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Yearly State Leasing Data

"In 2014, NYS Department of Environmental Conservation administered 79 leases on 44,464 acres of state land in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Ontario, Schuyler, Seneca, and Steuben Counties. There were 237 wells located on and/or unitized with state land associated with 65 of these leases paying production royalties."

"The 44,464 leased acres are unchanged from 2013."

"Revenues from oil and gas leases on state lands totaled $361,568 in 2014, a decrease of $41,072 from 2013. The decrease in leasing revenues paid to the state is attributed primarily to the drop in oil and natural gas prices during 2014. The average price of oil decreased from $98.45/bbl in 2013 to $94.75/bbl in 2014, while the average wellhead price of natural gas decreased from $3.52/mcf in 2013 to $3.34/mcf in 2014."

"Although nearly 59,000 acres of state land have been leased since 1999, only 37 (0.06%) of these acres have been disturbed by well drilling, access road and pipeline construction."

Crude Oil Prices: West Texas Intermediate (WTI) – Cushing, Oklahoma

Despite the recent spike at the gas price due to refineries being brought offline, crude oil prices remain low, since the 2015 price crash.

Data Source: U.S. Energy Information Administration, Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma [WCOILWTICO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WCOILWTICO, September 13, 2017.

UPDATE: Freight train derails along Newburgh waterfront

"A CSX freight train whose cargo includes sulfuric acid derailed Tuesday afternoon on the West Shore line tracks along the Hudson River near the New Windsor-Newburgh border."

"First responders, ambulances and CSX personnel have responded to the scene. No information about possible injuries is available at this time."

"According to CSX, an undetermined quantity of fuel may have leaked from one of the train's locomotives, but no leaks of sulfuric acid have been reported."

"The train is believed to have struck a vehicle or front-end loader and derailed, according to State Trooper Steven Nevel. A locomotive came to rest sitting across nearby River Road."

"The train derailed at about 3:30 p.m. while traveling from Selkirk, N.Y., to Waycross, Georgia, according to the railroad. It consists of three locomotives and 77 freight cars total, including 38 loads of freight and 39 empty cars. The freight includes cardboard, corn oil and glass products as well as sulfuric acid and sodium hydroxide, also known as lye."

Oil and Gas Extraction Jobs, 1972-2016

While the latest oil boom has created more jobs in the oil and gas industry, it's still far fewer then the jobs created in the late 1970s and 1980s, in part due to automation of oil and gas drilling equipment.

Data Source: U.S. Bureau of Labor Statistics, All Employees: Mining and Logging: Oil and Gas Extraction [CES1021100001], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CES1021100001, March 1, 2017.