Faculty Directory

Student with Book and Laptop

James Smith


Professor of Finance
Cary M. Maguire Chair of Oil and Gas Management (Retired)

PhD, Economics, Harvard University

Fincher 430B


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Dr. James Smith has specialized in energy studies since receiving his PhD in economics from Harvard University in 1977 and has published many scholarly articles on the oil and gas industry.  Dr. Smith currently serves as co-editor of The Energy Journal - the flagship journal of the International Association for Energy Economics, and as president-elect of the United States Association for Energy Economics.  In addition to his academic duties at Southern Methodist University, Dr. Smith frequently provides consulting services to energy companies, regulatory agencies, and government officials, in the US and abroad.


Energy Economics
Energy  Finance
Real Options
Auction Theory

Recent publications

“Estimating the Future Supply of Shale Oil: A Bakken Case Study,” Energy Economics (vol. 69, 2018).

“OPEC’s Impact on Oil Price Volatility: The Role of Spare Capacity,” with Axel Pierru and Tamim Zamrik, The Energy Journal (vol. 39, no. 2, 2018).

“How and Why Petroleum Leases are Held by Production: Analysis of a Compound Option,” Land Economics (vol. 94, no. 1, 2018).

“The Price Elasticity of U.S. Shale Oil Reserves,” with Thomas K. Lee, Energy Economics (vol. 67, 2017).

“Is the Genie Back in the Bottle?” (An Introduction to the Special Issue in Honor of M. A. Adelman), with Carol Dahl and Michael Lynch, The Energy Journal (vol. 36, Special Issue 1, 2015).


Energy Finance
Risk Management
Game Theory
Managerial Economics