Thomas Covert is an Assistant Professor at the University of Chicago’s Booth School of Business and a Research Affiliate of the Energy Policy Institute at Chicago. He has sectoral expertise in the oil and gas industry, and extensive experience researching firm behavior in the industry. He studies how oil and gas companies make investment decisions, and how regulatory policies and market institutions affect the quality of those decisions. He has leveraged state-level administrative data on oil & gas operations to study engineering improvements in hydraulic fracturing, tradeoffs between pipeline and rail transportation of crude oil, and the efficiency of the mineral lease market. Covert holds a PhD in Business Economics from Harvard University.