TAYO CEO Says Halliburton-Baker Hughes Merger Advances Oilfield Technologies, Keeps Pumps Flowing in West Texas

HOUSTON--(BUSINESS WIRE)--

Scott Wheeler, CEO of Taylor Consulting Inc. TAYO, says this week's monster merger announcement from oil services giant Halliburton and long-time rival Baker Hughes signals next-generation innovation of oilfield solutions sure to benefit pumps in West Texas, an area TAYO has targeted as a real estate hotspot.

Houston-based Halliburton and Baker Hughes, currently the second and third-largest oilfield services companies respectively, are expected to close the nearly $35 billion deal in the last half of 2015, combining two cutting-edge oil technology companies and their resources to help innovate the next generation of oilfield solutions.

“Announcements like the Halliburton-Baker Hughes merger get us excited because we know the kind of advancements in oilfield technologies these two companies will develop as one entity. Future oil extraction will be an easier, safer and more economical process for pumps in West Texas and beyond,” Wheeler said. “TAYO continues to make smart real estate acquisitions in West Texas to capitalize on the historic boom there. We are confident that major energy corporations are going to be drilling in the area for a very long time, so we'll continue to step up our efforts as well.”

For the first time in nearly 30 years, the United States produced more than nine million barrels of oil a day this month, much of it coming from South and West Texas where a massive drilling boom continues to drive the U.S. economy. With more and more housing, businesses and infrastructure needed to handle the rapid influx of workers, families and capital, TAYO is strategically building a real estate portfolio of prime properties in counties surrounding the area in West Texas.

Third Avenue Development, TAYO's real estate division, has already acquired two prime properties in the greater Abilene region, and the company 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. To capitalize, Third Avenue Development has 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 AMH, Silver Bay Realty Trust Corp. SBY, Equity Residential EQR, Essex Property Trust Inc. 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.

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