Business
TAYO: Falling Oil Prices Won’t Stop Near-Record Production in Texas Shale Fields
TAYO: Falling Oil Prices Won’t Stop Near-Record Production in Texas Shale Fields.
About this update from Taylor Consulting, Inc.
[{"type":"text","content":"\n \n Falling oil prices due to OPEC’s refusal to cut oil production won’t \n stop Texas Shale oilfields, which continue to produce near-record levels \n in South and West Texas, where Taylor Consulting Inc. (OTCBB:TAYO) is \n collecting real estate assets to capitalize on historic growth in the \n Permian Basin.\n \n \n “OPEC’s decision to maintain current crude production levels sent prices \n down on Monday, but many experts don’t believe sub-$70 oil will kneecap \n the U.S. boom as some producers in the Middle East had hoped. Despite \n OPEC, Texas oil is flowing and our focus on West Texas is unchanged,” \n said TAYO CEO Scott Wheeler. “With thousands of wells being drilled in \n Texas and oil producers committed to making back their investments, \n technological advances are making it cheaper to produce shale oil. The \n ‘break-even’ price for U.S. oil producers continues to go down, making \n the industry more resilient to price dips.”\n \n \n The Texas economy remains in great shape and the Permian Basin region in \n particular is one of the hottest real estate markets in the country as \n towns in West Texas struggle to cope with the increase in population and \n capital drawn there by the energy industry. With more and more housing, \n businesses and infrastructure needed to handle the rapid influx of \n workers, families and capital, TAYO is strategically building a real \n estate portfolio of prime properties in counties surrounding the area in \n West Texas.\n \n \n Third \n Avenue Development, TAYO’s real estate division, has already \n acquired two prime properties in the greater Abilene region, and the \n company has completed its due diligence toward acquisition of another \n property in the area: a 10-acre lot in the neighboring town of Tye. \n Healthy economic growth in West Texas has made it a hot spot for real \n estate development. To capitalize, Third Avenue Development has signed a \n purchase agreement to acquire White \n Buffalo Property Solutions LLC, a licensed West Texas real \n estate broker, to help facilitate more potentially lucrative deals in \n the region.\n \n \n Cline Shale\n \n \n Cline \n Shale is an intensive oil and natural gas exploration \n and production region in the eastern shelf of the Permian Basin in ...