TAYO: West Texas Oil Boom Far From Over as Employment, Drilling Permits and Rig Count Keep Going Up

Taylor Consulting Inc. (OTCBB:TAYO) continues to execute its acquisition plans in the West Texas Permian Basin region as oil drilling permits, rig count and employment figures keep rising.

The Midland Reporter-Telegram reported October 10 that the Texas Permian Basin Petroleum Index in August was up 10.3 percent over the same period the previous year, driven by record drilling permits and a high rig count, despite softening oil prices. The state’s Railroad Commission issued a record 1,179 drilling permits this August, 70.6 percent more than the 691 issued in August 2013. Employment figures, too, remained excellent, with the August average of 33,670 topping last August’s numbers by 11.3 percent. Employment in the Permian oil patch is up 8.6 percent so far this year over last year’s average.

“Obviously, these kinds of numbers make it very clear that the West Texas oil boom is far from over. It has not even begun to slow down,” said TAYO CEO Scott Wheeler. “Our company remains committed to capitalizing on this historic economic expansion by investing in the kind of real estate that is absolutely necessary for the communities in West Texas to handle this kind of incredible growth.”

The major increase in oil and gas employment and activity in Texas has created a tight demand for real estate near the Permian Basin, the new heart of U.S. oil production. TAYO is building a portfolio of real estate assets in the region to capitalize on the historic influx of workers and capital. The company has already acquired multiple properties located on or near the Permian Basin and has executed a letter of intent to form a property development joint venture with The Home Masters Inc.

Cline Shale

Texas is home to the Eagle Ford Shale in South Texas and Cline Shale in West Texas’ Permian Basin – two of the world’s largest unconventional resource plays expected to produce for decades. 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.

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 and emerging oil and gas regions in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.

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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 future 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.