 During the 1970s Allison and the surrounding area benefited from the natural gas and oil development in the Panhandle-Hugoton field, the largest-volume gas field in the United States, and the world's largest known source of helium.Between 1973 and 1993 the field produced over eight trillion cubic feet (230,000,000 m³) of gas.For years, the Allison Independent School District served the community's students.