Learning by Drilling: Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch
NBER Working Paper No. 15060
---- Acknowledgments ----
I am grateful for financial support from the OpenLink Fund at the Coleman Fung Risk Management Center. This paper has benefited from discussions with Maximilian Auffhammer, Severin Borenstein, Jennifer Brown, Meghan Busse, Michael Greenstone, Jun Ishii, Kai-Uwe Kühn, Jeffrey Perloff, and numerous seminar participants. Tay Feder provided excellent research assistance. I am particularly grateful to Richard Mason of RigData and Turner Williamson of the Texas Railroad Commission for many illuminating conversations about the onshore Texas drilling industry. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.