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GasBuddy News Article

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Oil money helps ND tribe become debt-free

Dickinson Press -- NEW TOWN (AP) — Oil and gas development on the Fort Berthold Reservation in northwestern North Dakota is boosting the coffers of the Three Affiliated Tribes. The Mandan, Hidatsa and Arikara Nation was $110 million in the red just two years ago, but will become debt-free this year. Tribal Chairman Tex Hall says in his annual report that a fund that will pay dividends to enrolled tribal members has grown to $100 million. He says another $18 million has been invested in a tribal mortgage company that will help tribal members buy homes. Hall says the tribe will work during this year's state Legislature to get a bigger share of oil and gas taxes.

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Submitted Jan 08, 2013 By: bar1035
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Author Topic: Oil money helps ND tribe become debt-free Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 10, 2013 10:02:12 PM

the tribes got into the red in the first place b/c they were swindled out of their rightful places.
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gravityhurts
Champion Author North Carolina

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Message Posted: Jan 9, 2013 6:53:31 AM

Awesome
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BoerneWatch
Champion Author San Antonio

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Message Posted: Jan 9, 2013 1:47:26 AM

The good news?

They will be debt free.

The bad news?

They will eventually spend more than they take in and be in worse shape.

This is not a racist thing. It is just a simple truth of any governing body anywhere on this planet at any time in history.
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obimerrill
Champion Author Cincinnati

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Message Posted: Jan 8, 2013 11:02:52 PM

Good...now if Obama can learn from them, we might have hope.
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ExplorerWA
Champion Author Washington

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Message Posted: Jan 8, 2013 11:01:53 PM

Now let's make America debt free and do the same thing. Develop our resources.
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crreed1
Champion Author West Virginia

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Message Posted: Jan 8, 2013 10:23:36 PM

good for them
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10k
Champion Author North Carolina

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Message Posted: Jan 8, 2013 10:16:12 PM

now if nobama will stay outta north dakota, maybe they, along with alaska, can survive this "nobama doom economy"..
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rsox67
Champion Author Connecticut

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Message Posted: Jan 8, 2013 10:12:37 PM

Wow
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naspa
Champion Author Cleveland

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Message Posted: Jan 8, 2013 10:11:53 PM

I imagine their delight! Or maybe they didn't really care about that debt anyway.
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Number43
Champion Author Lexington

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Message Posted: Jan 8, 2013 10:10:52 PM

Drill baby drill. Maybe it will help the US become deubt free. No! I doubt it. Obummer would just spend it.
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tedjm1
Champion Author New York

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Message Posted: Jan 8, 2013 10:09:22 PM

Good for them
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CarefreeVT
Champion Author Burlington

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Message Posted: Jan 8, 2013 10:08:15 PM

WOW, Imagine that... Energy allowing a "people" to pay off their debts...
Hint Hint Congress... Harness renewables while using what we have responsibly.
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Mowerman08
Champion Author Milwaukee

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Message Posted: Jan 8, 2013 10:07:53 PM

so good from oil
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rahcat
Champion Author Grand Rapids

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Message Posted: Jan 8, 2013 10:07:45 PM

Oil revenue and casino's.....a winning combination.
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regout
Champion Author Quebec

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Message Posted: Jan 8, 2013 10:07:36 PM

They are going to be richer and richer and buy every thing.
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ican2step
Champion Author Pittsburgh

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Message Posted: Jan 8, 2013 10:06:42 PM

Well, it is THEIR land.
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 8, 2013 10:05:55 PM

It could also work for the federal government, if they'd institute export tariffs on petroleum products leaving North America.
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FrankTA2
Champion Author New York

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Message Posted: Jan 8, 2013 10:05:11 PM

Excellent!!!
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mpg611
Champion Author Cleveland

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Message Posted: Jan 8, 2013 10:04:39 PM

They did all that without raising taxes? Imagine that.
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Jan 8, 2013 10:04:25 PM

good news for these tribes
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jan 8, 2013 10:04:20 PM

Good
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skysteve1
Champion Author Victoria

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Message Posted: Jan 8, 2013 10:04:20 PM

Very good
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JamesCalvin
Champion Author Lancaster

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Message Posted: Jan 8, 2013 10:02:27 PM

Wow@!
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cheaper0ON
Champion Author Ontario

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Message Posted: Jan 8, 2013 10:02:20 PM

