TAYO: Texas Oil & Gas Employment Now Exceeds 300,000
September 17 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB:TAYO) builds an asset
portfolio designed to capitalize on the ongoing West Texas oil
boom, new state employment figures reveal why. The number of Texans
working for oil and gas companies surpassed 300,000 this summer as
the industry continues to expand, according to the Texas Petro
Index.
The 302,700 workers now estimated to work for services and
exploration and production constitute the largest employment
numbers since the Index began tracking them in 1995. Texas’ oil
production totaled an estimated 93.65 million barrels in July, the
most recent number available. It’s a rise of more than 20 percent
over the previous July’s total.
“It’s no secret what’s causing the population boom in West
Texas,” said TAYO CEO Scott Wheeler. “It’s the explosion in oil and
gas jobs. The same oil and gas activities that are driving
population and job growth are driving increasingly strong demand
for real estate in the region.”
TAYO is working to supply that demand by buying up distressed
assets in the region able to suit a wide variety of commercial or
residential needs. Recently, the company completed a 64-lot bulk
real estate purchase in the Abilene-Odessa corridor.
TAYO recently created a real estate division, Third Avenue
Development, LLC, to invest 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) and
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 a competitive 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 future 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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