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R E S O L U T I O N
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WHEREAS, Chevron has a notable 85-year history in the Permian |
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Basin, and it recently reached the five billion barrel production |
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milestone in this energy-rich region; and |
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WHEREAS, Through its legacy companies, Chevron traces its |
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roots in the Permian Basin to the early 1920s, and it has owned a |
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portion of approximately one in three barrels produced in the |
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basin; today, it ranks as the region's second largest oil producer |
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and employs 625 area residents; and |
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WHEREAS, Chevron owns nearly four million acres in West Texas |
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and southeastern New Mexico and operates approximately 11,000 |
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wells; net daily production from the Permian Basin is more than |
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115,000 barrels of oil equivalent composed of 55 percent oil, 34 |
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percent natural gas, and 11 percent natural gas liquids; by |
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employing cutting-edge technology, Chevron is prepared to extend |
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the life of mature fields while working to diminish its |
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environmental footprint in the region; and |
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WHEREAS, Permian Basin residents have greatly benefited from |
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Chevron's commitment to community engagement; the company strives |
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to promote economic development in the area and has donated to many |
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civic and charitable endeavors; it has provided area schools with |
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technology and additional resources and supports |
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student-development programs, while offering scholarships to |
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technology and training centers and to institutions of higher |
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learning; through the years, Chevron employees have given |
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generously of their time and talents, delivering almost 90,000 |
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meals as volunteers with Meals on Wheels and donating nearly 15,000 |
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hours in the course of the company's 18-year association with Lamar |
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Elementary School in Midland; moreover, they have supported the |
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Christmas In Action program for some 26 years, providing 35,000 |
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hours of assistance to this initiative, which benefits low-income |
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seniors and disabled citizens in the Midland area; and |
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WHEREAS, Since the early 1920s, Chevron has played an |
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integral role in the economic and civic life of the Permian Basin |
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area, and in so doing, it has contributed to the prosperity of the |
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Lone Star State; now, therefore, be it |
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RESOLVED, That the House of Representatives of the 82nd Texas |
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Legislature hereby congratulate Chevron on reaching the five |
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billion barrel production milestone and extend to all those |
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associated with the company sincere best wishes for continued |
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success; and, be it further |
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RESOLVED, That an official copy of this resolution be |
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prepared for Chevron as an expression of high regard by the Texas |
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House of Representatives. |