Streamline our property acquisitions in the region
“Owning our own brokerage is going to put some powerful new marketing tools at our disposal,” said TAYO CEO Scott Wheeler. “Our first order of business will be leveraging White Buffalo’s extensive contacts to streamline our property acquisitions in the region and provide us with a first look at prime real estate targets and crucial exposure in the local marketplace.”
The Permian Basin, anchored by Midland and Odessa, has several shale plays that will likely produce more than 1.3 million barrels of oil per day by 2017, according to many oil industry experts. As a result, Texas’ population growth has averaged 1.7 percent annually over the past three years - more than double the national average.
Cline Shale
Texas is home to the Eagle Ford Shale in South Texas and Cline Shale in West Texas’ Permian Basin – two of the world’s largest unconventional resource plays expected to produce for decades. 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.