STATISTICAL ANALYSES OF SOLO AND JOINT BIDS FOR FEDERAL OFFSHORE OIL AND GAS LEASES.

Elmer L. Dougherty; John Lohrenz

doi:10.2118/6517-pa

STATISTICAL ANALYSES OF SOLO AND JOINT BIDS FOR FEDERAL OFFSHORE OIL AND GAS LEASES.

Elmer L. Dougherty^*, John Lohrenz

^*Corresponding author for this work

King Fahd University of Petroleum & Minerals

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

This study of Outer Continental Shelf (OCS) bid data, plus a critical analysis of other such studies, was made to determine the impact of joint bidding on competitiveness of OCS lease sales. It concludes that no class of joint bids has been shown to reduce the level of competition. Banning joint bidding by two or more major oil companies did result in an abrupt increase in the number of joint bids that included one major.

Original language	English
Pages (from-to)	87-95
Number of pages	9
Journal	Society of Petroleum Engineers journal
Volume	18
Issue number	2
DOIs	https://doi.org/10.2118/6517-pa
State	Published - 1978

ASJC Scopus subject areas

General Engineering

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@article{d4e2d848bb04491abeb78ddef872bb30,

title = "STATISTICAL ANALYSES OF SOLO AND JOINT BIDS FOR FEDERAL OFFSHORE OIL AND GAS LEASES.",

abstract = "This study of Outer Continental Shelf (OCS) bid data, plus a critical analysis of other such studies, was made to determine the impact of joint bidding on competitiveness of OCS lease sales. It concludes that no class of joint bids has been shown to reduce the level of competition. Banning joint bidding by two or more major oil companies did result in an abrupt increase in the number of joint bids that included one major.",

author = "Dougherty, \{Elmer L.\} and John Lohrenz",

year = "1978",

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journal = "Society of Petroleum Engineers journal",

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AU - Dougherty, Elmer L.

AU - Lohrenz, John

PY - 1978

Y1 - 1978

N2 - This study of Outer Continental Shelf (OCS) bid data, plus a critical analysis of other such studies, was made to determine the impact of joint bidding on competitiveness of OCS lease sales. It concludes that no class of joint bids has been shown to reduce the level of competition. Banning joint bidding by two or more major oil companies did result in an abrupt increase in the number of joint bids that included one major.

AB - This study of Outer Continental Shelf (OCS) bid data, plus a critical analysis of other such studies, was made to determine the impact of joint bidding on competitiveness of OCS lease sales. It concludes that no class of joint bids has been shown to reduce the level of competition. Banning joint bidding by two or more major oil companies did result in an abrupt increase in the number of joint bids that included one major.

UR - https://www.scopus.com/pages/publications/0017958309

U2 - 10.2118/6517-pa

DO - 10.2118/6517-pa

M3 - Article

AN - SCOPUS:0017958309

SN - 0197-7520

VL - 18

SP - 87

EP - 95

JO - Society of Petroleum Engineers journal

JF - Society of Petroleum Engineers journal

IS - 2

ER -

STATISTICAL ANALYSES OF SOLO AND JOINT BIDS FOR FEDERAL OFFSHORE OIL AND GAS LEASES.

Abstract

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