A Retrospective Review of Shale Gas Development in the United States: What Led to the Boom?

Resources for the Future DP 13-12

42 Pages Posted: 29 Jun 2013

See all articles by Zhongmin Wang

Zhongmin Wang

Resources for the Future

Alan Krupnick

Resources for the Future

Date Written: April 24, 2013

Abstract

This is the first academic paper that reviews the economic, policy, and technology history of shale gas development in the United States. The primary objective of the paper is to answer the question of what led to the shale gas boom in the United States to help inform stakeholders in those countries that are attempting to develop their own shale gas resources. This paper is also a case study of the incentive, process, and impact of technology innovations and the role of government in promoting technology innovations in the energy industry. Our review finds that government policy, private entrepreneurship, technology innovations, private land and mineral rights ownership, high natural gas prices in the 2000s, and a number of other factors all made important contributions to the shale gas boom.

Keywords: shale gas, policy, research and development, technology, hydraulic fracturing, horizontal drilling

JEL Classification: Q4, O3, L71

Suggested Citation

Wang, Zhongmin and Krupnick, Alan, A Retrospective Review of Shale Gas Development in the United States: What Led to the Boom? (April 24, 2013). Resources for the Future DP 13-12. Available at SSRN: https://ssrn.com/abstract=2286239 or http://dx.doi.org/10.2139/ssrn.2286239

Zhongmin Wang (Contact Author)

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States

Alan Krupnick

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States

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