$OODH Orion Announces Oklahoma SCOOP Stack Royalty
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Posted On: 05/30/2025 11:04:23 AM
$OODH Orion Announces Oklahoma SCOOP Stack Royalty Growth
https://www.accessnewswire.com/newsroom/en/me...th-1033630
CARSON CITY, NV / ACCESS Newswire / May 30, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)("Orion"
, a revenue generating diversified company, announced today that it has closed on a royalty acquisition in the Scoop Stack of Carter County Oklahoma .
OKLAHOMA SCOOP STACK
An increase from 0.3125% to 0.625% royalty on 160 acres in Grady County Oklahoma.
0.208% royalty on 160 acres in Carter County Oklahoma.
TOM LULL COMMENTS
"We have increased our royalty from 0.3125% to 0.625% on our Grady County Oklahoma acreage. Continental Resources has already drilled the 2 ½ mile Bess Fiu well on this acreage and we had the option to increase our royalty. We anticipate revenue from the 2 ½ mile horizontal well recently drilled in Grady County Oklahoma will pay in late June 2025. We also anticipate that Continental will drill several more wells on this 3,840 acre pooled unit in Grady County Oklahoma. Orion has more than 1,160 royalty acres in the Scoop Stack area surrounding Oklahoma City." Commented Tom Lull, CEO of Orion. Orion has received recent title recordings on 5 wells from the 116 well Colorado acquisition that closed this December 2024. Orion has over-ride royalties in 70 of the 116 Colorado wells currently producing 1571 mcfpd and 5 bopd. Orion now owns 53,320 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, and Scoop Stack of Oklahoma. "
https://www.accessnewswire.com/newsroom/en/me...th-1033630
CARSON CITY, NV / ACCESS Newswire / May 30, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)("Orion"
, a revenue generating diversified company, announced today that it has closed on a royalty acquisition in the Scoop Stack of Carter County Oklahoma . OKLAHOMA SCOOP STACK
An increase from 0.3125% to 0.625% royalty on 160 acres in Grady County Oklahoma.
0.208% royalty on 160 acres in Carter County Oklahoma.
TOM LULL COMMENTS
"We have increased our royalty from 0.3125% to 0.625% on our Grady County Oklahoma acreage. Continental Resources has already drilled the 2 ½ mile Bess Fiu well on this acreage and we had the option to increase our royalty. We anticipate revenue from the 2 ½ mile horizontal well recently drilled in Grady County Oklahoma will pay in late June 2025. We also anticipate that Continental will drill several more wells on this 3,840 acre pooled unit in Grady County Oklahoma. Orion has more than 1,160 royalty acres in the Scoop Stack area surrounding Oklahoma City." Commented Tom Lull, CEO of Orion. Orion has received recent title recordings on 5 wells from the 116 well Colorado acquisition that closed this December 2024. Orion has over-ride royalties in 70 of the 116 Colorado wells currently producing 1571 mcfpd and 5 bopd. Orion now owns 53,320 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, and Scoop Stack of Oklahoma. "
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