Recently, three incidents have rocked Assam: a coal mining concession in a part of Dehing-Patkai Elephant Reserve, an oil blowout in Baghjaan, and the extra-judicial killing of an Assamese youth in Jorhat by security forces and police. While the state narrative regarding Jayanta Bora, the deceased youth, seems to connect him with the United Liberation Front of Asom (ULFA) without any conclusive proof, multiple local media outlets have reported a different version of his death. This version states that Bora was seen taking photographs of trucks carrying illegal coal from the adjacent Naga hills, which might have had a role in his death. Meanwhile, different narratives have emerged from Baghjaan oil blowout as well. While one calls for a relook at the extractive economy and its power relations in Assam vis-a-vis the Indian state, another emphasize on reading it as an industrial disaster. In an interview with The Wire a few years ago economic commentator Swaminathan Ankalesaria Aiyar said, “Assamese chauvinism has long come in the way of oil exploration. The government must dismiss it for the narrow-minded silliness that it is,” suggesting how the Baghjaan oil blowout can be plotted in extractive relations of competing groups and nationalist aspirations. This essay seeks to reflect on the extractive economy, the historical and the contemporary, that has been at the centre of the development narrative in Assam.