Bonus bidding and bottom lines: Federal offshore oil and gas

Conference · Sat Oct 01 04:00:00 EDT 1983 · Soc. Pet. Eng. AIME, Pap.; (United States)

OSTI ID:5252565

Lohrenz, J; Dougherty, E L

Much can be observed in the statistics of bonus bids. For one thing, more information about a lease may not mean bidders agree more with their bids. However, whether any or all bidders are achieving satisfactory results at their bottom lines cannot be observed from bid statistics. Indeed, it does appear that bidders' results are not satisfactory. Furthermore, an aggressive bidder who ''wins'' at bidding time appears, in this study, less profitable than a conservative bodder.

• Research Organization: Gulf Oil E and P Co.
• OSTI ID: 5252565
• Report Number(s): CONF-8310121-
• Conference Information: Journal Name: Soc. Pet. Eng. AIME, Pap.; (United States) Journal Volume: SPE12024
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
BIDS
GEOLOGIC DEPOSITS
INDUSTRY
LEASING
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS INDUSTRY
NORTH AMERICA
OFFSHORE SITES
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PROFITS
RESOURCES
USA