The website indicated that the company's strategy would be to first develop existing land holdings and seek out new oil and gas leases.

Most oil and gas leases provide for a primary and secondary term.

Royalties from offshore oil and gas leases would provide the money, giving the program an interesting symmetry.

Of the $1 billion a year proposed by Senator Chafee, $300 million would come from offshore oil and gas leases.

Existing oil and gas leases (which provide less than 1 percent of domestic production) would stay in place.

Establish a "Use it or lose it" approach to existing oil and gas leases granted for federal land.

Raising stock and oil and gas leases are important revenues streams for the reservation.

They were accused of deceptive sales practices involving Federal oil and gas leases.

In addition to getting $200 million in cash, Columbia will receive a royalty interest in certain oil and gas leases.

The land program would be paid for from an existing trust fund financed by royalties from offshore oil and natural gas leases.