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ORION DIVERSIFIED HLD CO - OODH STOCK NEWS

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Orion Diversified Holding Co Inc. is a company specializing in investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, primarily focusing on key basins in the US. With an expanding portfolio of mineral ownership in major US onshore oil and gas regions, the company has made significant strides in acquiring interests across multiple states. Recently, Orion increased its royalty interest in the Stack Shale of Kingfisher County Oklahoma and closed on a non-operated working interest in wells in Wyoming.

Under the leadership of CEO Tom Lull, Orion has successfully restructured its operations and now has fewer than 5.33 million shares outstanding. The company has reported revenues exceeding $24,000 from royalties, non-operated working interests, and override royalties in the 2nd quarter of 2023. With a strategic approach to acquiring mineral interests and expanding its presence in lucrative basins, Orion Diversified Holding Co Inc. continues to establish itself as a key player in the oil and gas industry.

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Orion Diversified Holding Co (OTC PINK:OODH) has announced two significant developments: First, the acquisition of a 0.59% royalty interest in 170 acres in the SCOOP Stack of Garvin County, Oklahoma, bringing their total mineral ownership to 34,200 acres across major US onshore oil and gas regions. Citizen Energy is planning multiple horizontal wells on their Kingfisher County acreage, with Orion being pooled into a 320-acre horizontal drilling unit. Second, the company has filed a provisional patent through Angle Tools Corp. for an innovative crescent wrench designed to work with electric drills.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of ORION DIVERSIFIED HLD CO (OODH)?

The current stock price of ORION DIVERSIFIED HLD CO (OODH) is $0.287252 as of December 19, 2024.

What is the market cap of ORION DIVERSIFIED HLD CO (OODH)?

The market cap of ORION DIVERSIFIED HLD CO (OODH) is approximately 2.4M.

What is Orion Diversified Holding Co Inc.?

Orion Diversified Holding Co Inc. is a company that specializes in investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, focusing on key basins in the US.

What is the recent achievement of Orion Diversified Holding Co Inc.?

Orion recently increased its royalty interest in the Stack Shale of Kingfisher County Oklahoma and closed on a non-operated working interest in wells in Wyoming, generating revenues exceeding $24,000 in the 2nd quarter of 2023.

Who is the CEO of Orion Diversified Holding Co Inc.?

Tom Lull serves as the CEO of Orion Diversified Holding Co Inc. and has played a crucial role in restructuring the company's operations, resulting in fewer than 5.33 million shares outstanding.

What is the focus area of Orion Diversified Holding Co Inc.?

Orion primarily focuses on investing in oil & gas properties in premier basins within the United States, with a strategic approach to acquiring mineral interests and expanding its presence in lucrative regions.

How does Orion Diversified Holding Co Inc. generate revenue?

Orion generates revenues from royalties, non-operated working interest, and override royalties in the oil and gas industry, reporting significant income from its recent operations and acquisitions.

ORION DIVERSIFIED HLD CO

OTC:OODH

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2.41M
194.81M
Oil & Gas E&P
Energy
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United States of America
Las Vegas