Business
TAYO: Permian Basin on Pace for 2 Million Barrels a Day
TAYO: Permian Basin on Pace for 2 Million Barrels a Day.
About this update from Taylor Consulting, Inc.
[{"type":"text","content":"\n \n While Taylor Consulting Inc. (OTCBB: TAYO) continues cultivating a \n strong portfolio of real estate assets in and around the nation’s \n hottest oil and gas region, West Texas’ Permian Basin is on pace to \n exceed two million barrels of oil per day as production continues to \n increase.\n \n \n One of Texas’ oldest oil fields, the Permian Basin is booming again due \n to advanced new technologies including horizontal drilling. Output from \n the Basin’s formations shows no signs of slowing down, either: The \n Permian currently produces 1.7 million barrels a day, outpacing fields \n such as South Texas’ Eagle Ford and North Dakota’s Bakken. With more \n work already underway, it is all but inevitable that the Permian will \n someday soon surpass two million.\n \n \n As a huge glut of workers flock to West Texas to drill new wells, plot \n new pipelines and perform hundreds of other related jobs, demand for \n real estate in the region has risen sharply, with no end in sight for \n the boom. In the city of Midland, home values grew by more than 23 \n percent year-over-year last month, pushing the city’s median price to \n the No. 1 slot in Texas for the second time this year.\n \n \n Through its real estate division, Third Avenue Development, TAYO is \n building a strong portfolio of West Texas real estate assets as new \n residents and businesses continue to pour into the region. The company \n has already acquired multiple properties located on or near the Permian \n Basin as well as executed a letter of intent to form a property \n development joint venture with The Home Masters Inc.\n \n \n TAYO recently created Third Avenue Development, LLC to invest in \n promising real estate assets to compete alongside American Homes 4 Rent \n (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY), Equity \n Residential (NYSE: EQR) and Essex Property Trust Inc. (NYSE: ESS) and \n more.\n \n \n For more information on Third Avenue Development, please visit www.thirdavenuedevelopment.com.\n \n \n About Third Avenue Development, LLC.\n \n \n A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development, \n LLC, is building a competitive portfolio of real estate assets in \n emerging oil and gas regions. The company is focused on acquiring and \n developing properties in the country...