Orion Diversified Holding Accelerates Energy Expansion With Major 24.75% Non-Operated Working Interest Acquisition
Rhea-AI Summary
Orion Diversified Holding (OTCID: OODH) announced completion of an acquisition of non-operated working interests in three producing oil and natural-gas properties in Oklahoma and New Mexico, led by a 24.75% non-operated working interest and approximately 21.65625% net revenue interest in a producing property in San Juan County, New Mexico.
According to Orion, the three-property package has recently averaged about 180 MCF per day of gross natural-gas production, plus associated oil from New Mexico. The Oklahoma assets include non-operated working interests of 1.451549% and 0.911060%, with cumulative gross gas production of roughly 7.61 Bcf and 3.24 Bcf, respectively.
Orion said the deal supports its strategy of expanding a diversified, non-operated U.S. energy portfolio, alongside its recent North Dakota acquisition and ongoing work on a planned Gulf Coast acquisition.
Positive
- 24.75% non-operated WI and ~21.65625% NRI in producing New Mexico property
- Three-property package recently averaged ~180 MCF/day gross natural-gas production plus associated oil
- Oklahoma interest with 1.451549% WI, ~1.269483% NRI and ~7.61 Bcf cumulative gross gas
- Second Oklahoma interest with 0.911060% WI, ~0.740240% NRI and ~3.24 Bcf cumulative gross gas
- Acquisition adds producing assets in two additional regions, complementing recent North Dakota deal
Negative
- None.
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CARSON CITY, NV / ACCESS Newswire / August 25, 2026 / Orion Diversified Holding Co. Inc. (OTCID:OODH) ("Orion" or the "Company"), a revenue-generating diversified natural-resource company, announced today that it has completed the acquisition of non-operated working interests in three producing oil and natural-gas properties across Oklahoma and New Mexico, highlighted by a substantial
The acquisition expands Orion's participation in two established U.S. energy-producing regions and adds additional producing assets to the Company's growing multi-state portfolio.
According to acquisition information, the three-property package has recently averaged approximately 180 MCF of natural gas production per day on a combined gross basis, in addition to oil production associated with the New Mexico property.
The cornerstone of the acquisition is Orion's
Acquisition information reports cumulative gross production of approximately 17,900 barrels of oil and 305 million cubic feet of natural gas from the property.
The substantial
Oklahoma Producing Interests
The acquisition also includes two additional producing non-operated working interests located in Oklahoma.
The first includes a
The second includes a
Major Gulf Coast Acquisition Progress
Orion also reports continued progress surrounding its major Gulf Coast energy acquisition. The Company believes the matter is advancing toward an important stage and looks forward to providing shareholders with a more comprehensive update when appropriate.
Continued Portfolio Expansion
The acquisition continues Orion's strategy of selectively acquiring non-operated working interests, mineral rights, royalties and overriding royalty interests in established U.S. producing regions.
These newly acquired interests complement Orion's recently announced North Dakota acquisition, which added another producing non-operated working interest to the Company's portfolio.
Orion continues to evaluate additional producing properties and mineral opportunities throughout the United States as management works to expand the Company's recurring energy revenue base while maintaining a lean corporate operating structure.
Executive Commentary
"We continue to execute our strategy of acquiring producing energy assets with established production histories at attractive entry points," said Tom Lull, President and CEO of Orion Diversified Holding Co. Inc.
"The highlight of this acquisition is the substantial
Lull continued:
"Combined with our recent North Dakota acquisition and continued progress surrounding our major Gulf Coast acquisition, Orion continues to expand its producing energy portfolio. We remain focused on identifying opportunities where we believe the underlying assets provide attractive long-term economic potential and building Orion one acquisition at a time."
About Orion Diversified Holding Co. Inc.
Orion Diversified Holding Co. Inc. is a diversified natural-resource holding company primarily focused on acquiring producing non-operated working interests, royalty interests, overriding royalty interests and mineral acreage across established U.S. energy regions.
The Company maintains a lean corporate operating structure while building a diversified portfolio of energy and natural-resource assets across the United States.
For additional information, visit:
Media & Investor Relations Contact
Thomas Lull, President & CEO
Orion Diversified Holding Co. Inc.
Email: tom@orionenergyco.com
Phone: 760-889-3435
X: www.x.com/TomLull1
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 concerning anticipated revenues, production, operating cash flows, future acquisitions, development activities and the Company's business strategy. Forward-looking statements are not guarantees of future performance and are inherently subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Such statements are based upon assumptions made by, and information currently available to, management, including management's knowledge and assessment of the Company's industry, properties and competitive environment. The Company assumes no obligation to update forward-looking statements except as required by applicable law.
SOURCE: Orion Diversified Holding Co Inc.
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