| 1 | 1 | | SENATE RESOLUTION NO. 190 |
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| 2 | 2 | | WHEREAS, The Senate of the State of Texas is pleased to |
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| 3 | 3 | | recognize the Texas Oil and Gas Association and to join its |
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| 4 | 4 | | members and partners in celebrating Virtual Texas Energy Day at |
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| 5 | 5 | | the Capitol on March 24, 2021; and |
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| 6 | 6 | | WHEREAS, Texas leads the nation in oil and natural gas |
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| 7 | 7 | | production, pipeline miles, and refining capacity, all of which |
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| 8 | 8 | | have led to an unprecedented level of national energy security; |
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| 9 | 9 | | the flourishing oil and natural gas industry plays a fundamental |
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| 10 | 10 | | role in the state's robust economy and is responsible for |
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| 11 | 11 | | directly and indirectly creating more than one million Texas |
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| 12 | 12 | | jobs; and |
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| 13 | 13 | | WHEREAS, Royalties from Texas oil and natural gas serve as |
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| 14 | 14 | | primary funding for the Economic Stabilization Fund, the |
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| 15 | 15 | | Permanent School Fund, and the Permanent University Fund; in |
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| 16 | 16 | | 2020, Texas school districts received more than $2 billion in |
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| 17 | 17 | | property taxes collected from industry holdings, and Texas |
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| 18 | 18 | | counties received more than $688 million in revenue from these |
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| 19 | 19 | | taxes; and |
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| 20 | 20 | | WHEREAS, The oil and natural gas industry is also a leading |
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| 21 | 21 | | investor in emission-reducing technologies and has helped drive |
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| 22 | 22 | | innovation in modern clean practices; efforts to reduce |
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| 23 | 23 | | emissions and flaring have led to new environmental solutions, |
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| 24 | 24 | | and less than one percent of natural gas produced in Texas is |
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| 25 | 25 | | flared or vented; and |
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| 26 | 26 | | WHEREAS, The oil and natural gas industry helps to power |
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| 27 | 27 | | economic prosperity, fortifies the state's energy security, and |
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| 28 | 28 | | makes possible the vast majority of products and materials |
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| 29 | 29 | | citizens use every day; it is indeed fitting that the Texas Oil |
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| 30 | 30 | | and Gas Association and its partners be recognized for their |
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| 31 | 31 | | contributions to the Lone Star State; now, therefore, be it |
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| 32 | 32 | | RESOLVED, That the Senate of the State of Texas, 87th |
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| 33 | 33 | | Legislature, hereby commend the members of the Texas Oil and Gas |
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| 34 | 34 | | Association and all who have contributed to the state's thriving |
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| 35 | 35 | | oil and natural gas industry and extend to them best wishes for a |
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| 36 | 36 | | rewarding Virtual Texas Energy Day at the Capitol; and, be it |
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| 37 | 37 | | further |
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| 38 | 38 | | RESOLVED, That a copy of this Resolution be prepared in |
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| 39 | 39 | | honor of this special event. |
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| 40 | 40 | | Birdwell |
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| 41 | 41 | | ________________________________ |
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| 42 | 42 | | President of the Senate |
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| 43 | 43 | | I hereby certify that the |
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| 44 | 44 | | above Resolution was adopted by |
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| 45 | 45 | | the Senate on March 24, 2021. |
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| 46 | 46 | | ________________________________ |
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| 47 | 47 | | Secretary of the Senate |
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| 48 | 48 | | ________________________________ |
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| 49 | 49 | | Member, Texas Senate |
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