[6] Hazlet's economy is driven mostly by agriculture, raising cattle/bison, and energy including oil and natural gas.

Oil and gas exploration provides a substantial economic contribution to the village and surrounding area.

In 1981 Hazlet beat the Unity Cardinals in tournament play, a team that had nine American import players on the roster.

The Hazlet Elks went on to three-peat[clarification needed] as SMBL champions by taking the league title in 1987, 1988, and 1989.

Among these were Vince Akre, Don Anderson, Terry Bailey, Bill Boss, Peter Buchanan, Donnie Knutson, Harvey McIntosh, Sandy Starkey, Barry Stock, Mark Stock, Lyle Thoreson, and Donnie Zinn.

The Hazlet Elks had seven future Major League Baseball players or draft picks on their roster including Gerald Wagner,[12] Steve Reed,[13] Vince Shinholster,[14] Willie Hysaw,[14] Greg Mathews, Kurt Mattson, and Kernan Ronan.

Other future major league players that signed with the Elks but never played include Mark McGwire, Randy Johnson, and Cory Snyder.

[16] Hazlet attracted fans from all over southwest Saskatchewan to see the highest level of baseball being played in the province.

Those appointed were Leslie Colter, Rudolph Stock, Frank Dyball, John H. Boyer, Arthur E. Todd, Percy Pyne, Charles W. Perry, Charles J. Herriott, William T. Vilness, Ralph S. Bingham, John Munt, Joseph F. McAdam, Walter Weedon, Edward I. Olson, and Oscar A. Sannes, with J. H. Boyer as Secretary.

Branch 202 was re-organized in 1946, and the charter members were Frank McAdam, Leslie Colter, Owen Olsgard, Orland Robertson, George Bell, John McIver, and W. J. Burak.

The first recorded meeting was on November 5, 1946 in the McCabe grain elevator office with President Owen Olsgard, Secretary/Treasurer Frank McAdam and eight members present.

The attention then turned to the construction of a monument to servicemen from Hazlet and area who had made the supreme sacrifice.

Admission was 50 cents per person; the orchestra fee was $55.00, hall rent of $15.00, and the net profit for the evening was $4.00.

The barbecue in 1978, which was Hazlet’s 50th Anniversary year, had the largest attendance, catering to approximately 1,100 people in one hour.

The Lions club has supported numerous activities over the years including the Sandhills Relay, Youth Exchange students, dances, parades, pancake breakfasts, cabarets, curling, and other sporting events.

The United Catholic Anglican Lutheran Church women's group has supported events in Hazlet for generations.

They have frequently supported fundraising events, teas, bake sales, trade shows, community gatherings, and Bingos.

The RM of Pittville at Hazlet already had a health scheme, devised by William J. Burak, whereby its residents received both medical and hospital care for just under $11 per person per year.

Wishing to add the Pittville method of full medical care to the preventive program planned for the southwest, Burak wrote at his own expense to each municipality, town and village, visited each weekly newspaper editor, and called a public meeting to press for a full medical and hospital plan.

The Saskatchewan government, manoeuvred by Burak into initiating a more comprehensive scheme than the preventive medicine program it had planned, passed an Order-in-Council on December 11.

The regional scheme flowered when Dr. Vince Matthews, the public health officer, provided seamless integration of preventive work and medical care, a first in Canada.

In 2009 the community of Hazlet undertook a project to create the first wind powered recreation complex in Canada.

Standing Rock is a large glacial erratic left from the last ice age around 14,000 years ago.