It was previously home to the Petroleros de Minatitlán (Minatitlán Oilers) Mexican League baseball team.

It is named to commemorate the day when President of Mexico Lázaro Cárdenas announced that the oil industry in Mexico would be nationalized.

The stadium was the site of a rare triple play on 23 April 2007 when the Petroleros were at home defending against the Olmecas de Tabasco.

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