TITLE: Honoring the Fasken family on the 100th anniversary of Fasken Oil and Ranch, Ltd.

SUMMARY: Honoring the Fasken family on the 100th anniversary of Fasken Oil and Ranch, Ltd.

FULL TEXT:
WHEREAS, The year 2013 marks a special milestone in the rich history of Fasken Oil and Ranch, Ltd., with the observance of its 100th anniversary; and WHEREAS, Fasken Oil and Ranch originated in 1913, when David Fasken, a barrister from Toronto, Canada, purchased 222,000 acres of land, known as CRanch, located northwest of Midland; this initial investment laid the foundation for future development and the expansion of the company, which was further secured when oil was discovered on the land in 1942; and WHEREAS, In the 1950s, David Fasken's grandson, David Fasken, Jr., began his own oil and gas exploration and production efforts on the property and expanded the company's holdings by acquiring ranches in Webb, Reeves, and Culberson Counties; he passed away in 1982, and his wife, Barbara Fasken, consolidated the various family operations into one organization; and WHEREAS, Today, Fasken Oil and Ranch, Ltd., employs 200 people; it continues to be a leader in oil and gas exploration and has diversified to include real estate development, including its latest project, The Vineyard, a master-planned community that will integrate Fasken Headquarters, residential housing, and commercial and retail space; and WHEREAS, Since 1957, the company has contributed annually to local charitable causes through the Fasken family's Prairie Foundation; in recent years, it has funded college scholarships and supported local organizations that strengthen families and provide services to children in need; and WHEREAS, The well-being of the people of Texas depends on a vibrant, diversified economy, and Fasken Oil and Ranch, Ltd., is to be commended for the role it plays in furthering the prosperity of the Lone Star State; now, therefore, be it RESOLVED, That the 83rd Legislature of the State of Texas hereby congratulate Fasken Oil and Ranch, Ltd., on its 100th anniversary and extend to the Fasken family and the company's management and employees best wishes for the future; and, be it further RESOLVED, That an official copy of this resolution be prepared for the company as an expression of high regard by the Texas House of Representatives and Senate. Craddick Raymond President of the Senate Speaker of the House I certify that H.C.R. No. 118 was adopted by the House on May 1, 2013, by a non-record vote. Chief Clerk of the House I certify that H.C.R. No. 118 was adopted by the Senate on May 3, 2013, by a viva-voce vote. Secretary of the Senate APPROVED: Date Governor