H.R. No. 783
R E S O L U T I O N
WHEREAS, Chevron has a notable 85-year history in the Permian
Basin, and it recently reached the five billion barrel production
milestone in this energy-rich region; and
WHEREAS, Through its legacy companies, Chevron traces its
roots in the Permian Basin to the early 1920s, and it has owned a
portion of approximately one in three barrels produced in the
basin; today, it ranks as the region's second largest oil producer
and employs 625 area residents; and
WHEREAS, Chevron owns nearly four million acres in West Texas
and southeastern New Mexico and operates approximately 11,000
wells; net daily production from the Permian Basin is more than
115,000 barrels of oil equivalent composed of 55 percent oil, 34
percent natural gas, and 11 percent natural gas liquids; by
employing cutting-edge technology, Chevron is prepared to extend
the life of mature fields while working to diminish its
environmental footprint in the region; and
WHEREAS, Permian Basin residents have greatly benefited from
Chevron's commitment to community engagement; the company strives
to promote economic development in the area and has donated to many
civic and charitable endeavors; it has provided area schools with
technology and additional resources and supports
student-development programs, while offering scholarships to
technology and training centers and to institutions of higher
learning; through the years, Chevron employees have given
generously of their time and talents, delivering almost 90,000
meals as volunteers with Meals on Wheels and donating nearly 15,000
hours in the course of the company's 18-year association with Lamar
Elementary School in Midland; moreover, they have supported the
Christmas In Action program for some 26 years, providing 35,000
hours of assistance to this initiative, which benefits low-income
seniors and disabled citizens in the Midland area; and
WHEREAS, Since the early 1920s, Chevron has played an
integral role in the economic and civic life of the Permian Basin
area, and in so doing, it has contributed to the prosperity of the
Lone Star State; now, therefore, be it
RESOLVED, That the House of Representatives of the 82nd Texas
Legislature hereby congratulate Chevron on reaching the five
billion barrel production milestone and extend to all those
associated with the company sincere best wishes for continued
success; and, be it further
RESOLVED, That an official copy of this resolution be
prepared for Chevron as an expression of high regard by the Texas
House of Representatives.
Craddick
______________________________
Speaker of the House
I certify that H.R. No. 783 was adopted by the House on March
17, 2011, by a non-record vote.
______________________________
Chief Clerk of the House