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 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.
Orion Diversified Holding Co (OTC PINK:OODH) has filed necessary paperwork with OTC Markets to achieve Pink Current Information status. The company has established a wholly owned subsidiary, Orion Energen Inc, focused on acquiring oil and gas properties in the Permian Basin. A Letter of Intent has been signed to acquire four wells in Pecos County, Texas, averaging 14 BOEPD over 160 acres. Orion Energen is also negotiating for four additional properties in the same region.