TAYO Continues Growth Initiative as Capital Gushes Into Permian Basin
August 06 2014 - 3:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB:TAYO) continues to target and
acquire promising real estate plays in West Texas, capital
expenditures are putting the region well on its way to becoming the
biggest, most important petroleum-producing area in the U.S.
Research and consulting firm Wood Mackenzie reports that the
Permian Basin is on track to exceed $13.9 billion in capital
expenditures this year as companies acquire and upgrade assets such
as property, buildings and equipment. The analyst predicts that the
Basin’s Wolfcamp formation alone will produce an average of 200,000
barrels of oil per day this year and grow to 700,000 by the end of
the decade.
That incredible growth is what has drawn TAYO to the region. The
economic impact of new drilling in the Basin could be as high as
$34 billion by 2022 and support more than 30,000 jobs, according to
a recent study by the University of Texas at San Antonio. What’s
more, according to Bernstein Research, the Permian Basin will top
the charts for North American spending growth in 2014, with an
amazing 21% increase.
In order to capitalize on the unprecedented economic explosion
in West Texas, TAYO created Third Avenue Development to acquire and
develop real estate in the booming region. Now, the company is
building a portfolio of properties offering multiple avenues for
potential revenue. Just last week, 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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