TAYO: Due Diligence Continues as Heart of the Oil Boom Shifts to Permian
September 29 2014 - 5:00AM
Business Wire
Taylor Consulting Inc. (OTCBB: TAYO) continues to conduct due
diligence toward prime real estate acquisitions in West Texas as
the region becomes the new heart of the U.S. oil boom.
The Permian Basin, now the nation’s most productive oil and gas
basin, is churning out ever larger volumes of hydrocarbons,
attracting historic levels of new jobs, residents and investment
capital. This month, the Permian began producing 1.7 million
barrels per day—a new record. And there is no sign that the boom is
slowing down.
Occidental Petroleum, the largest operator in West Texas,
recently moved its headquarters from California to Texas in order
to focus on the Lone Star State’s massive oil and gas reserves.
Many more energy companies, large and small, are following suit.
TAYO is executing a real estate strategy designed to capitalize on
the movement.
“The growth in this region is truly unbelievable, and our
company is now investing in one of the strongest economic booms in
the nation’s history,” said TAYO CEO Scott Wheeler.
Most recently, TAYO announced that it has begun due diligence
toward acquisition of a new ten-acre property in the greater
Abilene region, the area’s largest metro. The company has also
targeted the acquisition of large, bulk-lot properties and even a
local real estate brokerage as it moves aggressively to gain market
share in the booming West Texas region.
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 an emerging portfolio of real estate
assets for rehabilitation and rent or resale. The company is
focused on acquiring properties in the country's top-performing
housing markets in order to capitalize on the continued recovery
and growth of the U.S. real estate marketplace.
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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