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CONCURRENT RESOLUTION
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WHEREAS, The year 2013 marks a special milestone in the rich |
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history of Fasken Oil and Ranch, Ltd., with the observance of its |
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100th anniversary; and |
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WHEREAS, Fasken Oil and Ranch originated in 1913, when David |
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Fasken, a barrister from Toronto, Canada, purchased 222,000 acres |
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of land, known as C Ranch, located northwest of Midland; this |
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initial investment laid the foundation for future development and |
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the expansion of the company, which was further secured when oil was |
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discovered on the land in 1942; and |
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WHEREAS, In the 1950s, David Fasken's grandson, David Fasken, |
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Jr., began his own oil and gas exploration and production efforts on |
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the property and expanded the company's holdings by acquiring |
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ranches in Webb, Reeves, and Culberson Counties; he passed away in |
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1982, and his wife, Barbara Fasken, consolidated the various family |
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operations into one organization; and |
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WHEREAS, Today, Fasken Oil and Ranch, Ltd., employs 200 |
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people; it continues to be a leader in oil and gas exploration and |
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has diversified to include real estate development, including its |
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latest project, The Vineyard, a master-planned community that will |
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integrate Fasken Headquarters, residential housing, and commercial |
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and retail space; and |
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WHEREAS, Since 1957, the company has contributed annually to |
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local charitable causes through the Fasken family's Prairie |
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Foundation; in recent years, it has funded college scholarships and |
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supported local organizations that strengthen families and provide |
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services to children in need; and |
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WHEREAS, The well-being of the people of Texas depends on a |
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vibrant, diversified economy, and Fasken Oil and Ranch, Ltd., is to |
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be commended for the role it plays in furthering the prosperity of |
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the Lone Star State; now, therefore, be it |
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RESOLVED, That the 83rd Legislature of the State of Texas |
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hereby congratulate Fasken Oil and Ranch, Ltd., on its 100th |
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anniversary and extend to the Fasken family and the company's |
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management and employees best wishes for the future; and, be it |
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further |
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RESOLVED, That an official copy of this resolution be |
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prepared for the company as an expression of high regard by the |
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Texas House of Representatives and Senate. |