TAYO: Permian Basin Growth Explodes

As Taylor Consulting, Inc. (OTCBB: TAYO) continues to target and acquire West Texas real estate, new drilling technology has turned the region into ground zero for unconventional oil and gas exploration.

West Texas’ Permian Basin is now one of the world’s top oil and gas plays as energy companies make the switch from vertical well drilling to horizontal drilling. The Permian now boasts the highest drilling rig count in the U.S.: At the beginning of July, the number of rigs exploring for oil and natural gas in the Permian Basin increased to 560, according to the weekly rig count report recently released by Houston-based oilfield services company Baker Hughes.

The economic impact of new drilling in the region could be as high as $34 billion by 2022 and support more than 30,000 jobs, according to a recent study by the University of Texas at San Antonio. What’s more, according to Bernstein Research, the Permian Basin will top the charts for North American spending growth in 2014, with an amazing 21% increase.

In order to capitalize on the incredible growth being experienced in West Texas, TAYO created Third Avenue Development to acquire and develop real estate in the booming region. Now, the company is building a portfolio of properties offering multiple avenues for potential revenue. Just last week, Third Avenue Development, LLC won a bid to acquire 64 lots in Texas’ hottest oil and gas territory.

Through Third Avenue Development, the company is committed to investing 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 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 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.

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