TAYO: Texas Shale Boom Could Be Nation’s Biggest Ever

Source:TAYO

Taylor Consulting says the latest estimates for Texas’ Cline Shale predict that the formation could soon spawn the biggest oil and gas boom in U.S. history

As Taylor Consulting, Inc. (TAYO) continues to scout and acquire real estate near Texas’ Cline Shale, the latest estimates for the formation predict that the formation could soon spawn the biggest oil and gas boom in U.S. history.

Although the Cline formation is smaller in area than Texas’ other primary shale plays—Barnett and Eagle Ford—its hydrocarbons are denser, potentially containing an incredible 3.6 million barrels of recoverable oil per square mile. That gives the Cline Shale an estimated 30 billion recoverable barrels, making it 50 percent larger than the nation’s top two shale plays, Eagle Ford and North Dakota’s Bakken, combined.

With the Cline Shale poised to become home to an inestimable amount of drilling and exploration in the coming years as the U.S. moves toward energy independence, the flood of new business and residents into Texas’ Permian Basin region is expected by many to climb steadily. In order to capitalize on the coming demand for real estate to be used for everything from temporary housing to public infrastructure to entertainment amenities, TAYO is building a portfolio of properties offering multiple avenues for potential revenue.

Earlier this week, the company’s real estate division—Third Avenue Development, LLC—won a bid to acquire 64 lots in Texas’ hottest oil and gas territory. Through Third Avenue Development, the company is committed to investing 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 more.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs