Tribal lands offer fertile drilling ground, but come prepared to help meet Indian goals
Journal Article
·
· Hart`s Oil and Gas World
OSTI ID:249816
Traditional leasing agreements don`t count as tribes seek a greater voice and working interests in developing their resources. Huge tracts of sparsely explored territory with potential oil reserves lie on Indian tribal lands, but don`t expect to take home a parcel for a one-eighth royalty deal. The Council of Energy Resource Tribes (CERT), an organization of 53 federally recognized U.S. Indian tribes, and four Canadian tribes, estimates that, in the lower 48 states, its members` lands contain 30% of the known low-sulfur strippable coal, 40% of the privately owned uranium, 4% of the proved oil and gas reserves, and substantial shale oil and geothermal reserves.
- OSTI ID:
- 249816
- Journal Information:
- Hart`s Oil and Gas World, Journal Name: Hart`s Oil and Gas World Journal Issue: 10 Vol. 87; ISSN 1075-5365; ISSN HOGWF6
- Country of Publication:
- United States
- Language:
- English
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