TAYO: West Texas Oil Impact Surpasses $137 Billion
September 22 2014 - 5:00AM
Business Wire
As Taylor Consulting Inc. (OTCBB:TAYO) conducts due diligence
toward new real estate acquisitions in West Texas, historic news
was released this month regarding the true impact of the region’s
oil and gas boom. According to a study released by Texas Tech
University and the Permian Basin Petroleum Association, $137
billion in economic output was generated in the Permian in 2012,
the most recent year examined.
The study also found that the Permian Basin boasts the largest
rig count of any region in the world and sustains more than 546,000
jobs. The numbers are off the charts—and growing.
“This eye-popping data is only the latest evidence of what we
already know,” said TAYO CEO Scott Wheeler. “West Texas is one of
the hottest economic zones in the world right now. We will continue
to aggressively target new acquisitions in the region for as long
as this unprecedented oil and gas boom lasts, and there is
certainly no end yet in sight.”
Through its real estate division, Third Avenue Development, TAYO
is working to capitalize on Texas’ black gold rush by investing in
real estate needed for housing, commerce and amenities by the
state’s growing population. The company is performing due diligence
on multiple properties as well as the acquisition of a brokerage in
the region.
Through Third Avenue Development, the company is committed to
accumulating the 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 booming 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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