A Nevada-based holding company that recently acquired oil and gas operations in Oklahoma added to its list of holdings with an acquisition in the Permian Basin, an area that is projected to lead the U.S. in production in 2023.
The Carlsbad Current-Argus reported the latest acquisition was made by Orion Diversified Holding, a company that recently completed the acquisition of holdings in Oklahoma. In April, Orion acquired a non-operated working interest in the Anadarko Basin.
The property consist3ed of a 2.29% and a 2.76% non-operated working interest in 2 wells average 73 mcfpd in Caddo and Pittsburg Counties.
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