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) reports developments as a diversified natural-resource holding company focused on U.S. oil and gas royalties, mineral interests, and working interests. Company updates commonly describe acquisitions of royalty and non-operated working interests, production exposure in basins such as the Bakken, Permian, Piceance, Arkoma, Eagle Ford, Haynesville Shale, and Oklahoma SCOOP Stack, and income received from producing properties operated by third parties.
Orion news also covers expansion into precious-metal, rare-earth, and critical-mineral properties through mineral leases and acreage in Nevada and California. Releases commonly discuss cash-funded asset additions, pipeline or takeaway constraints affecting production, and portfolio diversification across energy and mineral holdings.
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 0.00175% royalty interest in Yoakum County, Texas, encompassing 640 acres with current production of 416 bopd and 93 mcgpd. This property is operated by White Rock Oil & Gas LLC. The company holds mineral interests across more than 21,361 acres in various U.S. shale basins, with over 3200 acres operated at 70% NRI. The Yoakum acquisition is projected to yield over $1 million in monthly revenue.
Orion Diversified Holding Co (OTC PINK:OODH) has successfully completed two acquisitions totaling 480 acres, enhancing its royalty interests to 21,041 acres across key US oil and gas regions. The company now operates over 3,200 acres with a net revenue interest of over 70% in the Eagle Ford and Permian Basin. CEO Tom Lull noted that these royalty acquisitions will help generate significant income without direct operational costs, projecting revenues of $40,000 for July 2022.
Orion Diversified Holding Co (OTC PINK:OODH) has closed an acquisition of a 0.625% royalty interest on 320 acres in Converse County, Wyoming. This adds to their extensive portfolio, which includes interests in over 20,561 acres across major U.S. shale regions. CEO Tom Lull highlighted increasing drilling activity, particularly in the Permian Basin, with significant future plans for the Powder River Basin, including 5000 wells in the next five years. The company continues to focus on maximizing its operational interests in premier oil and gas areas.
Orion Diversified Holding Co (OTC PINK: OODH) announced the acquisition of a non-operated working interest in 9 oil and gas wells, with stakes ranging from 0.5% to 13.5% across North Dakota, Arkansas, and New Mexico. The wells are projected to average 225 MCFGPD and 40 BOPD, contributing significant revenue. June 2022 revenues are expected to exceed $43,000. Orion's mineral interests now span over 20,241 acres, marking significant growth in mineral ownership in premier US basins.
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.