HM 4 — "NM OIL & GAS DAY"

HOUSEA MEMORIAL 4DECLARING 57THJANUARY LEGISLATURE28, - STATE OF NEWMEXICO - FIRST SESSION 2025 INTRODUCED"NEW BYMEXICO RodOIL MontoyaAND andGAS RebeccaDAY" DowIN andTHE MarkHOUSE B.OF REPRESENTATIVES.

Murphy5 WHEREAS, in 2024, the New Mexico oil and Jonathannatural A.gas industry generated thirteen billion dollars ($13,000,000,000) in state and local revenue;

Henry and GailWHEREAS, Armstrongof 7that 9amount, Aseven MEMORIALbillion DECLARINGfour JANUARYhundred 28,million 2025dollars "NEW($7,400,000,000) MEXICOwent OILto ANDthe GASgeneral DAY"fund, INrepresenting THEforty-nine HOUSEpercent OFof REPRESENTATIVES.the general fund's 2024 revenue;

14and WHEREAS, infive 2024,billion thefive Newhundred Mexicomillion oildollars and($5,500,000,000) naturalwent gasto industrythe generatedgeneral thirteenfund billionoperating dollarsreserve; ($13,000,000,000) in state and local revenue;

and e t 17 WHEREAS, oftwo that amount, seven billion fourthree hundred wmillion ldollars n($2,300,000,000) dwent 18to milliontotal dollarsstate ($7,400,000,000)education wentfunding tothat theserved generalone fund,hundred =thirty =thousand 19five ahundred leight representingstudents, forty-ninethree percenthundred ofeighty-six thepublic generalschools fund'sand 2024nine ithousand afive ehundred reighty 20public revenue;school teachers;

and a t m m 21 WHEREAS, five billion five hundred million dollars d r e 22 ($5,500,000,000) went to the general fund operating reserve;

c e s k 23 and e a n b 24 WHEREAS, two billion three hundred million dollars u [ ($2,300,000,000) went to total state education funding that .229910.2 served one hundred thirty thousand five hundred eight students, three hundred eighty-six public schools and nine thousand five hundred eighty public school teachers;

and WHEREAS, the oil and natural gas industry provided HM 4 Page 1 ninety percent of the funding for the early childhood care and education fund in 2024;

and e t 17 WHEREAS, the oil and natural gas industry is the largest w l n d 18 private sector employer in New Mexico, providing more than one = = 19 a l hundred thousand direct and indirect jobs to New Mexico i a e r 20 residents;

a t m m 21 NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF d r e 22 REPRESENTATIVES OF THE STATE OF NEW MEXICO that the oil and c e s k 23 natural gas industry be recognized for its vital contributions e a n b 24 to the state by declaring January 28, 2025 "New Mexico Oil and u [ Gas Day" in the house of representatives;

and .229910.2 - 2 - BE IT FURTHER RESOLVED that a copy of this memorial be transmitted to the secretary of energy, minerals and natural resources.

-HM 34 -Page 62 825 10 12 14 16 e t 17 w l n d 18 = = 19 a l i a e r 20 a t m m 21 d r e 22 c e s k 23 e a n b 24 u [ .229910.2