Welcome to our dedicated page for Orion Div news (Ticker: OODH), a resource for investors and traders seeking the latest updates and insights on Orion Div stock.
Orion Diversified Holding Co Inc. (OODH) regularly publishes updates on its expanding portfolio of oil, gas, royalty, and mineral interests across major U.S. resource regions. Its news flow centers on acquisitions of non-operated working interests, royalty and override royalty positions, and mineral acres in basins such as the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and the SCOOP/STACK plays of Oklahoma, as well as producing properties in states including Colorado, Arkansas, Texas, Louisiana, Mississippi, Wyoming, and others.
Company announcements often detail new transactions, including royalty acquisitions in Oklahoma’s SCOOP Stack, non-operated working interests and royalties in Colorado and Arkansas, and royalty and working-interest deals in Louisiana, Texas, and Mississippi. Orion also reports on its western mineral division, highlighting mineral leases and properties in Nevada and California that provide exposure to placer gold, precious metals, and critical minerals.
Operational updates in Orion’s news releases describe production performance and revenue contributions from its portfolio, such as natural gas output from South Texas wells and oil production in Gulf Coast and other basins. The company also comments on pipeline repairs, anticipated revenue timing from newly drilled horizontal wells, and the integration of recent acquisitions into its cash-flow base.
In addition, Orion’s news includes information about its patent-pending construction tool under Angle Tools Corp. and periodic commentary from management on strategy, capital discipline, and portfolio growth. Investors and observers following OODH news can use this page to review past and recent company communications on acquisitions, production updates, mineral expansion, and other corporate developments.
Orion Diversified Holding Co (OTC PINK: OODH) announced the acquisition of a 0.64% royalty interest in 156 acres located in the Stack Shale of Kingfisher County, Oklahoma. This acquisition enhances Orion's mineral ownership to 33,637 acres across major U.S. oil and gas regions. Additionally, the company recently acquired a 0.13% to 0.38% non-operated working interest in 13 wells in Lavaca County, Texas, currently producing 27,000 mcfpm. Initial production rates in Kingfisher County suggest potential income growth from this acquisition.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 0.62% royalty interest in the Woodford Shale, Oklahoma, covering 160 acres, currently producing 45 mcfpd and 5 bopd from one vertical well. This acquisition grows Orion's mineral ownership to 30,481 acres across major US onshore oil and gas regions. The company plans further acquisitions, including a non-operated working interest in 9 wells in East Texas and another operated property in West Texas, without issuing new shares or taking loans.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a royalty interest in Huerfano County, Colorado, amounting to 1.56% on 640 acres. Orion boasts mineral interests spanning over 30,321 acres across major U.S. shale regions. The company generates multiple income streams from its operations, including 3 wells in the Eagle Ford and 13 in Oklahoma, North Dakota, and New Mexico. Management emphasizes the significant gas reserves within their acreage, enhancing future drilling prospects.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.6% royalty interest in the Las Animas Gas fields, covering 320 acres. This acquisition is part of a broader strategy, with Orion holding mineral interests in over 29,681 acres across several major gas and oil regions. The CEO stated they have secured more than 25,000 royalty acres in the past six months, highlighting the company's focus on generating revenue through royalty interests without incurring operational expenses.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 2.5% royalty interest in the Las Animas Gas fields of Colorado, covering 200 acres. This acquisition expands Orion's mineral ownership to 29,361 acres across major US oil and gas regions. Las Animas County is among Colorado's top natural gas-producing areas. This marks Orion's second acquisition in Colorado within four months, with a total of 2,927 acres ready for drilling, including properties in Eagle Ford, Texas.
Orion Diversified Holding Co (OTC PINK:OODH) has completed the acquisition of a royalty interest in the Anadarko Basin, Oklahoma. This includes a 2.04% non-operated working interest in 640 acres currently yielding 50 mcfpd from three vertical wells. With this acquisition, Orion increases its mineral ownership to 29,161 acres across major US oil and gas regions. CEO Tom Lull emphasized that each acquisition boosts revenue streams and highlights the strategic importance of their growing portfolio in the current market.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.02% royalty interest in 400 acres in Freestone and Houston County, Texas. This adds to the company's existing mineral ownership of 28,521 acres across major U.S. oil and gas regions, including 15,640 acres in the Permian Basin. In the last six months, Orion has generated over $122,000 in revenue. The management aims to negotiate further royalty deals, enhancing value for shareholders by targeting prime oil and gas fields.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.04% royalty interest in 240 acres in the Arkoma Basin, Oklahoma, expanding its mineral ownership to 28,121 acres across major US oil and gas regions. The company has significant assets in the Permian Basin, with plans to perforate three gas wells in Eagle Ford to boost production above 2,000 mcfpd at a low capital expenditure of $50,000. Further acquisitions in Texas are also being negotiated.
Orion Diversified Holding Co (OTC PINK:OODH) has successfully completed the acquisition of a 1.875% royalty interest in a 160-acre property located in the Anadarko Basin, Noble County, Oklahoma. This acquisition adds to Orion's extensive portfolio, which includes over 27,881 acres across various prominent U.S. shale regions. The company reports multiple income streams from its 3 operated wells in the Eagle Ford Shale and 13 non-operated wells in other states. CEO Tom Lull emphasized the growth potential in this proven oil and gas field.
Orion Diversified Holding Co (OTC PINK:OODH) has successfully completed a royalty interest acquisition of 6,360 acres in the Permian Basin, enhancing its mineral ownership to 15,640 acres in prime oil-producing areas. The properties yield approximately 35 barrels of oil and 10 mcfgpd daily. Anticipated revenues are projected to reach $100,000 in Q3 2022, driven by multiple income streams from existing wells. Management indicates ongoing negotiations for more operated properties, highlighting potential revenue growth as new wells are permitted for drilling.
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