The Crow Tribe of Montana signed a deal with an independent energy exploration company look for oil and gas on the reservation.
The lease with Golden Arrow Energy covers 7,680 acres in an area known as Squaw Creek. The tribe is renaming it to Million Dollar Creek.
The agreement calls for Golden Arrow to pay the tribe a royalty rate 3.25 points higher than the standard one. It also calls for expedited development.
Get the Story:
Crow Tribe signs lease with oil exploration firm
(The Billings Gazette 5/17)
Relevant Links:
Crow Tribe - http://www.crownations.net
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Crow Tribe signs oil and gas development deal
Tuesday, May 17, 2005
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