{"id":90973,"date":"2026-09-24T11:39:08","date_gmt":"2026-09-24T10:39:08","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&p=90973"},"modified":"2026-09-24T11:39:35","modified_gmt":"2026-09-24T10:39:35","slug":"cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/","title":{"rendered":"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman"},"content":{"rendered":"\n

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>\n\n\n\n

Catie will be discussing the paper ‘Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production<\/em>‘  (with Sarah Armitage and Judson Boomhower)<\/p>\n\n\n\n

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>\n\n\n\n

\n\n\n\n

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 Gri.Events@lse.ac.uk<\/a>.<\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Catie Hausman, a professor at the Gerald R. Ford School of Public Policy at the University of Michigan and a…<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[646,5288,4664,1180,286],"event-type":[35],"topic_area":[],"class_list":["post-90973","event","type-event","status-publish","hentry","tag-assets","tag-liability","tag-oil-and-gas","tag-oil-and-gas-industry","tag-united-states","event-type-research-seminar-series"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"start_date":{"ref_value":"field_52f56b18a98ba","value":"20260930","type":false,"post_type":""},"start_time":{"ref_value":"field_52f56b33a98bb","value":"14:00:00","type":false,"post_type":""},"end_date":{"ref_value":"field_52f56bb58f239","value":"20260930","type":false,"post_type":""},"end_time":{"ref_value":"field_52f56bd38f23a","value":"03:30:00","type":false,"post_type":""},"event_venue":{"ref_value":"field_531c65c575d35","value":"FAW 9.04, LSE Campus and online","type":false,"post_type":""},"location":{"ref_value":"field_559cf9dc612b6","value":"","type":false,"post_type":""},"external_speaker":{"ref_value":"field_5374dcb208782","value":"","type":false,"post_type":""},"eventbrite_link":{"ref_value":"field_52f59e0b20728","value":"","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman"],"type":"relationship","post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nCutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Catie Hausman, a professor at the Gerald R. Ford School of Public Policy at the University of Michigan and a...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-24T10:39:35+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\\\/\",\"name\":\"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"2026-09-24T10:39:08+00:00\",\"dateModified\":\"2026-09-24T10:39:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Events\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Research Seminar Series\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/event-type\\\/research-seminar-series\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/","og_locale":"en_GB","og_type":"article","og_title":"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment","og_description":"Catie Hausman, a professor at the Gerald R. Ford School of Public Policy at the University of Michigan and a...","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2026-09-24T10:39:35+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/","name":"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"2026-09-24T10:39:08+00:00","dateModified":"2026-09-24T10:39:35+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/cutting-costs-or-cutting-corners-asset-reallocation-in-oil-and-gas-production-catie-hausman\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Events","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/"},{"@type":"ListItem","position":3,"name":"Research Seminar Series","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/event-type\/research-seminar-series\/"},{"@type":"ListItem","position":4,"name":"Cutting costs or cutting corners: asset reallocation in oil and gas production | Catie Hausman"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["assets","liability","oil and gas","oil and gas industry","United States"],"event-type":["Research Seminar Series"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/event\/90973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/event"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":3,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/event\/90973\/revisions"}],"predecessor-version":[{"id":90993,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/event\/90973\/revisions\/90993"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=90973"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=90973"},{"taxonomy":"event-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/event-type?post=90973"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=90973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}