Skip Navigation

2015 Program

Skip Side Navigation

2015 Energy Finance Conference Program Outline

Wednesday, September 9, 2015

6:00 - 8:00 pmPre-conference reception (Holiday Inn Express & Suites Norman)

Thursday, September 10, 2015



8:00AM - 8:30AM 

Conference Registration and Continental Breakfast (Lobby of SNMONH Kerr Auditorium)

8:30AM - 8:45AM

Welcome and Conference Opening (Lobby of SNMONH Kerr Auditorium)

8:45AM - 10:30AM                                                                                                             

Session 1: Financialization of Energy Markets:

“Commodities as Collateral,” Ke Tang (Tsinghua University) and Haoxiang Zhu (MIT, Sloan School) 

  • Discussant: Louis Ederington (University of Oklahoma)

“Oil Consumption, Economic Growth, and Oil Futures: A Fundamental Alternative to Financialization,” Robert C. Ready (University of Rochester)

  • Discussant: Ing-Haw Cheng (Dartmouth College)

“The Price of Oil Risk,” Steven D. Baker (University of Virginia, McEntire School); Bryan R. Routledge (Carnegie Mellon University).

  • Discussant: Nikolai Roussanov (Wharton School, University of Pennsylvania).

10:30AM - 10:50AM

Coffee Break (Lobby of SNMONH Kerr Auditorium)

10:50AM - 12:35PM

Session 2: Asset Pricing in Energy Markets

“Financial Sector Stress and Asset Prices: Evidence from the Weather Derivatives Market,” Daniel R. Weagley (Georgia Tech)

  • Discussant: Ehud Ronn (University of Texas)

“Liquidity and Market Quality Around Predictable Trades: Evidence from Crude Oil ETF Rolls,” Kumar Venkataraman (Southern Methodist University); Allen Carrion (Lehigh University); Hendrik Bessembinder (University of Utah); Laura Tuttle (US Securities & Exchange Commission)

  • Discussant: Pradeep Yadav (University of Oklahoma)
  • Discussant: Kris Jacobs (University of Houston)

12:35PM - 2:00PM

Lunch (SNMONH Howell Plaza)

2:00PM - 3:10PM

Session 3: Company Actions and the Valuation of Energy Producers and Users

“Does Hedging Affect Firm Value? Evidence from a Natural Experiment,” Erik P. Gilje (Wharton School), Jérôme P. Taillard (Babson College)

  • Discussant: David Haushalter (Pennsylvania State University)

“Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment,” Philipp Krüger (University of Geneva & Swiss Finance Institute)

  • Discussant: Sergey Tsyplakov (University of South Carolina)

3:10PM - 3:40PM

Coffee Break (lobby of SNMONH Kerr Auditorium)

3:40PM - 5:00PM

Keynote Speech: "Learning, Heterogeneous Beliefs, and Asset Prices," Kenneth Singleton (Stanford University)

5:00PM - 6:00PM

Museum Tour and Break

6:00PM - 6:30PM

Reception and Drinks (SNMONH Howell Plaza)

6:30PM - 9:00PM

Gala Dinner (SNMONH Samedan Oil Great Hall)

Speaker: Stephen Harvey, US Energy Information Administration.

Friday, September 11, 2015

All academic sessions will take place at the Kerr Auditorium of the University of Oklahoma's Sam Noble Museum of Natural History (SNMONH)



8:00AM - 8:30AM  

Continental Breakfast and Poster Session for PhD Student Energy Research (Lobby of SNMONH Kerr Auditorium)

8:30AM - 10:15AM                                                                   

Session 4: Risk Premiums in Energy Markets

“A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil,” Christiane Baumeister (Bank of Canada); Lutz Kilian (University of Michigan)

  • Discussant: Michel Robe (American University)

“Unspanned Macroeconomic Risks in Oil Futures,” Davidson Heath (University of Utah)

  • Discussant: Cynthia Wu (University of Chicago)

“Exploration Activity, Long Run Decisions, and the Risk Premium in Energy Futures,” Alexander David (University of Calgary)

  • Discussant: John Parsons (MIT Sloan School)

10:15AM - 10:35AM

Coffee Break (lobby of SNMONH Kerr Auditorium)

10:35AM- 12:20PM

Session 5: Real Decisions in Energy Markets

"The Option to Hold a Petroleum Lease by Production: A User's Guide to the Shale Gas Drilling Boom,” James L. Smith (Southern Methodist University)

  • Discussant: Chester Spatt (Carnegie Mellon University)

“Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution,” Erik Gilje (Wharton School); Robert Ready (University of Rochester); Nikolai Roussanov (Wharton School)

  • Discussant: Harold Zhang (University of Texas at Dallas)

“Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale,” Thomas R. Covert (University of Chicago)

  • Discussant: Lucija Muehlenbachs (University of Calgary and Resources for the Future

12:20PM - 1:30PM 

Lunch and Conference Close (SNMONH Howell Plaza)