TAYO: Texas Oil Boom Continues as Production Increases Nearly 30 Percent
September 18 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB:TAYO) and its real estate
division, Third Avenue Development, continue to build a competitive
portfolio of assets in West Texas, economic indicators in the
region remain overwhelmingly positive. Recently, the Texas Railroad
Commission announced that Texas’ oil production increased nearly 30
percent from this time last year.
New drilling technologies have sparked a historic boom in the
Permian Basin, helping to once again make Texas a world capital for
oil and gas production. The Texas Railroad Commission issued 2,419
drilling permits in July, the latest month with available figures.
It’s a steel uptick from the previous July—a sure sign that Texas’
oil boom is in no danger of slowing down.
With the state’s black gold rush sparking an equally impressive
population boom in West Texas in and around the Permian, TAYO is
working quickly to capitalize on rapidly increasing demand for real
estate. Through Third Avenue Development, the company is building a
strong portfolio of West Texas assets as new workers and residents
continue to pour into the region. The company has already acquired
multiple properties located on or near the Permian Basin as well as
executed a letter of intent to form a property development joint
venture with The Home Masters Inc.
TAYO recently created 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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