% chktex-file 44


\begin{longtable}{p{7.5cm} p{7.5cm}}
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  % Begin header
  % \endfirsthead
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  %Header 1 & Header 2 & Header 3 % <-- DON’T add any ’end line’ commands
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  \caption{Fixed effect subsidy model} \label{FIXEDREG} \\
  %\hline
  %\hline
  \hline\hline
   & \underline{Dependent Variable:   } \tabularnewline
  State & Subsidy equivalent (MCF/BBL) \tabularnewline \hline
  \endfirsthead
   \endhead
   TX & 0.013 \tabularnewline 
  & (0.103) \tabularnewline 
 OH & 0.659\textsuperscript{***} \tabularnewline 
  & (0.070) \tabularnewline 
 CA & 0.047 \tabularnewline 
  & (0.069) \tabularnewline 
 CO & 0.021 \tabularnewline 
  & (0.103) \tabularnewline 
 FO GULF & 0.230\textsuperscript{**} \tabularnewline 
  & (0.103) \tabularnewline 
 ND & 0.056 \tabularnewline 
  & (0.103) \tabularnewline 
 NY & 0.025 \tabularnewline 
  & (0.070) \tabularnewline 
 MT & -0.068 \tabularnewline 
  & (0.103) \tabularnewline 
 AR & -0.008 \tabularnewline 
  & (0.103) \tabularnewline 
 KY & -0.059 \tabularnewline 
  & (0.070) \tabularnewline 
 LA & -0.211\textsuperscript{**} \tabularnewline 
  & (0.103) \tabularnewline 
 NM & 0.017 \tabularnewline 
  & (0.103) \tabularnewline 
 OK & -0.003 \tabularnewline 
  & (0.103) \tabularnewline 
 NE & -0.193\textsuperscript{*} \tabularnewline 
  & (0.103) \tabularnewline 
 MS & -0.204\textsuperscript{**} \tabularnewline 
  & (0.103) \tabularnewline 
 FL & 0.039 \tabularnewline 
  & (0.080) \tabularnewline 
 AL & -0.165 \tabularnewline 
  & (0.103) \tabularnewline 
 TN & 0.072 \tabularnewline 
  & (0.069) \tabularnewline 
 SD & -0.054 \tabularnewline 
  & (0.104) \tabularnewline 
 UT & 0.026 \tabularnewline 
  & (0.104) \tabularnewline 
 AK & 0.060 \tabularnewline 
  & (0.106) \tabularnewline 
 VA & -0.096 \tabularnewline 
  & (0.070) \tabularnewline 
 PA & 0.022 \tabularnewline 
  & (0.070) \tabularnewline 
 WV & 0.063 \tabularnewline 
  & (0.070) \tabularnewline 
 WY & -0.073 \tabularnewline 
  & (0.103) \tabularnewline 
\hline
\hline % \tabularnewline[-1.8ex] 
Observations & 736,509 \tabularnewline 
R$^{2}$ & 0.502 \tabularnewline
Adjusted R$^{2}$ & 0.502 \tabularnewline
Residual Std. Error & 0.180 (df = 736392) \tabularnewline
F Statistic & 6,410.285$^{***}$ (df = 116; 736392) \tabularnewline
\hline \tabularnewline[-1.8ex]
\multicolumn{2}{l}{\emph{Note:} See appendix \nolinebreak\cref{APEND_SUB} for all results.} \vspace{2mm}\\
\hspace{0.0cm} $^{***}$ Significant at the one percent level.\\
\hspace{0.0cm} $^{**\nobreakspace}$ Significant at the five percent level.\\
\hspace{0.0cm} $^{*\nobreakspace\nobreakspace}$ Significant at the 10 percent level.\\
\hline \hline
\end{longtable} 
%Baselines are \textbf{\emph{year}} (1992), \textbf{\emph{state}} (Florida Pacific), \textbf{\emph{basin}} (Florida Other). The selected reference basin and state had the median subsidy rate. See appendix \nolinebreak\cref{APEND_SUB} for results with basin fixed effects and covariates.

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