Arkansas Survives Drilling Bust

The 10-year gas boom of the Fayetteville Shale came at an opportune time for the economy of Arkansas. Thousands of jobs were created and royalties poured into the state. Oil industry jobs went from 7,000 in 2006 to peak at of 12,000 in 20011-2012, and have now fallen back to 2006 levels. The oil boom brought Arkansas out of a recession and other industries built up and are now sustaining the state’s economy. Although new drilling is halted in Arkansas, the boost that the oil and gas industry gave the state for 10 years is now helping to mute the impact of low oil prices and maintain employment.