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 Pittsburgh Star 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 Pittsburgh Star.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
(Photo credit: Rick Scuteri-Imagn Images) The Kansas City Royals are nearing the point in the season where they need to make a sustained...
(Photo credit: Sergio Estrada-Imagn Images) The torrid Houston Astros completed a three-game road sweep of the reigning World Series...
(Photo credit: Rhona Wise-Imagn Images) The Cincinnati Reds return home one last time before the All-Star break and will take on...
(Photo credit: Matt Marton-Imagn Images) Matthew Boyd celebrated his All-Star Game selection by striking out nine batters in five...
(Photo credit: Eric Hartline-Imagn Images) Zack Wheeler threw a dazzling one-hitter with 12 strikeouts as the Philadelphia Phillies...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...