Orion Announces an Acquisition in the SCOOP Stack of Oklahoma & Files a Provisional Patent
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.
Orion Diversified Holding Co (OTC PINK:OODH) ha annunciato due sviluppi significativi: In primo luogo, l'acquisizione di un interesse di royalty dell'0,59% su 170 acri nel SCOOP Stack di Garvin County, Oklahoma, che porta la loro proprietà mineraria totale a 34.200 acri nelle principali regioni di petrolio e gas onshore degli Stati Uniti. Citizen Energy sta pianificando più pozzi orizzontali sulla loro superficie in Kingfisher County, con Orion che viene accorpata in una unità di perforazione orizzontale di 320 acri. In secondo luogo, la società ha presentato un brevetto provvisorio attraverso Angle Tools Corp. per una chiave a piastra innovativa progettata per funzionare con trapani elettrici.
Orion Diversified Holding Co (OTC PINK:OODH) ha anunciado dos desarrollos significativos: Primero, la adquisición de un interés de regalías del 0.59% en 170 acres en el SCOOP Stack del condado de Garvin, Oklahoma, lo que lleva su propiedad mineral total a 34,200 acres en las principales regiones de petróleo y gas en tierra de EE. UU. Citizen Energy está planeando múltiples pozos horizontales en su terreno en el condado de Kingfisher, con Orion siendo incorporada en una unidad de perforación horizontal de 320 acres. En segundo lugar, la empresa ha presentado una patente provisional a través de Angle Tools Corp. para una llave de cruz innovadora diseñada para funcionar con taladros eléctricos.
오리온 다이버시파이드 홀딩 컴퍼니 (OTC PINK:OODH)는 두 가지 중요한 개발 소식을 발표했습니다: 첫째, 오클라호마주 가빈 카운티에 위치한 SCOOP 스택의 170 에이커에서 0.59% 로열티 지분을 인수하여, 미국 주요 육상 석유 및 가스 지역에서 총 34,200 에이커의 광물 소유권을 확보했습니다. Citizen Energy는 킹피셔 카운티의 부지에서 여러 개의 수평 시추를 계획하고 있으며, 오리온은 320 에이커의 수평 시추 단위로 통합될 예정입니다. 둘째, 이 회사는 Angle Tools Corp.를 통해 전기 드릴과 함께 사용할 수 있도록 설계된 혁신적인 크레센트 렌치를 위한 임시 특허를 출원했습니다.
Orion Diversified Holding Co (OTC PINK:OODH) a annoncé deux développements significatifs : Tout d'abord, l'acquisition d'un intérêt de redevance de 0,59% sur 170 acres dans le SCOOP Stack du comté de Garvin, Oklahoma, portant leur propriété minérale totale à 34 200 acres dans les principales régions pétrolières et gazières onshore aux États-Unis. Citizen Energy prévoit plusieurs forages horizontaux sur leur terrain dans le comté de Kingfisher, Orion étant intégrée dans une unité de forage horizontal de 320 acres. Deuxièmement, la société a déposé un brevet provisoire auprès d'Angle Tools Corp. pour une clé à molette innovante conçue pour travailler avec des perceuses électriques.
Orion Diversified Holding Co (OTC PINK:OODH) hat zwei bedeutende Entwicklungen angekündigt: Erstens, die Akquisition eines 0,59%igen Royalty-Interesses an 170 Acres im SCOOP Stack im Garvin County, Oklahoma, wodurch ihr gesamtes Mineralbesitz auf 34.200 Acres in den wichtigsten US-Inlandöl- und Gasregionen erweitert wird. Citizen Energy plant mehrere horizontale Bohrungen auf ihrem Grundstück im Kingfisher County, wobei Orion in eine 320-Acre-Horizontbohreinheit integriert wird. Zweitens hat das Unternehmen über Angle Tools Corp. ein vorläufiges Patent für einen innovativen verstellbaren Schraubenschlüssel beantragt, der für die Verwendung mit Elektrobohrern konzipiert ist.
- Acquisition of 0.59% royalty interest in 170 acres in SCOOP Stack
- Total mineral ownership reaches 34,200 acres across major US oil/gas regions
- Planned multiple horizontal wells by Citizen Energy on Kingfisher County acreage
- Active negotiations for additional Permian Basin acquisitions
- None.
CARSON CITY, NV / ACCESSWIRE / November 6, 2024 / Orion Diversified Holding Co, Inc. (OTC PINK:OODH, "Orion"), a revenue generating diversified company, announced today that it has closed on an acquisition of a royalty interest in the SCOOP Stack of Garvin County, Oklahoma. The property consists of a
FOUNDERS COMMENTS
"We have received notice from the State of Oklahoma that Citizen Energy is planning to drill multiple well horizontals on our Kingfisher County acreage. We are being pooled into a 320 acre horizontal drilling and spacing unit. We are currently negotiating with several oil companies in the Permian Basin to acquire producing and non producing oil and gas operations." Commented Tom Lull, CEO of Orion. In addition to this we have filed another patent pending product under the Angle Tools Corp. for a crescent wrench designed to work with an electric drill. Finding a socket to fit a ratchet can be challenging and turning a crescent wrench by hand can be frustrating as well. This prototype design works with an electric drill and has a moveable shaft with grooves in the jaws of the crescent wrench to grip any bolt or nut."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a holding company with a primary strategy of creating innovative construction products and investing in operated majority working interest, non-operated working interest, and mineral interests in producing oil & gas properties, with a core area of focus in the premier basins within the United States. Orion receives monthly income from 34,200 mineral acres and receives income from Chevron, Conoco Phillips, Apache, Occidental Petroleum, EOG Resources, Mewbourne Oil, Merit Energy, Hilcorp Oil, Kraken Oil, DCP, Raybaw Operating, and many others. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com; www.angle-tools.com
SAFE HARBOR STATEMENT
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
CONTACT:
Orion Diversified Holding Co Inc.
Thomas Lull, President
tom@orionenergyco.com
Phone: 760-889-3435
www.x.com/TomLull1
www.instagram.com/ryanlulldad
SOURCE: Orion Diversified Holding Co Inc.
View the original press release on accesswire.com
FAQ
What royalty interest did OODH acquire in Oklahoma's SCOOP Stack?
How many total acres of mineral ownership does OODH now have?
What is the size of OODH's horizontal drilling unit in Kingfisher County?
What new patent has OODH filed through Angle Tools Corp?
