Orion Diversified Holding Co Inc. (OTC:OODH) has acquired a 3.0% non-operated working interest and a 0.024% royalty interest in 27 wells in Jackson County, Louisiana. The wells are currently producing 1,740 mcfpd in the Haynesville Shale field. This marks Orion's first entry into Louisiana's oil and gas market, which ranks third nationally in natural gas production. CEO Tom Lull emphasized that this acquisition aligns with their strategic growth strategy and should contribute significant revenue. The company now owns 53,320 mineral acres across major shale formations including the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma.
Orion Diversified Holding Co Inc. (OTC:OODH) ha acquisito una partecipazione operativa non controllata del 3,0% e una royalty dello 0,024% su 27 pozzi nella contea di Jackson, Louisiana. Attualmente, i pozzi producono 1.740 mcfpd nel giacimento di Haynesville Shale. Questa operazione rappresenta il primo ingresso di Orion nel mercato petrolifero e del gas della Louisiana, che 猫 il terzo a livello nazionale per produzione di gas naturale. Il CEO Tom Lull ha sottolineato che questa acquisizione 猫 in linea con la loro strategia di crescita e dovrebbe generare ricavi significativi. La societ脿 possiede ora 53.320 acri minerari distribuiti tra importanti formazioni di scisto come Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale e Scoop Stack in Oklahoma.
Orion Diversified Holding Co Inc. (OTC:OODH) ha adquirido un inter茅s operativo no controlado del 3,0% y un inter茅s de regal铆as del 0,024% en 27 pozos en el condado de Jackson, Luisiana. Actualmente, los pozos producen 1,740 mcfpd en el campo de Haynesville Shale. Esta es la primera incursi贸n de Orion en el mercado de petr贸leo y gas de Luisiana, que ocupa el tercer lugar a nivel nacional en producci贸n de gas natural. El CEO Tom Lull destac贸 que esta adquisici贸n est谩 alineada con su estrategia de crecimiento y deber铆a aportar ingresos significativos. La compa帽铆a ahora posee 53,320 acres minerales en formaciones de esquisto importantes como Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale y Scoop Stack en Oklahoma.
Orion Diversified Holding Co Inc. (OTC:OODH) a acquis une participation non exploitante de 3,0 % et un int茅r锚t de redevance de 0,024 % sur 27 puits dans le comt茅 de Jackson, en Louisiane. Ces puits produisent actuellement 1 740 mcfpd dans le champ de Haynesville Shale. Il s'agit de la premi猫re entr茅e d'Orion sur le march茅 p茅trolier et gazier de la Louisiane, qui se classe troisi猫me au niveau national pour la production de gaz naturel. Le PDG Tom Lull a soulign茅 que cette acquisition s'inscrit dans leur strat茅gie de croissance et devrait g茅n茅rer des revenus significatifs. La soci茅t茅 poss猫de d茅sormais 53 320 acres min茅raux r茅partis sur d'importantes formations de schiste telles que Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale et Scoop Stack en Oklahoma.
Orion Diversified Holding Co Inc. (OTC:OODH) hat einen nicht-operativen Arbeitsanteil von 3,0 % sowie eine Lizenzgeb眉hr von 0,024 % an 27 Bohrungen im Jackson County, Louisiana, erworben. Die Bohrungen f枚rdern derzeit 1.740 mcfpd im Haynesville Shale-Feld. Dies markiert Orions ersten Einstieg in den 脰l- und Gasmarkt von Louisiana, der landesweit an dritter Stelle bei der Erdgasproduktion steht. CEO Tom Lull betonte, dass diese Akquisition mit ihrer strategischen Wachstumsstrategie 眉bereinstimmt und erhebliche Einnahmen beitragen sollte. Das Unternehmen besitzt nun 53.320 Mineral-Acre auf wichtigen Schieferformationen, darunter Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale und Scoop Stack in Oklahoma.
Positive
First entry into Louisiana's Haynesville Shale field, expanding geographical diversification
Acquisition includes 27 producing wells with 1,740 mcfpd production
Strategic position in Louisiana, the third-ranked state for natural gas production
Growing demand for natural gas driven by AI data centers and LNG exports
Negative
None.
CARSON CITY, NV / / June 12, 2025 / (OTC PINK:OODH)("Orion"), a revenue generating diversified company, announced today that it has closed on a royalty and non-operated working interest in Louisiana.
LOUISIANA
3.0% non-op working interest & a .024% royalty interest in 27 wells producing 1,740 mcfpd located in Jackson County Louisiana.
TOM LULL COMMENTS
"This recent acquisition should add significant revenue and continues to expand our footprint in great producing oil and gas regions. This is our first entry into the Louisiana oil and gas Haynesville Shale field. Louisiana ranks third in the nation for natural gas production and this property fits into Orion's strategic growth strategy. " Commented Tom Lull, CEO of Orion. The demand for natural gas is increasing with AI data centers and LNG exports. Orion owns properties and mineral interest from the Bakken Shale of North Dakota to the Haynesville Shale of Louisiana. Orion now owns 53,320 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma. "
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a holding company with a primary strategy of investing in operated majority working interest, non-operated working interest, royalty, 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 53,320 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, Unit Corp, Hanna Oil, Cambrian Resources, Utah Gas Corp and many others. More information about Orion Diversified Holding Co Inc. can be found at .
CONTACT: Orion Diversified Holding Co Inc. Thomas Lull, President [email protected] Phone: 760-889-3435
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.
SOURCE: Orion Diversified Holding Co Inc.
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FAQ
What assets did Orion Diversified Holding (OODH) acquire in Louisiana?
Orion acquired a 3.0% non-operated working interest and a 0.024% royalty interest in 27 wells producing 1,740 mcfpd in Jackson County, Louisiana.
How many total mineral acres does Orion Diversified Holding now own?
Orion now owns 53,320 mineral acres across various shale formations including the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma.
What is the current production rate of OODH's newly acquired wells in Louisiana?
The 27 wells in Jackson County, Louisiana are producing 1,740 mcfpd (thousand cubic feet per day).
Why is the Louisiana acquisition strategic for OODH?
The acquisition is strategic because Louisiana ranks third in U.S. natural gas production, and there's growing demand for natural gas from AI data centers and LNG exports.
What regions does Orion Diversified Holding (OODH) now operate in?
Orion operates across major shale formations including the Bakken Shale of North Dakota, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale of Louisiana, and Scoop Stack of Oklahoma.
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