| |
| |
|
|
CONCURRENT RESOLUTION
|
|
|
WHEREAS, L. D. "Buddy" Sipes Jr. is being inducted into the |
|
|
Petroleum Hall of Fame on May 2, 2019; and |
|
|
WHEREAS, The Petroleum Hall of Fame, established in 1967 by |
|
|
the Permian Basin Petroleum Museum in Midland, recognizes |
|
|
individuals who have made outstanding contributions to the |
|
|
development of the petroleum industry or who have inspired others |
|
|
through their achievements, service, or strength of character; and |
|
|
WHEREAS, A native of Big Spring, Mr. Sipes graduated with |
|
|
honors from Texas Tech University in 1957 with a bachelor's degree |
|
|
in petroleum engineering; he worked for Core Laboratories in |
|
|
Dallas, Midland, and Paris, France, and went on to purchase a |
|
|
petroleum consulting firm that he and his business partners renamed |
|
|
Sipes, Williamson & Associates; in 1980, he formed Chisos |
|
|
Operating, an independent oil and gas firm, and he later founded |
|
|
Diversified Remediation, an environmental cleanup company based in |
|
|
Houston; and |
|
|
WHEREAS, This esteemed Texan has earned a well-deserved |
|
|
reputation as an expert in his field, particularly in the areas of |
|
|
reservoirs and evaluating reserves; he has been instrumental in the |
|
|
establishment of globally recognized definitions and standards for |
|
|
reservoir engineering that have been utilized by the Texas Water |
|
|
Development Board and the U.S. Department of Energy in planning |
|
|
efforts and policy decisions; the coauthor of several published |
|
|
papers, he has contributed data and calculations that have been |
|
|
referenced in numerous publications; and |
|
|
WHEREAS, Through his hard work and commitment to innovation, |
|
|
Buddy Sipes has distinguished himself as a successful and |
|
|
influential figure in an industry that stands at the heart of the |
|
|
Texas economy, and it is truly fitting that he should receive this |
|
|
prestigious honor; now, therefore, be it |
|
|
RESOLVED, That the 86th Legislature of the State of Texas |
|
|
hereby congratulate L. D. "Buddy" Sipes Jr. on his induction into |
|
|
the Petroleum Hall of Fame and extend to him sincere best wishes for |
|
|
the future; and, be it further |
|
|
RESOLVED, That an official copy of this resolution be |
|
|
prepared for Mr. Sipes as an expression of high regard by the Texas |
|
|
House of Representatives and Senate. |