Oil, gas leases net Blood Tribe $50 million
Agreements allowing two oil and gas companies access to land on the Blood First Nation have netted the southern band at least $50 million.
“It’s money up front when the final lease is executed,” said David Shade, general manager with Kainaiwa Resources, responsible for negotiating leases for the band. The money will be placed into the band’s capital account in Ottawa by Indian and Northern Affairs Canada.
