Economics of the West Virginia natural gas exploration and production industry, 1977-1987
Document Type
Conference Proceeding
Publication Date
12-1-1990
Abstract
In this paper, the structure, conduct and performance of the West Virginia natural gas producing industry is discussed. The competitiveness of the gas industry is measured empirically using the concept of concentration ratio and other features of industry structure. Trend analysis of the industry activities and outcomes shows no evidence of 'market power' among West Virginia gas producers. The general drilling trends in West Virginia paralleled those of the entire U.S. Similarly, the trends in new gas discoveries, real wellhead price, gas exploratory drilling, to a large extent, are closely related. It was noted, however, that oil and gas operators in West Virginia took less risk in exploratory drilling between 1981-1987. It would appear that more exploration activities must be undertaken to reverse the current downward trends in new reserve additions in the 1990s.
Recommended Citation
Iiedare, W. O., "Economics of the West Virginia natural gas exploration and production industry, 1977-1987" (1990). College of Humanities and Social Sciences. 85.
https://digitalcommons.uncfsu.edu/college_humanities_social_sciences/85