Texas Drives U.S. Oil Boom and TAYO’s Growing West Texas Real Estate Portfolio, Despite Softened Oil Prices

Even though oil prices have softened, Texas continues to drive a historic U.S. oil boom that shows no signs of slowing down and a flood of new West Texas drilling permits drives Taylor Consulting Inc. (OTCBB:TAYO) to find and acquire the most promising properties in the Permian Basin area.

With Texas oil production at Cline Shale in West Texas and Eagle Ford in South Texas topping 3 million barrels a day this year – a first since the late 1970s – the United States is in the midst of one of the biggest booms in decades and according to the Energy Information Administration has become a top producer for the world with more than 11 million barrels of oil every day. A study by the Institute for Economic Development at the University of Texas-San Antonio (UTSA) showed drilling at Eagle Ford produced an $87 billion economic impact and employed more than 155,000 people in the 21 counties surrounding it. UTSA’s study also included 10 counties in and around Cline Shale, which actually encompasses 39 counties, estimating economic impact in those counties to be as high as $34 billion with more than 30,000 jobs created by 2022.

“The UTSA study also noted that there’s likely more recoverable oil in the Permian, which is great news for TAYO and our ongoing efforts to acquire promising properties in West Texas. Texas is at the forefront of the U.S. oil boom and, despite lower oil prices, there’s no slowdown here,” said TAYO CEO Scott Wheeler. “The U.S. Energy Information Administration said just this week that Texas has added 19,000 on-the-ground energy jobs – more than any other state and six times more than New Mexico, also part of the Permian Basin. Oil prices may be lowering, but Texas isn’t slowing down and neither is TAYO.”

Top energy industry executives recently told Bloomberg how they are planning for softening oil prices and they agreed production could be sustained even if prices fell lower. “Oil prices are lower, but they’re not low enough to really put a big pinch on that activity,” Ken Medlock, senior director of the Center for Energy Studies at Rice University’s Baker Institute, told the newspaper.

Earlier this year, TAYO formed Third Avenue Development, a new real estate division, to capitalize on the historic black gold rush in the Lone Star State. With U.S. oil output at the highest level since 1983, the flood of new drilling permits issued in West Texas has not ebbed along with prices. The boom continues to draw new workers, residents and businesses to the region. Accordingly, TAYO continues building a competitive real estate portfolio in the region to capitalize on the unprecedented growth. Two weeks ago, the company announced due diligence was completed toward its latest acquisition target: 10 acres near Abilene, one of the largest economic centers of the booming Permian region.

Third Avenue Development has already acquired two prime properties in the town of Merkel, which is part of the greater Abilene region, and the company announced this week that it has completed its due diligence toward acquisition of another property in the area: a 10-acre lot in the neighboring town of Tye. Healthy economic growth in West Texas has made it a hot spot for real estate development. Earlier this month, Third Avenue Development signed a purchase agreement to acquire White Buffalo Property Solutions LLC, a licensed West Texas real estate broker, to help facilitate more potentially lucrative deals in the region.

Cline Shale

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.

Big Plans for ‘Big Country’

White Buffalo Property Solutions serves all 19 counties in “The Big Country” area of Texas in the west central part of the state from its centrally located home base of Abilene, the largest city near the Cline Shale region. An advantageous location near Cline Shale and the hometown roots of White Buffalo principal Kyle Tamez, who has extensive knowledge of Abilene and the surrounding area, are sure to be valuable assets in meeting the intense demand for residential and commercial real estate in the region. We are excited about the opportunities that await us in The Big Country.

For more information, visit www.whitebuffalopropertysolutions.com.

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

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 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 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.