Taking advantage of randomly assigned federal mineral rights, this paper establishes the discount that mineral developers place on oil and gas leases with divided ownership. Results of 53 bimonthly federal oil and gas lease auctions in Wyoming between February 1998 and October 2006 are examined....

The financial concept of real options has important consequences in areas of environmental and natural resources law where irreversible decisions are made in the face of uncertainty. This article argues that consideration of real options is necessary to maximize economic return from...

The focus of this research is analysis and forecast for Egypt's energy resources of oil and natural gas. Running a risk of an oil shortage in the near term, Egypt's strategic energy policy should shift from oil towards multiple energy sources including natural gas, oil, and alternative energy...

This paper considered the question: To ‘what extent is the legal regime for risk governance adequate to prevent offshore oil risk-related accidents like the Deepwater Horizon accident in Nigeria?' It argued that the Petroleum Act 1969 and the ancillary regulations are inadequate in many...