Oil and Gas Wells in NY State

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Oil and Gas Wells in NY State
Peak Oil

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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."