Show OIL LEASING PUTS UTE TRIBE IN THE MONEY according to an article from ft duchesne uintah county the ute tribe is in the money oil progress in the last seven years has meant to the members of the tribe according to the ft duchesne agency uintah ouray reservation agency officials stated that the utes had acres of their reservation under lease as of oct 1 1953 was received by the ute indian bands during fiscal 1953 proceeds of the tribes and individual indian the tribes and individual lands amounted to during fiscal 1952 the funds which the indians have received represent payment of bonus money for right to lease rentals at an acre annually and royalties from oil production amounting to 12 wt per cent this beginning of a new source of income which has been responsible in a large degree for the economic prosperity the indians enjoy today was when the first lease was executed by the indians in 1946 it amounted to 2560 acres for which the tribes received six cents and acre bonus money the highest bonus bid ever offered for indian lands was made jointly by three companies phillips petroleum co stano lind oil and gas company and the carter oil company it was for an acre there have been nine oil wells drilled to date on ute lands six of them productive three dry d ry and abandoned I 1 the tribes joined in a unit agreement covering roosevelt pool As a consequence the indians instead of receiving four well in the uintah duches ne county field get 65 70 per pel cent of the production while ranchers share in the remainder the tribes also get one third compensatory royalties for dral drai nage from the whitlock tat taylor y 1 no I 1 wildcat completed by G gulf u or if oil corporation out side the roosevelt pool unit the indians have received reci ived to date some in bonus money payments and in n oil oi 1 royalties since discovery in in 1919 indians on allotment lands have received personally some since inception of oil interest in the uintah basin in 1946 |