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168 Results
A star design on a gate, with the Texas State Capitol building in the background.
Valuation of Groundwater in Place at a Texas Frac Water Supplier
To either close deals or resolve disputes, parties and courts must be able to attach a credible economic value to water that may still be underground in the aquifer. In this brief, fellow Gabriel Collins proposes a means of estimating this value that opens the door for a direct comparison of the implied price paid for groundwater in a land purchase transaction and the price paid for an explicit agreement to acquire only the groundwater estate beneath a tract.
Gabriel Collins December 7, 2017
Chinese oil production
A Growing Portion of China’s “Oil Products” Demand Growth Does Not Actually Come From Crude Oil
As China’s demand for light oil products continues to drive incremental consumption growth, it is becoming apparent that commodities framed as “oil products” are increasingly not actually made from crude oil. Fellow Gabriel Collins explores the possible ramifications of this situation in this issue brief. He writes that oil producers — whether in Riyadh, Moscow or the Permian Basin — should take stock of how China’s growing use of “oil products” that do not actually come from crude oil may translate into effective reductions in demand and prices for the crude oil they produce.
Gabriel Collins September 20, 2017
A natural gas plant in Russia.
Russia's Use of the "Energy Weapon" in Europe
This brief quantifies the potential exposure of key European countries to Russian gas price and supply manipulation, shows how Moscow has used energy as an instrument of coercive diplomacy since the early 1990s, and briefly assesses the impacts and future policy implications of Russian entities’ past use of the “energy weapon” in and near Europe. Although it has not been widely successful to date in the former Soviet zone, Russia's use of the energy weapon against Western European countries in various forms still constitutes a strategic threat that warrants close attention from policymakers in Washington and throughout Europe, writes fellow Gabriel Collins.
Gabriel Collins July 18, 2017
Oil and Gas
Energy Dialogues Summary: 2017
On March 28, 2017, Energy Dialogues organized an event co-hosted with Shell at the Shell Woodcreek Campus in west Houston in which participants from across the oil and gas sector engaged in discussions that centered on three themes: economy, environment, and coalition-building. This report summarizes the day's discussions.
Kenneth B. Medlock III June 30, 2017
Pipelines
Looting Fuel Pipelines in Mexico
The extent of fuel theft from pipelines in Mexico is now so great that it is becoming a serious financial burden for state-owned petroleum company Pemex and, more broadly, may pose a challenge to the implementation of policies designed to liberalize Mexico's gasoline market, writes postdoctoral fellow Adrian Duhalt.
Adrian Duhalt June 23, 2017
The Houston cityscape.
Creating a Pipeline for Startups in Houston, Texas
Recent academic research has shown that startup training institutions can greatly increase the number of startup firms receiving seed and early-stage venture capital for the first time. In this paper, the authors examine the startup training institutions in Houston, and what they are doing to open up the city’s pipeline of startups.
Edward J. Egan, Benjamin J. Baldazo, Dylan T. Dickens May 31, 2017
A gavel rests in front of the Mexican flag.
Coordination of the Regulators of the Hydrocarbon Sector: Is It Optimal for the Rule of Law?
One of the goals of Mexico's energy reform was to create a regulatory system that would foster competition in a very complex political environment. This framework, known as "coordinated regulatory bodies," was established in Article 28 of the Constitution and is intended to oversee and regulate the hydrocarbons sector. This paper conducts a legal analysis of this new model of regulation and seeks to determine whether its implementation strengthens the rule of law in Mexico.
Miriam Grunstein April 5, 2017