Orion Acquires Oil & Gas Assets in Texas & Mississippi
Orion Diversified Holding (OTC:OODH) has expanded its oil and gas portfolio through acquisitions in Texas and Mississippi. In Texas, the company acquired 640 acres and 1.5 net mineral acres in Matagorda County. The Mississippi acquisition includes a 0.60% non-operated working interest in 39 wells currently producing 2,350 BOPD (14.10 net BOPD to Orion).
The Mississippi property has a significant production history, having produced 60.1 million barrels of oil and 5.9 BCF of gas since 1977, with peak production of 10,000 BOPD in 2011. Additionally, Orion holds 53,960 mineral acres across major U.S. basins including Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale, and Scoop Stack.
Orion Diversified Holding (OTC:OODH) ha ampliato il suo portafoglio petrolifero e del gas tramite acquisizioni in Texas e Mississippi. In Texas la società ha comprato 640 acri e 1,5 netti acri minerari nella contea di Matagorda. In Mississippi l’acquisizione comprende un interesse operativo non operativo dello 0,60% in 39 pozzi attualmente produttivi per 2.350 BOPD (pari a 14,10 BOPD netti per Orion).
La proprietà del Mississippi vanta una lunga storia produttiva: ha prodotto 60,1 milioni di barili di petrolio e 5,9 BCF di gas dal 1977, con un picco produttivo di 10.000 BOPD nel 2011. Inoltre, Orion detiene 53.960 acri minerari in importanti bacini USA come Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale e Scoop Stack.
Orion Diversified Holding (OTC:OODH) ha ampliado su cartera de petróleo y gas mediante adquisiciones en Texas y Mississippi. En Texas la compañía adquirió 640 acres y 1,5 acres netos minerales en el condado de Matagorda. La adquisición en Mississippi incluye un 0,60% de interés working no operado en 39 pozos que producen actualmente 2.350 BOPD (equivalente a 14,10 BOPD netos para Orion).
La propiedad de Mississippi tiene una destacada trayectoria de producción: ha generado 60,1 millones de barriles de petróleo y 5,9 BCF de gas desde 1977, con un pico de 10.000 BOPD en 2011. Además, Orion posee 53.960 acres minerales en cuencas estadounidenses clave como Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale y Scoop Stack.
Orion Diversified Holding (OTC:OODH)는 텍사스와 미시시피에서의 인수를 통해 석유·가스 포트폴리오를 확장했습니다. 텍사스에서는 매터골드카운티(Matagorda County)에 640에이커와 1.5 순광업에이커를 인수했습니다. 미시시피 인수건은 현재 2,350 BOPD를 생산 중인 39개 유정에 대한 0.60% 비운영 워킹이익을 포함하며(Orion의 순생산은 14.10 BOPD입니다).
미시시피 자산은 오랜 생산 기록을 가지고 있으며, 1977년 이후 6,010만 배럴의 석유와 5.9 BCF의 가스를 생산했고 2011년에는 최대 일산 10,000 BOPD를 기록했습니다. 또한 Orion은 Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale, Scoop Stack 등 주요 미(美) 유전 분지에 걸쳐 53,960 광업에이커를 보유하고 있습니다.
Orion Diversified Holding (OTC:OODH) a élargi son portefeuille pétrolier et gazier grâce à des acquisitions au Texas et au Mississippi. Au Texas, la société a acquis 640 acres et 1,5 acre minier net dans le comté de Matagorda. L’acquisition au Mississippi comprend un intérêt opératoire non exploitant de 0,60 % dans 39 puits produisant actuellement 2 350 BOPD (soit 14,10 BOPD nets pour Orion).
Le site du Mississippi présente un historique de production important : il a produit 60,1 millions de barils de pétrole et 5,9 BCF de gaz depuis 1977, avec un pic de production à 10 000 BOPD en 2011. Par ailleurs, Orion détient 53 960 acres miniers dans des bassins majeurs américains tels que Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale et Scoop Stack.
