As Taylor Consulting, Inc. (OTCBB:TAYO) builds an asset portfolio
designed to capitalize on the ongoing West Texas oil boom, new state
employment figures reveal why. The number of Texans working for oil and
gas companies surpassed 300,000 this summer as the industry continues to
expand, according to the Texas Petro Index.
The 302,700 workers now estimated to work for services and exploration
and production constitute the largest employment numbers since the Index
began tracking them in 1995. Texas’ oil production totaled an estimated
93.65 million barrels in July, the most recent number available. It’s a
rise of more than 20 percent over the previous July’s total.
“It’s no secret what’s causing the population boom in West Texas,” said
TAYO CEO Scott Wheeler. “It’s the explosion in oil and gas jobs. The
same oil and gas activities that are driving population and job growth
are driving increasingly strong demand for real estate in the region.”
TAYO is working to supply that demand by buying up distressed assets in
the region able to suit a wide variety of commercial or residential
needs. Recently, the company completed a 64-lot bulk real estate
purchase in the Abilene-Odessa corridor.
TAYO recently created a real estate division, 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
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success, either financial or strategic, is no guarantee of future
success. This news release speaks as of the date first set forth above
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Copyright Business Wire 2014