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SENATE RESOLUTION
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WHEREAS, The Senate of the State of Texas is pleased to |
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recognize the Texas energy industry and to join its members and |
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partners in celebrating Texas Energy Day at the Capitol on |
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February 4, 2025; and |
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WHEREAS, Texas leads the nation in oil and natural gas |
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production, pipeline miles, and refining capacity, all of which |
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have led to an unprecedented level of national energy security; |
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the oil and natural gas industry plays a fundamental role in the |
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state's robust economy and is responsible for directly and |
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indirectly creating more than one million Texas jobs; and |
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WHEREAS, Taxes and royalties from Texas oil and natural |
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gas serve as primary funding for the Economic Stabilization Fund, |
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the Permanent School Fund, the Permanent University Fund, and the |
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State Highway Fund; last year, Texas school districts received |
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nearly $3 billion in property taxes collected from industry |
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holdings, and Texas counties received more than $1 billion in |
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industry tax revenue; and |
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WHEREAS, The oil and natural gas industry helps to power |
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economic prosperity, fortifies the state's energy security, and |
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makes possible the vast majority of products and materials |
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citizens use every day; it is indeed fitting that the Texas |
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energy industry and its partners be recognized for their |
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contributions to the Lone Star State; now, therefore, be it |
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RESOLVED, That the Senate of the State of Texas, 89th |
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Legislature, hereby commend the members of the Texas energy |
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industry and all who have contributed to the state's thriving oil |
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and natural gas industry and extend to them best wishes for a |
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rewarding Texas Energy Day at the Capitol; and, be it further |
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RESOLVED, That a copy of this Resolution be prepared in |
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honor of this special event. |