Orion Reaches Acreage Milestones at 21,041 Royalty Acres
07/08/2022 - 12:55 PM
CARSON CITY, NV / ACCESSWIRE / July 8, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on 2 separate acquisitions this week totaling 480 acres and Orion currently has royalty interest in 21,041 acres across all producing US oil and gas regions.
ACREAGE HIGHLIGHTS
Orion owns mineral interest in more than 21,041 acres in the Bakken Shale, Permian Basin, Woodford Shale, Haynesville Shale, Niobrara Shale, Powder River Basin, Anadarko Basin, & Eagle Ford Shale.
3200+ acres are currently being operated by Orion at a 70 %+ NRI in the Eagle Ford and Permian Basin.
MANAGEMENT COMMENTS
"Two separate royalty acquisitions have closed this week. Orion purchased a 1.6% royalty interest on 160 acres in the Anadarko Basin of Greeley County Kansas. We also purchased a .31% royalty interest on 320 acres in Texas County Oklahoma." commented Tom Lull, CEO of Orion. "Royalties are very valuable and allow us to receive income in every US oil and gas region without maintaining operations. Our operated properties in the Eagle Ford and Permian Basin are on target to exceed $40,000 in revenue this July 2022."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.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.
CONTACT:
Orion Diversified Holding Co Inc.tom@orionenergyco.com
SOURCE: Orion Diversified Holding Co Inc.
https://www.accesswire.com/708036/Orion-Reaches-Acreage-Milestones-at-21041-Royalty-Acres
