Rice University: Study Aims to Help Governments Maximize Profits From Oil and Gas Auctions
March 05, 2021
March 05, 2021
HOUSTON, Texas, March 5 (TNSJou) -- Rice University issued the following news release:
Federal and state governments auction leases to oil and gas companies to extract natural resources from public land. A revamp of the auction system -- utilizing a new model developed by a Rice University economist -- could lead to more competitive bids and, ultimately, more money for governments.
Yunmi Kong, an assistant professor of economics at Rice and the study's author, discussed . . .
Federal and state governments auction leases to oil and gas companies to extract natural resources from public land. A revamp of the auction system -- utilizing a new model developed by a Rice University economist -- could lead to more competitive bids and, ultimately, more money for governments.
Yunmi Kong, an assistant professor of economics at Rice and the study's author, discussed . . .