They have several oil fields on that ranch today
and would say roughly and conservatively are worth several hundred million
dollars. What did they do it with? Ranching and oil and gas. Let us compare
that with this reservation. The reservation is larger in acres, in resources.
You have vast grazing lands very superior to the ranges in that ranch. You have
an abundant water supply. The grass is better. You have natural grasses here,
where the King ranch has spent thousands of dollars to develop the grass. Now,
your oil and gas resources. There are about eight prospects on this
reservation. If only one of those prospects proves productive to any extent,
your financial worries would be ended. It is quite possible that two or three
or four of those prospects will prove productive in dollars and cents. In
estimating, even with your oil in place, that could amount to a billion dollars
in all value. That isn’t considering either what could be done with that crude
oil in the way of developing your own refinery. There is a great profit in the
refining of oil. If the Indians could reserve enough lands in these lease
blocks to develop their own land, do their own drilling, they would have enough
oil reserve to warrant a good sized refinery.
-The Sacred Buffalo Vision by Robert J. Juneau and Robert C. Juneau
pg.158
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