Abstract
The oil and gas industry has seen a significant increase in entrepreneurship among First Nations in the past five years as indigenous people are taking control of their petroleum resources across Canada. There are currently 1,600 active wells on Aboriginal lands, with 45 First Nations producing oil and gas. More than 175 companies have interests on First Nations lands. Many natives are turning to partnerships to reduce their risk and gain access to industry expertise. Some of the joint ventures include Tusk Energy at Saddle Lake and Suncor Energy with the Fort McKay First Nation near Fort McMurray. The 105 members of the Indian Resource Council of Canada (IRC) endorse these partnerships. The IRC, the agency responsible for the revenue collection, has reported that in 1999, the 403,000 hectares of oilfields on First Nations Lands have provided $80.4 million in royalty revenues. New efforts include a proposal by the southern Alberta Blood Nation to buy a refinery at Bowden owned by Parkland Industries. Parkland will buy the entire output for delivery to their service stations. This opportunity arose as a result of a land claim settlement with the federal government which gave the Blood Nation the right to buy 178
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Citation Formats
Chandler, G.
Finding allies : native partnerships 'way of the future'.
Canada: N. p.,
2001.
Web.
Chandler, G.
Finding allies : native partnerships 'way of the future'.
Canada.
Chandler, G.
2001.
"Finding allies : native partnerships 'way of the future'."
Canada.
@misc{etde_20148826,
title = {Finding allies : native partnerships 'way of the future'}
author = {Chandler, G}
abstractNote = {The oil and gas industry has seen a significant increase in entrepreneurship among First Nations in the past five years as indigenous people are taking control of their petroleum resources across Canada. There are currently 1,600 active wells on Aboriginal lands, with 45 First Nations producing oil and gas. More than 175 companies have interests on First Nations lands. Many natives are turning to partnerships to reduce their risk and gain access to industry expertise. Some of the joint ventures include Tusk Energy at Saddle Lake and Suncor Energy with the Fort McKay First Nation near Fort McMurray. The 105 members of the Indian Resource Council of Canada (IRC) endorse these partnerships. The IRC, the agency responsible for the revenue collection, has reported that in 1999, the 403,000 hectares of oilfields on First Nations Lands have provided $80.4 million in royalty revenues. New efforts include a proposal by the southern Alberta Blood Nation to buy a refinery at Bowden owned by Parkland Industries. Parkland will buy the entire output for delivery to their service stations. This opportunity arose as a result of a land claim settlement with the federal government which gave the Blood Nation the right to buy 178 hectares of land anywhere in Alberta. Another example of First Nation entrepreneurship goes back to 1983 when Akita Drilling Ltd. connected with Inuvialuit Development Corp. to form a joint venture called Akita-Equtak Drilling Ltd. Their major potential lies in non-renewable resources such as oil, gas and diamonds. A second partnership with Akita-Sahcho Drilling with the Acho Dene Koe was responsible for the Chevron K-29 gas find near Fort Liard in 1999 which is currently producing 65 mcf per day. The Akita-Sahtu Drilling Ltd. is another partnership which demonstrates that Akita has made itself ready for northern drilling revival. Akita, with its northern partnerships, has just bought a new $15 million rig designed for northern work and has three more under construction for use in the Mackenzie River area. There will be a total of 10 rigs working in the area for the 2001/2002 drilling season. 3 figs.}
journal = []
issue = {9}
volume = {52}
journal type = {AC}
place = {Canada}
year = {2001}
month = {Mar}
}
title = {Finding allies : native partnerships 'way of the future'}
author = {Chandler, G}
abstractNote = {The oil and gas industry has seen a significant increase in entrepreneurship among First Nations in the past five years as indigenous people are taking control of their petroleum resources across Canada. There are currently 1,600 active wells on Aboriginal lands, with 45 First Nations producing oil and gas. More than 175 companies have interests on First Nations lands. Many natives are turning to partnerships to reduce their risk and gain access to industry expertise. Some of the joint ventures include Tusk Energy at Saddle Lake and Suncor Energy with the Fort McKay First Nation near Fort McMurray. The 105 members of the Indian Resource Council of Canada (IRC) endorse these partnerships. The IRC, the agency responsible for the revenue collection, has reported that in 1999, the 403,000 hectares of oilfields on First Nations Lands have provided $80.4 million in royalty revenues. New efforts include a proposal by the southern Alberta Blood Nation to buy a refinery at Bowden owned by Parkland Industries. Parkland will buy the entire output for delivery to their service stations. This opportunity arose as a result of a land claim settlement with the federal government which gave the Blood Nation the right to buy 178 hectares of land anywhere in Alberta. Another example of First Nation entrepreneurship goes back to 1983 when Akita Drilling Ltd. connected with Inuvialuit Development Corp. to form a joint venture called Akita-Equtak Drilling Ltd. Their major potential lies in non-renewable resources such as oil, gas and diamonds. A second partnership with Akita-Sahcho Drilling with the Acho Dene Koe was responsible for the Chevron K-29 gas find near Fort Liard in 1999 which is currently producing 65 mcf per day. The Akita-Sahtu Drilling Ltd. is another partnership which demonstrates that Akita has made itself ready for northern drilling revival. Akita, with its northern partnerships, has just bought a new $15 million rig designed for northern work and has three more under construction for use in the Mackenzie River area. There will be a total of 10 rigs working in the area for the 2001/2002 drilling season. 3 figs.}
journal = []
issue = {9}
volume = {52}
journal type = {AC}
place = {Canada}
year = {2001}
month = {Mar}
}