Orion Diversified Holding (OTC:OODH) hat sein Öl- und Gasportfolio durch Zukäufe in Texas und Mississippi erweitert. In Texas erwarb das Unternehmen 640 Acres und 1,5 Net-Mineral-Acres in Matagorda County. Der Mississippi-Erwerb umfasst ein 0,60% nichtbetriebsführendes Working Interest an 39 aktuell produzierenden Bohrungen mit 2.350 BOPD (entsprechend 14,10 Net BOPD für Orion).
Das Mississippi-Objekt kann auf eine bedeutende Produktionshistorie verweisen: Seit 1977 wurden 60,1 Millionen Barrel Öl und 5,9 BCF Gas gefördert, mit einem Produktionspeak von 10.000 BOPD im Jahr 2011. Zudem hält Orion 53.960 Mineral-Acres in wichtigen US-Becken wie Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale und Scoop Stack.
- Acquisition of 640 acres in Texas Matagorda County with active surrounding leases
- 0.60% working interest in 39 producing Mississippi wells generating 14.10 net BOPD
- Significant proven production history in Mississippi asset (60.1M barrels + 5.9 BCF gas)
- Strategic position with 53,960 mineral acres across major U.S. oil & gas basins
- Potential development opportunities in Pecos County with active operator interest
- Non-operated working interest structure limits operational control
- Mississippi field production has declined significantly from 10,000 BOPD peak in 2011
- Pecos County assets include plugged wells from previous development
CARSON CITY, NV / ACCESS Newswire / September 4, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)("Orion"), a revenue generating diversified company, announced today that it has closed on a royalty and non-operated working interest in Texas & Mississippi.
TEXAS
640 Acres & 1.5 net mineral acres
MISSISSIPPI
0.60% Non Operated Working Interest in 39 wells producing 2,350 bopd or 14.10 net bopd to Orion
TOM LULL COMMENTS
"This is our first entry into the Mississippi oil and gas fields. This property was drilled in 1977 and hit peak production of 10,000 bopd in 2011. The Mississippi property has produced 60,156,572 barrels and 5.9 bcf of gas since 1977. The Texas acquisition is in Matagorda County and there are active leases surrounding this 640 acre royalty acquisition. " Commented Tom Lull, CEO of Orion. On September 9, 2025 the US government is leasing 7,895 acres in Rio Blanco County Colorado, and Orion has 5,372 gross acres and 668 net mineral acres adjacent to these federal land tracts. Orion also has 9,280 acres or 14.5 square miles of royalties in the southeast corner of Pecos County Texas near the Terrell County Texas border. XTO drilled five vertical wells in 1963 on this Pecos county acreage to a depth of 23,000 feet and one well produced in excess of 60 bcf of natural gas. All five wells were plugged in 2021 and Orion purchased this 9,280 acre tract of land in Pecos County Texas in 2022. Orion has been notified that several oil companies have taken active leases in this area of Pecos County Texas for horizontal development. Orion now owns 53,960 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a holding company with a primary strategy of investing in operated majority working interest, non-operated working interest, royalty, and mineral interests in producing oil & gas properties, with a core area of focus in the premier basins within the United States. Orion receives monthly income from 53,960 mineral acres and receives income from Chevron, Conoco Phillips, Apache, Occidental Petroleum, EOG Resources, Mewbourne Oil, Merit Energy, Hilcorp Oil, Kraken Oil, DCP, Raybaw Operating, Unit Corp, Hanna Oil, Cambrian Resources, Utah Gas Corp, Compass Operating, Denbury and many others. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.
CONTACT:
Orion Diversified Holding Co Inc.
Thomas Lull, President
tom@orionenergyco.com
Phone: 760-889-3435
www.x.com/TomLull1
lull_tom@yahoo.com
SAFE HARBOR STATEMENT
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
SOURCE: Orion Diversified Holding Co Inc.
View the original press release on ACCESS Newswire
FAQ
What assets did Orion Diversified Holding (OODH) acquire in Texas and Mississippi?
How much oil and gas has the Mississippi property produced since its inception?
What is Orion's (OODH) total mineral acreage position after these acquisitions?
What potential development opportunities exist in Orion's Pecos County, Texas assets?
When were the Texas and Mississippi acquisitions completed by OODH?