Cool.
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Jmac2008
Champion Author Missouri

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Message Posted: Jan 8, 2013 9:59:07 PM

good that someone other than big oil is profiting
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nwsynthetics
Champion Author Oregon

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Message Posted: Jan 8, 2013 9:56:17 PM

Good for them. I hear an ad on the radio all teh time he has money to loan and he is part of a tribe and has money. Its not a payday loan, its lower. (apr is yikes)
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abcdMA
Champion Author Worcester

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Message Posted: Jan 8, 2013 9:53:16 PM

At least someone is
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WIWalt
Champion Author Wisconsin

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Message Posted: Jan 8, 2013 9:51:24 PM

good
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KhelbenArunson
Champion Author Michigan

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Message Posted: Jan 8, 2013 9:51:08 PM

And the rest of us go deeper into debt.
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wshho51
Rookie Author Tampa

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Message Posted: Jan 8, 2013 9:49:01 PM

Still don't know why we don't tax them!
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Chris46
Champion Author Dayton

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Message Posted: Jan 8, 2013 9:46:46 PM

Good, we won't have to support them.
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BREW9
Champion Author Tampa

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Message Posted: Jan 8, 2013 9:46:23 PM

good
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stpatrickbday
Champion Author Albuquerque

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Message Posted: Jan 8, 2013 9:42:01 PM

Just another excuse to raise gas prices.
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cupboy
Champion Author Salt Lake City

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Message Posted: Jan 8, 2013 9:36:35 PM

Still in a tribe after all these years. Will these people ever evolve?
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Dragnet
Champion Author Arizona

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Message Posted: Jan 8, 2013 9:35:58 PM

Isn't this something. How much will be wasted on booze?
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myambro
Champion Author Sacramento

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Message Posted: Jan 8, 2013 9:31:08 PM

Cool.
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sydb7
Champion Author Atlanta

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Message Posted: Jan 8, 2013 9:25:22 PM

Good for them, I hope they don't squander this windfall!
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sehonda
Champion Author Honolulu

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Message Posted: Jan 8, 2013 9:24:23 PM

about time - their ancestors suffered a lot from the 'discovers' of their land...
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suzmar
Champion Author Texas

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Message Posted: Jan 8, 2013 9:24:12 PM

Good for them. We should be doing all the drilling we can.
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cssco
Champion Author Virginia

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Message Posted: Jan 8, 2013 9:23:23 PM

Great news, I am happy for them however, any day now someone will knock on the door and say, I am here from the Government and am here to help.
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jnseyeongas
Champion Author Milwaukee

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Message Posted: Jan 8, 2013 9:22:52 PM

Glad to see some good is going in the direction of the indians in ND
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DEG
Champion Author Las Vegas

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Message Posted: Jan 8, 2013 9:21:51 PM

Too bad our politicians aren't allowing drilling on public lands to pay down Obama's $5trillion in debt in the past four years.
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ericbcire
Champion Author Nevada

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Message Posted: Jan 8, 2013 9:21:14 PM

Good for them.
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bridgerunner
Champion Author Virginia

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Message Posted: Jan 8, 2013 9:20:33 PM

Good for them!
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clermont40miles
Champion Author Cincinnati

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Message Posted: Jan 8, 2013 9:19:00 PM

And may our tribe join theirs in becoming debt free.

They must somehow not be spending more than they take in.

Naw, our tribe can never do that! Look at the chief! Look at the squaws! Look at the horse's rear ends, all!

Our tribe is being decimated and will soon pass.
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BBHybrid
Champion Author Pittsburgh

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Message Posted: Jan 8, 2013 9:15:26 PM

casinos and oil made millionairs ...
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Carol7777
Champion Author Houston

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Message Posted: Jan 8, 2013 9:13:11 PM

Good for the Indians! Let's just hope there are no hidden health hazzards involved.
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mstearno
Champion Author Dayton

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Message Posted: Jan 8, 2013 9:11:26 PM

good for them
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Buddy2264
Champion Author Tampa

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Message Posted: Jan 8, 2013 9:09:35 PM

Hope they all put the money to good use and good homes. But they need to learn how to spend the money wisely and still make an income as do we all.
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AnObserver
Champion Author New Jersey

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Message Posted: Jan 8, 2013 9:08:41 PM

A silver lining
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