This bill proposes to declare January 28, 2025, as "New Mexico Oil and Gas Day" in recognition of the significant contributions made by the oil and natural gas industry to the state's economy. In 2024, this industry generated $13 billion in state and local revenue, with substantial portions allocated to the general fund, education funding, higher education, and public school facilities. The industry is highlighted as the largest private sector employer in New Mexico, providing over 100,000 jobs, and it played a crucial role in funding early childhood care and education, as well as matching federal Medicaid funds.

The resolution emphasizes the importance of the oil and natural gas sector in supporting various state initiatives and services, including education and infrastructure. It concludes with a directive to transmit a copy of the memorial to the Secretary of Energy, Minerals and Natural Resources, ensuring that the recognition of this day is formally communicated to relevant authorities.