2023S0216-1 02/24/23
By: Birdwell S.R. No. 243
SENATE RESOLUTION
WHEREAS, The Senate of the State of Texas is pleased to
recognize the Texas energy industry and to join its employees,
advocates, and partners in celebrating Texas Energy Day at the
Capitol 2023 on March 7, 2023; and
WHEREAS, Texas leads the nation in oil and natural gas
production, pipeline miles, and refining capacity, all of which
have made our state, nation, and the world stronger, more
efficient, and better connected and supplied with goods; and
WHEREAS, The industry's positive economic impact on Texas,
including the payment of $24.7 billion in state and local taxes
and state royalties in 2022 and the provision of 443,000 jobs, is
strengthening communities and enriching local economies; and
WHEREAS, For every direct job in the Texas oil and natural
gas industry, 2.2 indirect jobs are created, resulting in a total
of 1.4 million Texans' jobs being derived from the state's oil and
natural gas industry; and
WHEREAS, Royalties from Texas oil and natural gas serve as
the primary funding for the Economic Stabilization Fund, also
known as the Rainy Day Fund, the Permanent School Fund, and the
Permanent University Fund, contributing billions of dollars to
those funds as well as $1.65 billion to Texas school districts
and more than $600 million to Texas counties in property taxes;
and
WHEREAS, The Texas oil and natural gas industry is a leader
in innovation and initiatives that emphasize collaboration in
finding solutions to environmental outcomes while meeting the
energy demands of today and of the future; and
WHEREAS, The Texas oil and natural gas industry plays a
crucial role in our state and national economies and in global
stability; it is indeed fitting that the Texas energy industry
and its partners be recognized for their contributions to the
Lone Star State; now, therefore, be it
RESOLVED, That the Senate of the State of Texas, 88th
Legislature, hereby commend the members of the Texas energy
industry and extend to them best wishes for a rewarding Texas
Energy Day at the Capitol; and, be it further
RESOLVED, That a copy of this Resolution be prepared in
honor of this special event.