Unconventional oil drilling in North Dakota has accelerated over the past decade and is unlikely to abate soon. Agriculture is large component of North Dakota’s economy. This study compares total acres planted with oil prices and number of wells drilled within crop districts of North Dakota. Using panel data on the total number of wells and acres planted in North Dakota. This study finds that acres planted had a statistically significant negative correlation with number of wells and oil prices.
The history of the United States relationship with Iran during the 1960s and 1970s is really the history of the affiliation between the United States and the Shah of Iran. The Shah was able to play off of Cold War fears and a policies based in modernization theory to maintain a stable relationship with the United States' changing administrations. While the Shah is often portrayed as a weak leader in history, the Shah's ability to play use both Cold War fears and modernization theory to further his own agenda shows that he was an adept politician.
An extensive amount ofliterature covers the Natural Resource Curse and explores a diverse range of mechanisms that link poor growth to resource abundance. Previous studies do not, however, explain the "paradox of plenty" through the dynamic of institutions and taxation. We investigate data on taxation, institutions, and resources. Our measures of resource richness, borrowed from resource-conflict studies, avoid the problems associated with standard abundance measures, particularly primary commodity exports relative to GDP. We analyze point source natural resources and look specifically at oil and diamonds. We find that these resource measures are in fact positively associated with economic growth. We conclude that institutions are ultimately the deciding factor in how resources will affect the growth of certain economies.
Hydraulic fracturing is a stimulation technique that allows for the commercial exploitation of oil and gas from reservoirs that would be otherwise uneconomical. Designing the fracture stimulation is a complicated process with many considerations, and better designs will ultimately improve production performance. Using fracture stimulation data and oil and gas production data for 33 wells in the Denver Basin, OLS regressions help determine which fracture stimulation design variables create the largest increases in post-fracture oil and gas production. This study finds that post-fracture cumulative production, particularly gas, is affected by the completion type—whether a new or existing geological formation in the well is fractured; the fracture type—the specific fracture treatment being used, such as a hybrid frac or water frac; and the average injection rate of the fracture treatment. These results help elucidate which treatment variables have the largest effect on production performance.