Published since 1965, Laser Focus World provides comprehensive global coverage of optics, photonics, and optoelectronic technologies, applications, and markets. With 80,000+ qualified print subscribers and over a half-million annual visitors to our online content, we are the go-to source to access decision makers and stay in-the-know.

In addition to providing in-depth articles written by Laser Focus World editors, Laser Focus World accepts articles, news stories, and new product information for publication from qualified outside contributors. 

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Subscribe

A Laser Focus World newsletter subscription is free to qualified professionals. Subscribe here.

Get Published!

Laser Focus World welcomes original, bylined contributed articles for publishing, provided the material is non-commercial and runs first on our site. For consideration, contact Sally Cole Johnson ([email protected]). For more information, see our Editorial Guidelines

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics. Watch here.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community. Listen here.

Contact Us

Newsletter Archive

Magazine Archive

Meet the Laser Focus World Team

Editorial

Contact Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Orion Diversified Provides Acquisition Updates

CARSON CITY, NV / ACCESSWIRE / May 13, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on a royalty interest in the Eagle Ford Shale area of Houston County Texas. The property consists of 640 acres with a .15625 % royalty interest across all 640 acres. Oil production in this area has been prolific passing 12,000,000 barrels of oil produced since 1993.

Orion Diversified Holding Co Inc., Friday, May 13, 2022, Press release picture

OPERATIONAL UPDATES

The 320 Acre 6 well property acquired this March 2022 located in Ward County of the Permian Basin is currently producing 5 boepd and water is being injected into the disposal well. Management is evaluating the other wells on the newly acquired Permian Basin property to increase oil production. The 1680 Acre Eagle Ford Rhode Ranch property is currently averaging 5,000 MCFPM and 90 barrels of oil per month sold. Management has a petroleum engineer evaluating logs with computer software to perforate new zones on the Rhode Ranch property.

MANAGEMENT COMMENTS

"We have been analyzing several properties in the Permian Basin for operations, and we have recently visited several producing properties that can immediately generate revenue for Orion. The Rhode ranch recently was producing 90,000 mcfpm and perforating untapped wilcox zones is a high priority." commented Tom Lull, CEO of Orion. "My goal every week is to buy either a producing property with operations, or a non-operated working interest, or royalties. I have agreed to a price on a producing property in the Permian Basin with 3 wells currently making 6 boepd and 30 mcfpd. We now hold mineral interest in more than 4500 acres, and 2000 acres as the operator holding more than a 70% interest."

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

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.

SOURCE: Orion Diversified Holding Co Inc.



View source version on accesswire.com:
https://www.accesswire.com/701240/Orion-Diversified-Provides-Acquisition-Updates

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.