Orion Announces Oklahoma Scoop Stack Royalty Acquisitions
Orion Diversified Holding Co Inc. (OTC PINK:OODH) has announced the acquisition of a 0.625% royalty interest on 160 acres in Logan County, Oklahoma's Scoop Stack region.
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Rhea-AI Summary
Orion Diversified Holding Co Inc. (OTC PINK:OODH) has announced the acquisition of a 0.625% royalty interest on 160 acres in Logan County, Oklahoma's Scoop Stack region. The company also holds a 6.07% non-operating working interest and 0.12% override royalty interest from a December 2024 deal, involving 23 wells producing 2,059 mcfpd and 67 boepd.
The company expects revenue from two horizontal wells in Kingfisher County by late May 2025 and another from a 2½ mile horizontal well in Grady County by late June 2025. Orion reported revenues exceeding $20,000 in April 2025 from royalties and non-operating interests outside Oklahoma. The company now owns 53,160 mineral acres across major U.S. basins, including the Bakken, Permian, Piceance, Arkoma, Eagle Ford, and Scoop Stack.
Positive
- New royalty acquisition in Oklahoma's Scoop Stack region expands portfolio
- Revenue of over $20,000 in April 2025 from existing operations
- Imminent revenue expected from three new horizontal wells
- Diversified portfolio across 53,160 mineral acres in major U.S. basins
- 23 producing wells generating 2,059 mcfpd & 67 boepd
Negative
- Small royalty interest percentages (0.625% royalty, 0.12% override)
- Relatively modest monthly revenue of $20,000 indicates small-scale operations
Details
News Market Reaction – OODH
The recorded move for OODH in the trading session of this news was -2.22%.
Data tracked by StockTitan Argus. Session date unavailable.
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CARSON CITY, NV / ACCESS Newswire / May 22, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)("Orion"), a revenue generating diversified company, announced today that it has closed on another royalty acquisition in the Scoop Stack of Logan County Oklahoma .
OKLAHOMA SCOOP STACK
0.625% royalty on 160 acres in Logan County Oklahoma.23 Wells 2,059 mcfpd & 67 boepd
6.07% non-op working interest & .12% override royalty interest closed on 12/11/2024.
FOUNDERS COMMENTS
"We now have 3-2 ½ mile horizontal wells drilled on our royalty acreage in the Scoop Stack of Oklahoma. We anticipate revenue checks from 2 of these horizontal wells in Kingfisher County Oklahoma will start to pay in late May 2025. We anticipate revenue from the 2 ½ mile horizontal well recently drilled in Grady County Oklahoma will pay in late June 2025. Orion has more than 1,000 royalty acres in the Scoop Stack area surrounding Oklahoma City." Commented Tom Lull, CEO of Orion. Orion's revenues exceeded
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 53,160 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, Hanna Oil, Unit Corp, Utah Gas, 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
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