Orion Hits Acreage Milestones at 21,041 Royalty Acres – Stock News Source

CARSON CITY, NV / ACCESS CABLE / Jul 8, 2022 / Orion Diversified Holding Co Inc. (OTC PINK: OODH) (“OODH” or the “Company”) announced today that it has closed 2 separate acquisitions this week totaling 480 acres and Orion currently has a royalty interest in 21,041 acres across all oil producing regions. and US gas

SURFACE HIGHLIGHTS


Sponsored Content:


Orion owns mineral interests in more than 21,041 acres in the Bakken Shale, Permian Basin, Woodford Shale, Haynesville Shale, Niobrara Shale, Powder River Basin, Anadarko Basin, and Eagle Ford Shale.

Orion currently operates over 3,200 acres at over 70% NRI in Eagle Ford and the Permian Basin.

MANAGEMENT COMMENTS

“Two separate royalty acquisitions have been closed this week. Orion purchased a 1.6% royalty interest in 160 acres in the Anadarko Basin of Greeley County, Kansas. We also purchased a 31% royalty interest in 320 acres in Texas County, Oklahoma.” commented Tom Lull, CEO of Orion. “Royalties are very valuable and allow us to receive income in all US oil and gas regions without maintaining operations. Our operated properties in Eagle Ford and the Permian Basin are on track to exceed $40,000 in revenue this July 2022.”


Sponsored Content: OurLifeStore.com is a veteran-owned e-commerce with over 40,000 items at great prices and always free shipping


ABOUT ORION DIVERSIFIED HOLDING CO INC.

Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in majority operated working interests, non-operated working interests and mineral interests in oil and gas properties, with a central area of ​​focus in major basins within the USA. . More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.

SAFE HARBOR DECLARATION

East Press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated revenues, expenses, earnings, operating cash flows, market prospects and product demand. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors that could cause actual results to differ materially from forward-looking statements. Such statements are based, among other things, on assumptions made by management and information currently available to management, including management’s own knowledge and assessment of the Company’s industry and competition. The Company undertakes no obligation to update its forward-looking statements.

CONTACT:

orion diversified holding co inc.
Tomas Llull, president
[email protected]
Phone: 760-889-3435

FONT: orion diversified holding co inc.

See source version at access cable.com:
https://www.accesswire.com/708036/Orion-Reaches-Acreage-Milestones-at-21041- Royalty-Acres

Source link

Leave a Reply

Your email address will not be published.