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The Chippewa Cree Tribe is forming energy company

February 9, 2006 /

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The Chippewa Cree tribal council is working on developing an energy company to earn more money from its resources and keep the profits local. The tribe now leases its land to gas companies for exploration and development. The gas companies keeps the bulk of the profits from the wells and the tribe gets a royalty.

The tribe’s idea is to become not only the owner of the land but also operator and developer, tribal attorney Dan Belcourt said. Chippewa Cree Tribal Energy would hire drillers to produce the gas wells and will keep a much larger portion of the profits.

Angela Brandt

Havre Daily News
[email protected]

Full Story: http://www.havredailynews.com/articles/2006/02/08/local_headlines/energy.txt

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