TAYO: West Texas Oil Impact Surpasses $137 Billion
Sep 22, 2014
OTC Disclosure News Service
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
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