Natural gas liquids and liquefied petroleum gases have played an important role in the current US shale gas boom. Depressed gas prices in recent years have made pure natural gas operations less profitable. The result is that liquids components in gas production have become increasingly important...

The discovery of huge reserves of natural gas in the eastern Mediterranean in the last few years are stirring the pot of regional turmoil and provoking various reactions from the other players in the area. It is also opening up new economic opportunities and redefining strategic relationships....

Herein we more accurately capture the cointegrating relationship between natural gas and crude oil prices by controlling for nonstationarity induced by endogenous changes in regime. Specifically, we allow the cointegrating equation to switch between m states, according to a first-order Markov...

Pennsylvania imposes bonding requirements to incentivize operators to take proper precautions when they choose to abandon an oil or gas well. Bonding requires operators to set aside funds before drilling a well, which are forfeited to the state if the well is improperly abandoned. The relatively...

The purpose of this working paper is to delineate the correlation between decarbonization and security of supply, and to assess the sequential effect of these notions on the EU’s external gas relations. It first discusses the contribution of the gas sector to the EU’s decarbonization...

Estimating a static coefficient for a deseasoned gas storage or weather variable implicitly assumes that market participants react identically throughout the year (and over each year) to that variable. In this analysis we model natural gas returns as a linear function of gas storage and weather...

This analysis uses the weekly natural gas storage report to investigate the quickness, and test the accuracy, of liquidity taking high-frequency traders (HFT) in modern markets. We find those who trade within the first 50 milliseconds accurately incorporate the information contained in the...