Orion Announces Royalty Acquisitions in Oklahoma
Rhea-AI Summary
Orion Diversified Holding Co Inc. (OTC:OODH) has announced the acquisition of a 0.3125% royalty interest in Grady County, Oklahoma. The company revealed that Continental Resources has drilled a 2.5-mile horizontal well on their Grady County Scoop Stack royalty acreage, with another well permitted for drilling. Additionally, two 2.5-mile horizontal wells were recently drilled on Orion's Kingfisher County Oklahoma acreage, with first revenue disbursements expected in May 2025.
The company reported that revenues from non-operated properties exceeded $20,000 in April 2025. Orion currently owns 53,160 mineral acres across multiple basins, including the Bakken, Permian Basin, Piceance Basin, Eagle Ford, and Scoop Stack of Oklahoma.
Positive
- New 0.3125% royalty acquisition in Grady County Oklahoma
- Continental Resources has drilled a 2.5-mile horizontal well with another well permitted
- First revenue disbursements expected from Kingfisher royalty in May 2025
- Non-operated properties generated over $20,000 in revenue in April 2025
- Substantial mineral rights portfolio of 53,160 acres across major U.S. basins
Negative
- None.
CARSON CITY, NV / ACCESS Newswire / May 14, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH, "Orion"), a revenue generating diversified company, announced today that it has closed on a royalty acquisitions.
OKLAHOMA
0.3125% royalty in Grady County Oklahoma
FOUNDERS COMMENTS
"We were recently notified that Continental Resources has drilled a 2 ½ mile horizontal well on our Grady County Scoop Stack royalty acreage. Another well has been permitted to be drilled on this 160-acre Grady County Oklahoma royalty acreage." Commented Tom Lull, CEO of Orion. We recently had 2- 2 ½ mile horizontal wells drilled on our Kingfisher County Oklahoma acreage, and Orion is expecting its first revenue disbursements from our Kingfisher royalty in the month of May 2025. Revenues from our non-operated properties 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, 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 royalty interest did OODH acquire in Grady County, Oklahoma?
How much revenue did OODH generate from non-operated properties in April 2025?
How many mineral acres does OODH currently own?
When does OODH expect to receive first revenue from its Kingfisher County Oklahoma royalty?
