Orion Announces Large Natural Gas Acquisitions in Oklahoma, Colorado, & Arkansas

Rhea-AI Summary

Orion Diversified Holding (OTC:OODH) has completed several significant natural gas acquisitions across multiple states. In Colorado, the company acquired a 1% non-op working interest and 0.38% override royalty interest in 116 wells producing 1,571 mcfpd and 5 bopd across 9,353 acres, plus a 10.17% royalty across 10,220 acres. In Oklahoma, Orion secured a 6.07% non-op working interest and 0.12% override royalty interest in 23 wells producing 2,059 mcfpd and 67 bopd. In Arkansas, the company obtained a 1.03% non-op working interest in 118 wells producing 4,220 mcfpd and 1 bopd. CEO Tom Lull highlighted that Citizen Energy is drilling two 2-mile horizontal wells in Kingfisher County, and all acquisitions are cash flow positive. Orion now owns 53,000 mineral acres across major basins including Bakken, Permian, Piceance, Eagle Ford, and Scoop Stack.

Positive

• All new acquisitions are immediately cash flow positive
• Total production from new acquisitions: 7,850 mcfpd (million cubic feet per day) of natural gas and 73 bopd (barrels of oil per day)
• Significant acreage position with 53,000 mineral acres across major U.S. basins
• New drilling activity by Citizen Energy on company's Kingfisher County royalty acreage
• 10.17% royalty secured across 10,000+ acres in prolific Colorado oilfields

Negative

• Primarily non-operating interests, limiting operational control
• Heavy concentration in natural gas versus oil production
• Small working interest percentages (1-6%) in most properties

CARSON CITY, NV / ACCESS Newswire / May 1, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)("Orion"), a revenue generating diversified company, announced today that it has closed on several large acquisitions.

COLORADO

• 1.0% non-op working interest & .38% override royalty interest in 116 wells producing 1,571mcfpd & 5 bopd with 9,353 acres held by production.

• 10.17% royalty across 10,220 acres located in Garfield, Mesa, Moffat, Rio Blanco, and Routt County Colorado.

OKLAHOMA

• 6.07% non-op working interest & a .12% override royalty interest in 23 wells producing 2,059 mcfpd & 67 bopd located in Grady County Oklahoma.

ARKANSAS

• 1.03% non-op working interest in 118 wells producing 4,220 mcfpd and 1 bopd located in Franklin & Logan County Arkansas.

FOUNDERS COMMENTS

"We were recently notified that Citizen Energy has drilled 2-2-mile horizontal wells on our Kingfisher County royalty acreage. We are being pooled into a 640-acre horizontal drilling and spacing unit on our Kingfisher County Oklahoma acreage. Our recent acquisition in northwest Colorado puts us in prolific oilfields with a 10.17% royalty across more than 10,000 acres. We are cash flow positive on all of these recent acquisitions and have already generated significant income from these properties." Commented Tom Lull, CEO of Orion. We are working towards re-entering our Eagle Ford property as we have analyzed data for massive gas shows. We recently sold oil on Orion's Eagle Ford property as well. We are not slowing down, and I will continue to build value for our shareholders. Orion now owns 53,000 mineral acres in the Bakken, Permian Basin, Piceance Basin, Eagle Ford, 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 53,000 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, 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

SOURCE: Orion Diversified Holding Co Inc.

View the original press release on ACCESS Newswire

FAQ

What acquisitions did Orion (OODH) announce in May 2025?

Orion announced acquisitions in three states: Colorado (1% working interest in 116 wells and 10.17% royalty across 10,220 acres), Oklahoma (6.07% working interest in 23 wells), and Arkansas (1.03% working interest in 118 wells).

How much natural gas production did OODH acquire in these acquisitions?

The total natural gas production from the acquisitions is 7,850 mcfpd (million cubic feet per day), with Colorado producing 1,571 mcfpd, Oklahoma producing 2,059 mcfpd, and Arkansas producing 4,220 mcfpd.

What is the total mineral acreage position of Orion after these acquisitions?

Orion now owns 53,000 mineral acres across major basins including the Bakken, Permian Basin, Piceance Basin, Eagle Ford, and Scoop Stack of Oklahoma.

Are Orion's new acquisitions profitable?

Yes, according to CEO Tom Lull, all of the recent acquisitions are cash flow positive and have already generated significant income for the company.

What development is happening on Orion's Kingfisher County Oklahoma acreage?

Citizen Energy is drilling two 2-mile horizontal wells on Orion's Kingfisher County royalty acreage, with Orion being pooled into a 640-acre horizontal drilling and spacing unit.