TAYO: Texas Oil Boom Continues as Production Increases Nearly 30 Percent

As Taylor Consulting, Inc. (OTCBB:TAYO) and its real estate division, Third Avenue Development, continue to build a competitive portfolio of assets in West Texas, economic indicators in the region remain overwhelmingly positive. Recently, the Texas Railroad Commission announced that Texas’ oil production increased nearly 30 percent from this time last year.

New drilling technologies have sparked a historic boom in the Permian Basin, helping to once again make Texas a world capital for oil and gas production. The Texas Railroad Commission issued 2,419 drilling permits in July, the latest month with available figures. It’s a steel uptick from the previous July—a sure sign that Texas’ oil boom is in no danger of slowing down.

With the state’s black gold rush sparking an equally impressive population boom in West Texas in and around the Permian, TAYO is working quickly to capitalize on rapidly increasing demand for real estate. Through Third Avenue Development, the company is building a strong portfolio of West Texas assets as new workers and residents continue to pour into the region. The company has already acquired multiple properties located on or near the Permian Basin as well as executed a letter of intent to form a property development joint venture with The Home Masters Inc.

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 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.

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