Are states more interested in claiming territories that have economic resources? While previous theories of international relations assume that resources make a territory more tempting to claim, all else equal, I argue that certain types of economic resources can make states less willing to claim a territory. The presence of capital-intensive resources—such as oil or minerals—raises concerns about how the benefits of acquiring the territory would be distributed within the nation. These distributional concerns make it harder and costlier for leaders to mobilize widespread and consistent support for claiming resource-rich lands. Using original geocoded data on territorial claims in South America from 1830 to 2001, I show that states are indeed less likely to claim lands that have oil or minerals, even when they can be claimed for historical or administrative reasons. I then illustrate the theoretical mechanism through a case study of Bolivia, comparing Bolivian attitudes toward reclaiming its two lost provinces, the Chaco and the Litoral. By showing how the presence of economic resources can become a liability in mobilizing unified support, this paper questions the widespread assumption that resources make territories more desirable to claim.