{ "147943-21902578": { "datetime_modified":"20260909T144748", "datetime_start":"20260924T153000", "datetime_end":"20260924T163000", "has_end_time":1, "date_start":"2026-09-24", "date_end":"2026-09-24", "time_start":"15:30:00", "time_end":"16:30:00", "time_zone":"America\/Detroit", "event_title":"IES Energy Seminar Series - Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production", "occurrence_title":"", "combined_title":"IES Energy Seminar Series - Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production: Catie Hausman, U-M Gerald R Ford School of Public Policy", "event_subtitle":"Catie Hausman, U-M Gerald R Ford School of Public Policy", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production\nwith Sarah Armitage and Judson Boomhower\n\nAbstract:\nReallocation of assets across firms can lead to efficiency gains, but it can also lead to distortions via rent-seeking. We examine the link between asset reallocation and rent-seeking enabled by differences in the expected cost of environmental liabilities. Focusing on the US oil and gas industry, we develop a conceptual framework that incorporates both firm specialization in well types and the judgment-proof problem, by which undercapitalized firms can avoid environmental liabilities. We then build a novel dataset with hundreds of thousands of well transfers over 1992 to 2023, showing that oil and gas wells are transferred frequently, particularly as they age and their revenues decline. Moreover, low-value wells are especially likely to be transferred to low-value firms. Transferred wells produce similar amounts in later years, but are less likely to be plugged -- thus posing greater environmental risk. We conclude with policy implications related to well plugging, bonding requirements, and decarbonization. \n\nBiography:\nCatie Hausman is a Professor in the Gerald R. Ford School of Public Policy at the University of Michigan and a Research Associate at the National Bureau of Economic Research. She is an environmental and energy economist. Some of her recent areas of research include electricity transmission policy; the natural gas sector's role in methane leaks; the economic damages from climate change; and inequality in pollution exposure.\n\nFor the most up to date information on the location, please check the related link the week of this event", "occurrence_notes":null, "guid":"147943-21902578@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/147943", "building_id":"1000395", "building_name":"Francois-Xavier Bagnoud Building", "campus_maps_id":"17", "room":"FXB1012", "location_name":"Francois-Xavier Bagnoud Building", "has_livestream":0, "cost":"", "tags":["Civil and Environmental Engineering","Sustainability","Social Sciences","seminar","Science","Research","Nuclear Engineering and Radiological Sciences","North Campus","Naval Architecture and Marine Engineering","Michigan Engineering","Mechanical Engineering","Materials Science","Law","Interdisciplinary","Industrial and Operations Engineering","Free","Environment","Engineering","Energy","Electrical Engineering and Computer Science","CAEN"], "website":"https:\/\/ies.engin.umich.edu\/energy-seminar-series\/", "sponsors":[ { "group_name":"Institute for Energy Solutions", "group_id":"5361", "website":"" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_thumb\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_large_2x":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_large_2x\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/event_large_lightbox\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "group_thumb":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_thumb\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "group_thumb_square":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_thumb_square\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "group_large":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_large\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "group_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_large_lightbox\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_large_crop":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_large_crop\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_list":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_list\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_list_2x":"https:\/\/events.umich.edu\/media\/cache\/event_list_2x\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_grid":"https:\/\/events.umich.edu\/media\/cache\/event_grid\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_grid_2x":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_grid_2x\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_feature_large":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_feature_large\/media\/attachments\/2026\/08\/event_147943_original-1.jpg", "event_feature_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_feature_thumb\/media\/attachments\/2026\/08\/event_147943_original-1.jpg" }, "occurrence_count":1, "first_occurrence":21902578 } , "149234-21906025": { "datetime_modified":"20260919T092017", "datetime_start":"20260924T160000", "datetime_end":"20260924T170000", "has_end_time":1, "date_start":"2026-09-24", "date_end":"2026-09-24", "time_start":"16:00:00", "time_end":"17:00:00", "time_zone":"America\/Detroit", "event_title":"GEOMETRY SEMINAR: Exact Dimensionality of Hyperbolic Measures on Skew Products", "occurrence_title":"", "combined_title":"GEOMETRY SEMINAR: Exact Dimensionality of Hyperbolic Measures on Skew Products: Homin Lee", "event_subtitle":"Homin Lee", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"Skew products arise naturally in dynamical systems, for instance, when considering i.i.d. random dynamical systems. We consider a skew product given by a cocycle taking values in the diffeomorphism group over a finite entropy shift space. We discuss the exact dimensionality of various projections of fiberwise hyperbolic measures, including hyperbolic stationary measures. This is work in progress with Aaron Brown.", "occurrence_notes":null, "guid":"149234-21906025@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/149234", "building_id":"1000166", "building_name":"East Hall", "campus_maps_id":"53", "room":"3860", "location_name":"East Hall", "has_livestream":0, "cost":"", "tags":["Mathematics"], "website":"", "sponsors":[ { "group_name":"Geometry Seminar - Department of Mathematics", "group_id":"4891", "website":"" }, { "group_name":"Department of Mathematics", "group_id":"3791", "website":"" } ], "image_url":"", "styled_images":{ "event_thumb":"", "event_large":"", "event_large_2x":"", "event_large_lightbox":"", "group_thumb":"", "group_thumb_square":"", "group_large":"", "group_large_lightbox":"", "event_large_crop":"", "event_list":"", "event_list_2x":"", "event_grid":"", "event_grid_2x":"", "event_feature_large":"", "event_feature_thumb":"" }, "occurrence_count":1, "first_occurrence":21906025 } }