• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Analysis of Economic Determinants of Shale Oil Production Success in the USA

Student: Bankunova Angelika

Supervisor: Sergey Yuryevich Kovalev

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Master)

Final Grade: 10

Year of Graduation: 2017

Over the past decade the world oil market has undergone a significant transformation caused by an unexpected increase in the production of shale oil in the United States. The combination of horizontal drilling and hydraulic fracturing developed in the 1970s and high oil prices made it possible to produce large amounts of shale oil. The increase in supply in the world market of crude oil and decline in demand resulted in a two-fold decline in oil prices. The fall in oil prices below $ 50 per barrel in 2016 was considered as the end on shale boom. But the combination of continuously improving technologies of shale oil extraction and the flexibility of projects have confirmed the consistency of the term "shale revolution". Characteristics of shale projects required application of stochastic models of real options, which were used as theoretical foundations in the calculation of prices.

Full text (added May 15, 2017)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses