AQUA BOOK 2014 - Page 26

Live Oak County Expansion in the oil and gas drilling activity has significantly altered Live Oak county’s economic landscape. The mining sector now accounts for nearly one third of all jobs in the county. In 2013, 130 individuals worked in oil and gas extraction, compared to 17 in 2009. In those years, employment in oil and gas supporting activities also increased 10 times to over 1,000 positions in 2013. Restaurants and retail stores that support oilfield activity have also undergone significant expansion. Those businesses together now hire one fifth of the county workforce. Employment Growth 2012-13 by Industry Government Other Services (except Public Admin) Accommodation & Food Services Arts & Recreation Health Care & Social Assistance Educational Services (Private) Administrative & Support Management of Businesses Professional & Scientific Services Real Estate & Rental Finance & Insurance Information Transportation & Warehousing Retail Trade Wholesale Trade Manufacturing Construction Utilities Mining Agriculture Oilfield employment continued to expand between 2012 and 2013. In addition to accommodation and food services, the oil boom has added additional pressure on the market for temporary housing, which added 50 percent jobs in 2013. Meanwhile, the industries of business and trade services have also undergone significant expansion. -40% -20% The fortunes of businesses in Live Oak county have been subject to development in shale oil and gas production activity. After a dramatic surge in 2008 and again in 2010, business receipts continued to expand but at a relatively moderate pace through the end of 2013. The previous housing boom ended in 2006 with a record number of 17 new homes constructed in that county. Fewer houses have been built since then, and much of the impact from the soaring oil and gas drilling activity has fallen on tempo