 Bison's economy is agricultural and oil-based with oil wells on several farms and grain elevators by the Bison Cooperative Association, Star Mill and Burrus Mill companies.Bison was home to Bison State Bank from 1900 until 1933, when it closed due to the Great Depression.The Hotel Woodring was established in 1900 by Irvin and Ella Woodring, the parents of Irvin "Bertie" Woodring for whom Enid Woodring Regional Airport is named.