A growing body of literature examines how the rise of “neo-extractivist” states in Latin America is reconfiguring the relationship between resources, nation, territory, and citizenship. However, the implications for indigenous territorial projects remain underexplored. Ethnographic research in the Bolivian Chaco reveals the ways in which indigenous territorial projects are becoming implicated in and being reimagined amidst the spatializing struggles of a hydrocarbon state. The tension between indigenous peoples’ desire for inclusion in a hydrocarbon-based national development project and their experiences of dispossession by an expanding hydrocarbon frontier has given rise to competing modes of “hydrocarbon citizenship” in the Guaraní territory Itika Guasu, where a vision of corporate-sponsored indigenous autonomy is pitted against new forms of state-funded development patronage. These dynamics challenge resistance narratives and resource-curse theories, revealing how resources act as conduits for deeper postcolonial struggles over territory, sovereignty, and citizenship.