Orion Div Stock Price, News & Analysis

Orion Diversified Holding Co (OTC PINK: OODH) has successfully acquired a 0.41% royalty interest in four gas wells in Freestone County, Texas. The company owns a total of 16,241 royalty mineral acres, including 3,047 acres with a 70%+ net revenue interest across 10 producing wells in various U.S. basins. In June 2022, the company anticipates revenues exceeding $43,000, with 360 barrels of oil sold and 4,000 mcfpm produced. CEO Tom Lull aims to acquire nine more wells in the Permian Basin, targeting production of over 1,000 barrels of oil per month.

Orion Diversified Holding Co (OTC PINK:OODH) announced the successful closure of two key acquisitions in the Permian Basin on June 1, 2022. The acquisitions include 9,280 acres in Pecos County and a 1% working interest in the Pinon Overthrust Gas Area, along with five oil and gas wells in Ector County averaging 15 barrels of oil per day and 10 thousand cubic feet per day. CEO Thomas Lull stated that revenues for June 2022 are projected to exceed $35,000, indicating a strong growth trajectory under new leadership.

Orion Diversified Holding Co (OTC PINK:OODH) announced an acquisition of 40 oil and gas wells over 1,480 acres in the Permian Basin, averaging 60 boepd. Orion Energen Inc. will operate these wells, holding a 100% working interest and 76% net revenue interest. The acquisition is part of Orion's strategy to expand its acreage, approaching 6,000 acres post-acquisition, with anticipated revenues exceeding $65,000 in Q2 2022. Management expresses confidence in generating over 80 boepd from the new properties.

Orion Diversified Holding Co Inc. (OTC PINK:OODH) has successfully closed a royalty interest acquisition in the Eagle Ford Shale area of Texas, covering 640 acres with a 0.15625% royalty interest. The Eagle Ford area has produced over 12 million barrels of oil since 1993. Additionally, Orion's Ward County property in the Permian Basin currently produces 5 barrels of oil equivalent per day (boepd). Management is focusing on enhancing production through evaluating existing wells and perforating new zones. The company now controls mineral interests exceeding 4,500 acres.

Orion Diversified Holding Co (OTC PINK: OODH) announced the completion of a producing royalty interest acquisition in Colorado's Piceance Basin, covering 1,127 acres with an 18.75% royalty on one producing gas well. Additionally, the company is in negotiations for an oil and gas property in the Permian Basin. Operational updates reveal the Ward County property is producing 5 boepd, with efforts underway to enhance production from other wells. The Rhode Ranch property in Eagle Ford is averaging 5,000 MCFPM and 90 barrels of oil monthly. Future plans include perforating more zones in existing wells.

Orion Diversified Holding Co (OTC PINK:OODH) announced the closing of an acquisition involving non-operated working interests in two wells in the Anadarko Basin, Oklahoma, with production averaging 73 mcfpd. The company also secured a producing oil and gas property in the Sprayberry field of the Permian Basin. Since September 2021, Orion has expanded its portfolio by acquiring 2,546 gross acres and achieved revenues of $60,170 in Q1 2022. All acquisitions were made without incurring bank debt or issuing new shares.

Orion Diversified Holding Co (OTC PINK: OODH) announced the acquisition of 320 acres in the Permian Basin, finalized on March 15, 2022. The property boasts 100% working interest with over 75% net revenue interest, featuring five producing oil and gas wells and one permitted injection well. Key assets include oil tanks, separators, and pumpjacks, with additional potential for Wolfcamp horizontal well completion.

CEO Thomas Lull emphasized the strategic importance of the site, noting zero debt and no share dilution amidst anticipated revenues from this key oil-producing region.

Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a non-operated royalty interest in the Anadarko Basin of Oklahoma, covering 160 acres with a 2.08% non-operated royalty interest. Additionally, the company has settled on pricing for two producing oil and gas properties in the Permian Basin. The Rhode Ranch property is projected to generate over $60,000 in Q1 2022, with ongoing adjustments to enhance production. Forward-looking statements highlight potential revenue growth but are subject to risks and uncertainties.

Orion Diversified Holding Co (OTC PINK:OODH) announced the completion of two key acquisitions on December 17, 2021, in the Eagle Ford Shale and Bakken Shale. The Eagle Ford acquisition includes 1,680 acres in McMullen County, Texas, with a working interest of 100% and net revenue interest exceeding 70%. The Bakken acquisition covers 386 acres in Montana with a 29.21% non-operated working interest. CEO Thomas Lull emphasized the revenue potential from these strategic asset additions.