ACCESS Newswire
21 Sep 2022, 19:26 GMT+10
CARSON CITY, NV / ACCESSWIRE / September 21, 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 Las Animas Gas fields of Colorado. The property consists of a 2.5% royalty in 200 acres. Orion now has mineral ownership in 29,361 acres in all major US onshore oil and gas regions.
MANAGEMENT COMMENTS
'Las Animas County Colorado is ranked in the top 5 counties in Colorado for natural gas production. The orange dots on the map identify recent leases ready to be drilled. Oil and Gas companies typically only have three years to drill on these leases before the primary term expires. This means a very significant amount of capital has already been deployed at these locations before the drilling begins,' commented Tom Lull, CEO of Orion. 'This is the 2nd acquisition we have made in Colorado in the past 4 months, and Orion is the operator owner on 1,127 acres in San Miguel County Colorado. When you add in our Eagle Ford Texas 1800 acre 3 well property, we have 2,927 acres ready for drilling.'
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
[email protected]
Phone: 760-889-3435
SOURCE: Orion Diversified Holding Co Inc.
Get a daily dose of Dallas Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dallas Sun.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...