Orion Acquires Oil & Gas Assets in Texas & Mississippi

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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?

In Texas, Orion acquired 640 acres and 1.5 net mineral acres in Matagorda County. In Mississippi, they acquired a 0.60% non-operated working interest in 39 wells producing 2,350 BOPD (14.10 net BOPD to Orion).

How much oil and gas has the Mississippi property produced since its inception?

The Mississippi property has produced 60,156,572 barrels of oil and 5.9 BCF of gas since 1977, with peak production of 10,000 BOPD in 2011.

What is Orion's (OODH) total mineral acreage position after these acquisitions?

Orion now owns 53,960 mineral acres across major U.S. basins including the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma.

What potential development opportunities exist in Orion's Pecos County, Texas assets?

Orion owns 9,280 acres in Pecos County where several oil companies have taken active leases for horizontal development. The area has historical production with one well producing over 60 BCF of natural gas.

When were the Texas and Mississippi acquisitions completed by OODH?

Orion announced the closing of these acquisitions on September 4, 2025.