TAYO: Due Diligence Continues as Heart of the Oil Boom Shifts to Permian

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.

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