@article{Fitzgerald:207739,
      recid = {207739},
      author = {Fitzgerald, Timothy},
      title = {Experiential Gains with a New Technology: An Empirical  Investigation of Hydraulic Fracturing},
      journal = {Agricultural and Resource Economics Review},
      address = {2015-08},
      number = {1203-2016-95583},
      pages = {23},
      year = {2015},
      abstract = {In conjunction with technologies such as horizontal  drilling, hydraulic fracturing has transformed U.S. and  world energy outlooks by adding reserves from  unconventional resources. Fracturing was developed by  experimentation and experience. This study empirically  analyzes fracturing data for wells in the Williston Basin  in North Dakota and Montana, focusing on firms’ ability to  improve well production over time through collaboration.  Results suggest that producers gain from experience with  fracturing and that proprietary additives are not generally  correlated with greater production but have value for some  firms. Experiential gains are stronger for operators than  for contractors, but some operator-contractor pairings have  productive value.},
      url = {http://ageconsearch.umn.edu/record/207739},
      doi = {https://doi.org/10.22004/ag.econ.207739},
}