H.B. No. 3652 mandates the Railroad Commission of Texas to conduct a comprehensive study on the establishment of a strategic gas and petroleum product reserve within the state. The bill defines key terms such as "Commission," "Gas," "Petroleum product," and "Strategic fuel reserve," and outlines the objectives of the study, which include assessing the feasibility of creating and maintaining the reserve, identifying suitable locations for reserve facilities, determining the roles of state and local entities, establishing minimum capacity requirements, and evaluating the conditions for distribution during emergencies. Additionally, the study will estimate the costs associated with implementing the reserve, including facility-related expenses and potential financial benefits from oil and gas transactions.

The commission is required to submit a report detailing the study's findings and recommendations to key state officials by September 30, 2026. The bill also specifies that it will expire on January 1, 2027, and will take effect on September 1, 2025.