That's the conclusion reached by a recent study undertaken by researchers at Duke University according to this article in Science 2.0: "Oil and gas development from shale fields leads to high-paying jobs and a boost to property taxes, sales taxes and state-collected severance taxes or fees. Do they outweigh the increased costs related to road damage heavy truck traffic, water and sewer service expansion, government staffing and other needs brought on by rapid population growth? *** An analysis of data from communities surrounding 10 oil and gas "plays" from September 2013 through February 2014, in Arkansas, Colorado, Louisiana, Montana, North Dakota, Pennsylvania, Texas and Wyoming found that the net impact of recent oil and gas development has been positive for local public finances."
You can get a copy of the Duke report here.