Red Pheasant Cree Nation acquires controlling stake in Saskatchewan oilfield construction company

Red Pheasant Cree Nation has purchased a 70 per cent controlling stake in L&L Oilfield Construction, a Lloydminster-based oilfield construction contractor with more than 50 years of operational history across Alberta and Saskatchewan, as reported by Battlefords Now. The acquisition gives the First Nation direct ownership of an established construction business with approximately 250 employees, a fleet of over 150 units, and a skilled trades workforce comprising pipefitters, gas fitters, welders, scaffolders and insulators.

L&L Oilfield Construction was founded in 1970 and operated as a locally owned, third-generation family business for more than five decades. The company maintains four locations across Alberta and Saskatchewan, positioning it across one of Canada's most active oilfield construction and industrial services corridors.

Chief Cody Benson said: "This is a proud day for Red Pheasant Cree Nation. Taking controlling ownership of a company and history of L&L means good jobs for our members and a lasting benefit for our community."

The acquisition is framed by Red Pheasant Cree Nation as a significant step toward economic self-determination, with the business intended to serve as a source of long-term employment, trades training and career opportunities for community members. Beyond employment, the venture is designed to generate sustainable revenue to support the community's broader priorities and well-being.

Indigenous economic participation in the Canadian construction and natural resources sectors has grown significantly over the past decade. According to the Canadian Council for Aboriginal Business, Indigenous-owned businesses across Canada generated an estimated $30 billion (€27.6 billion) in annual economic activity in recent years, with construction and resource extraction among the leading sectors by revenue. Equity ownership of established contractors, rather than subcontracting arrangements, is increasingly seen as the more durable model for long-term community benefit.

The oilfield construction sector in Alberta and Saskatchewan continues to support substantial project volumes tied to oil sands maintenance, pipeline infrastructure and industrial facility services. For construction companies operating in this segment, access to a stable and committed local workforce is a persistent operational challenge, making community-based ownership structures an increasingly attractive model for both contractors and Indigenous nations seeking to build long-term capacity.

The deal represents a structural shift in how Red Pheasant Cree Nation engages with the regional construction economy, moving from participation as a labour supplier to direct ownership and operational control of a proven contracting business.

Get the full details of the acquisition in the complete article.