The Three Affiliated Tribes.
The Three Affiliated Tribes received approval from the Bureau of Indian Affairs and the Department of the Interior to take over a 469-acre piece of land near New Town in northwestern North Dakota, between Williston and Minot.
The Three Tribes raised $40million, the rest comes from issued bonds.
At the signing ceremony,...We grew up poor. We were lucky if we had a pair of clean overalls, Hall said. But our parents made sure we went to school and got educated. They did the best they could for us. They didnt know wed have this oil and gas resource, but now we do. Its our responsibility to manage it and we are.
Three Affiliated Tribes officials are talking to other tribes about inter-tribe commerce agreements to distribute diesel from its refinery. Representatives from several tribes, including the Spokane Tribe of Indians, attended the event and are interested in distributing the diesel.
- See more at: http://www.prairiebizmag.com/event/article/id/14552/#sthash.18x4ZDtj.dpuf
The tribes plan to use 190 acres of the land to build a refinery that will take crude oil from the nearby Bakken region and produce up to 13,000 barrels a day of diesel fuel, gasoline and propane, the Bismarck Tribune reported.
The rest of the land will be used to raise buffalo.
Tex Hall, chairman of the Three Affiliated Tribes - Mandan, Hidatsa and Arikara - said the more than 1,000 wells in the Fort Berthold Indian Reservation produce in excess of 180,000 barrels of oil a day. Compared directly with state production, that puts them among the top 10 oil producers in the nation.
Read more: http://billingsgazette.com/news/state-and-regional/montana/north-dakota-tribes-oil-output-rivals-u-s-states/article_75eb6dfa-50eb-5569-8b81-d8295e045d59.html#ixzz3JipX6Tf9