TAYO: Texas Shale Boom Could Be Nation’s Biggest Ever
July 16 2014 - 7:26AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues to scout and
acquire real estate near Texas’ Cline Shale, the latest estimates
for the formation predict that the formation could soon spawn the
biggest oil and gas boom in U.S. history.
Although the Cline formation is smaller in area than Texas’
other primary shale plays—Barnett and Eagle Ford—its hydrocarbons
are denser, potentially containing an incredible 3.6 million
barrels of recoverable oil per square mile. That gives the Cline
Shale an estimated 30 billion recoverable barrels, making it 50
percent larger than the nation’s top two shale plays, Eagle Ford
and North Dakota’s Bakken, combined.
With the Cline Shale poised to become home to an inestimable
amount of drilling and exploration in the coming years as the U.S.
moves toward energy independence, the flood of new business and
residents into Texas’ Permian Basin region is expected by many to
climb steadily. In order to capitalize on the coming demand for
real estate to be used for everything from temporary housing to
public infrastructure to entertainment amenities, TAYO is building
a portfolio of properties offering multiple avenues for potential
revenue.
Earlier this week, the company’s real estate division—Third
Avenue Development, LLC—won a bid to acquire 64 lots in Texas’
hottest oil and gas territory. Through Third Avenue Development,
the company is committed to investing in promising real estate
assets to compete alongside American Homes 4 Rent (NYSE: AMH),
Silver Bay Realty Trust Corp. (NYSE: SBY), Equity Residential
(NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and more.
For more information on Third Avenue Development, please
visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development, LLC.
A division of Taylor Consulting, Inc. (TAYO), Third Avenue
Development, LLC, is building an emerging portfolio of real estate
assets in emerging oil and gas regions. The company is focused on
acquiring and developing properties in the country's top-performing
markets in order to capitalize on rising demand for housing and
related infrastructure services.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“believes,” “expects,” “anticipate” or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of success. This news release speaks
as of the date first set forth above and the Company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
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