred to lower-revenue firms. Transferred wells produce similar amounts in later years but are less likely to be plugged -- posing environmental risk.  </p>
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<p><strong>The Research Seminar Series is open to all LSE researchers. No pre-registration required to attend the seminars. If you wish to attend the seminars or want to be kept informed about upcoming seminars\, please email <a href="mailto:Gri.Events@lse.ac.uk">Gri.Events@lse.ac.uk</a>.</strong></p>
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URL;VALUE=URI:https://www.lse.ac.uk/granthaminstitute/events/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman/
SUMMARY:Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman
DTSTART;TZID=Europe/London:20260930T140000
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