Innovation in the Oil and Gas Industry

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Spring 2017

Direct notes from Ed

Will's project

  • A note: Will's project has some overlap so we might borrow from his data, or he from ours, or we might research together or something
  1. U.S. Publicly-traded firms (1980-present)
    1. Industry Definitions in NAICS codes for O&G vs. IT vs. BT, etc.
      1. According to Ed, Will might not be doing these as much as us
    2. Competition in markets
    3. Stocks and flows
    4. Branch offices
    5. Presence and size of Corp VC arms
    6. Joins to other data
      1. Flow and return of private equity deals
      2. Mean stock and flow of patents by year and industry
        1. Overlaps with us
      3. Mean stock and flow of venture backed by year and industry (# and $)
        1. Overlaps with us
      4. Mean flow of M&As by year and industry (# and $)
        1. Overlaps with us
      5. Mean stock and flow of JVs by year and industry (# and $?)
      6. Mean flow of Spinoffs by year and industry (# and $)
        1. Overlaps with us

Our project

  1. Open Innovation and Competition (Avesh & Carlin previously worked on Oil & Gas)
    1. Oil vs. other sectors - Is there open innovation for Oil & Gas?
    2. Other interns: ???
    3. Measures: M&A, spinoffs, patents, etc.
      1. A note: these can be taken from Will's project

General data we need to proceed

  • Patent data - knowledge of what we have & what we're looking for in the data
  • M&As by year and industry (# and $) (do we pull this from SDC?)
  • Spinoffs by year and industry (# and $) (do we pull this from SDC?)
  • How to do industry classifications
    • Did some work on this last semester but might want to revisit
  • limiting the data to companies in the S&P 500? Or no?

Skills we probably need to proceed

  • SQL technical skills - probably know basics but it might be good to know general ways we can manipulate the data once we get it
  • COMPUSTAT, SDC for companies' industry groups

Timeline

  • Should start off with a lit review

Fall 2016

General project info

  • Avesh will be researching patents (counting patents for firms in each industry categorization in the s&p500)
  • Carlin will use SDC to count aquistions and mergers for frims in each industry categorization in the s&p500
    • need help with search terms
  • still also to do: get R&D spending data from compustat

Notes from Ed

Let's start by pulling some basic data on the S&P 500 over time. COMPUSTAT can provide you with financials and NAICS codes. We can do some industry groupings from there. But you'll need an S&P 500 indicator from somewhere in WRDS, or we'll have to put together a list from other sources.


S&P Industry group

  1. consumer discretionary
  2. financials
  3. industrials
  4. energy
  5. food, beverages, and tobacco
  6. food and staples retailing
  7. Health care equipment and services
  8. household and personal products
  9. insurance
  10. materials
  11. media
  12. pharmaceuticals, biotechnology, and life sciences
  13. real estate
  14. retailing
  15. semiconductors and semiconductor equipment
  16. software and services
  17. technology hardware and equipment
  18. telecommunication services
  19. transportation
  20. utilities


Alt list from yahoo finance [1]

  1. basic materials (includes oil and gas)
  2. conglomerates
  3. consumer goods
  4. financial
  5. healthcare
  6. services
  7. technology
  8. utilities

S&P sub-industry

  1. Aerospace & Defense
  2. Air Freight & Logistics
  3. Airlines
  4. Auto Components
  5. Automobiles
  6. Beverages
  7. Biotechnology
  8. Building Products
  9. Capital Markets
  10. Chemicals
  11. Commercial Banks
  12. Commercial Services & Supplies
  13. Communications Equipment
  14. Computers & Peripherals
  15. Construction & Engineering
  16. Construction Materials
  17. Consumer Finance
  18. Containers & Packaging
  19. Distributors
  20. Diversified Consumer Services
  21. Diversified Financial Services
  22. Diversified Telecommunication Services
  23. Electric Utilities
  24. Electrical Equipment
  25. Electronic Equipment, Instruments & Components
  26. Energy Equipment & Services
  27. Food & Staples Retailing
  28. Food Products
  29. Gas Utilities
  30. Health Care Equipment & Supplies
  31. Health Care Providers & Services
  32. Health Care Technology
  33. Hotels, Restaurants & Leisure
  34. Household Durables
  35. Household Products
  36. Independent Power Producers & Energy Traders
  37. Industrial Conglomerates
  38. Industry
  39. Insurance
  40. Internet & Catalog Retail
  41. Internet Software & Services
  42. IT Services
  43. Leisure Equipment & Products
  44. Life Sciences Tools & Services
  45. Machinery
  46. Media
  47. Metals & Mining
  48. Multi-Utilities
  49. Multiline Retail
  50. Office Electronics
  51. Oil, Gas & Consumable Fuels
  52. Paper & Forest Products
  53. Personal Products
  54. Pharmaceuticals
  55. Professional Services
  56. Real Estate Investment Trusts (REITs)
  57. Real Estate Management & Development
  58. Road & Rail
  59. Semiconductors & Semiconductor Equipment
  60. Software
  61. Specialty Retail
  62. Textiles, Apparel & Luxury Goods
  63. Thrifts & Mortgage Finance
  64. Tobacco
  65. Trading Companies & Distributors
  66. Wireless Telecommunication Services
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