| 2 | 8 | | WHEREAS, The Senate of the State of Texas is pleased to |
|---|
| 3 | 9 | | recognize the Texas energy industry and to join its members and |
|---|
| 4 | 10 | | partners in celebrating Texas Energy Day at the Capitol on |
|---|
| 5 | 11 | | February 4, 2025; and |
|---|
| 6 | 12 | | WHEREAS, Texas leads the nation in oil and natural gas |
|---|
| 7 | 13 | | production, pipeline miles, and refining capacity, all of which |
|---|
| 8 | 14 | | have led to an unprecedented level of national energy security; |
|---|
| 9 | 15 | | the oil and natural gas industry plays a fundamental role in the |
|---|
| 10 | 16 | | state's robust economy and is responsible for directly and |
|---|
| 11 | 17 | | indirectly creating more than one million Texas jobs; and |
|---|
| 12 | | - | WHEREAS, Taxes and royalties from Texas oil and natural gas |
|---|
| 13 | | - | serve as primary funding for the Economic Stabilization Fund, the |
|---|
| 14 | | - | Permanent School Fund, the Permanent University Fund, and the |
|---|
| 18 | + | WHEREAS, Taxes and royalties from Texas oil and natural |
|---|
| 19 | + | gas serve as primary funding for the Economic Stabilization Fund, |
|---|
| 20 | + | the Permanent School Fund, the Permanent University Fund, and the |
|---|
| 15 | 21 | | State Highway Fund; last year, Texas school districts received |
|---|
| 16 | 22 | | nearly $3 billion in property taxes collected from industry |
|---|
| 17 | 23 | | holdings, and Texas counties received more than $1 billion in |
|---|
| 18 | 24 | | industry tax revenue; and |
|---|
| 19 | 25 | | WHEREAS, The oil and natural gas industry helps to power |
|---|
| 20 | 26 | | economic prosperity, fortifies the state's energy security, and |
|---|
| 21 | 27 | | makes possible the vast majority of products and materials |
|---|
| 22 | 28 | | citizens use every day; it is indeed fitting that the Texas |
|---|
| 23 | 29 | | energy industry and its partners be recognized for their |
|---|
| 24 | 30 | | contributions to the Lone Star State; now, therefore, be it |
|---|
| 25 | 31 | | RESOLVED, That the Senate of the State of Texas, 89th |
|---|
| 26 | 32 | | Legislature, hereby commend the members of the Texas energy |
|---|
| 27 | 33 | | industry and all who have contributed to the state's thriving oil |
|---|
| 28 | 34 | | and natural gas industry and extend to them best wishes for a |
|---|
| 29 | 35 | | rewarding Texas Energy Day at the Capitol; and, be it further |
|---|
| 30 | 36 | | RESOLVED, That a copy of this Resolution be prepared in |
|---|
| 31 | 37 | | honor of this special event. |
|---|