CARSON CITY, NV / ACCESSWIRE / November 11, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a royalty interest in the Stack Shale of Kingfisher County Oklahoma. The property consists of a 0.64% royalty interest in 156 acres with an active drilling lease already permitted. Orion now has mineral ownership in 33,637 acres in all major US onshore oil and gas regions.
Orion Diversified Holding Co Inc., Friday, November 11, 2022, Press release picture
MANAGEMENT COMMENTS
"Last week we closed on a 0.13% to 0.38% non-operated working interest in 13 wells currently producing 27,000 mcfpm. The 13 wells are located in Lavaca County Texas and hold 3,000 acres by production. Several wells on the Lavaca County property are currently being reworked to increase production. " Commented Tom Lull, CEO of Orion. This week we have closed on a 156-acre royalty in the Stack Shale area of Kingfisher County Oklahoma. Several oil companies have reported Initial production from horizontals in Kingfisher County at 6,000 BOE per day from 10,000-foot laterals. The potential income from this Stack Shale royalty is truly exciting."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.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
SOURCE: Orion Diversified Holding Co Inc.
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