TAYO: Falling Oil Prices Won’t Stop Near-Record Production in Texas Shale Fields
December 02 2014 - 10:42AM
Business Wire
Falling oil prices due to OPEC’s refusal to cut oil production
won’t stop Texas Shale oilfields, which continue to produce
near-record levels in South and West Texas, where Taylor Consulting
Inc. (OTCBB:TAYO) is collecting real estate assets to capitalize on
historic growth in the Permian Basin.
“OPEC’s decision to maintain current crude production levels
sent prices down on Monday, but many experts don’t believe sub-$70
oil will kneecap the U.S. boom as some producers in the Middle East
had hoped. Despite OPEC, Texas oil is flowing and our focus on West
Texas is unchanged,” said TAYO CEO Scott Wheeler. “With thousands
of wells being drilled in Texas and oil producers committed to
making back their investments, technological advances are making it
cheaper to produce shale oil. The ‘break-even’ price for U.S. oil
producers continues to go down, making the industry more resilient
to price dips.”
The Texas economy remains in great shape and the Permian Basin
region in particular is one of the hottest real estate markets in
the country as towns in West Texas struggle to cope with the
increase in population and capital drawn there by the energy
industry. With more and more housing, businesses and infrastructure
needed to handle the rapid influx of workers, families and capital,
TAYO is strategically building a real estate portfolio of prime
properties in counties surrounding the area in West Texas.
Third Avenue Development, TAYO’s real estate division, has
already acquired two prime properties in the greater Abilene
region, and the company has completed its due diligence toward
acquisition of another property in the area: a 10-acre lot in the
neighboring town of Tye. Healthy economic growth in West Texas has
made it a hot spot for real estate development. To capitalize,
Third Avenue Development has signed a purchase agreement to
acquire White Buffalo Property Solutions LLC, a licensed
West Texas real estate broker, to help facilitate more potentially
lucrative deals in the region.
Cline Shale
Cline Shale is an intensive oil and natural gas exploration
and production region in the eastern shelf of the Permian Basin in
West Texas – a multi-county region between Midland-Odessa, San
Angelo and Abilene – estimated to bring 15 years of drilling
activity and at least 30 years of oil production. The Permian Basin
of West Texas and eastern New Mexico, which contains more than 5
billion barrels of proven oil reserves and estimates of 30 billion
barrels of recoverable oil, outranks Alaska and the Gulf of Mexico
as the top oil opportunity region in North America. The
American Oil & Gas Reporter says commercial and
residential real estate development is a key factor in
successfully keeping up with the economic growth that comes with
the boom in those areas.
Big Plans for ‘Big Country’
White Buffalo Property Solutions serves all 19 counties in “The
Big Country” area of Texas in the west central part of the state
from its centrally located home base of Abilene, the largest city
near the Cline Shale region. An advantageous location near Cline
Shale and the hometown roots of White Buffalo principal Kyle Tamez,
who has extensive knowledge of Abilene and the surrounding area,
are sure to be valuable assets in meeting the intense demand for
residential and commercial real estate in the region. We are
excited about the opportunities that await us in The Big
Country.
For more information,
visit www.whitebuffalopropertysolutions.com.
About Taylor Consulting Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue
Development, LLC as a new division whose primary goal is 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), Essex Property Trust Inc. (NYSE:
ESS) and others.
Third Avenue Development, a premier hybrid real estate
investment and development company, is building an emerging
portfolio of real estate assets for investment, rehabilitation and
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. For more information,
visit www.ThirdAvenueDevelopment.com.
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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