Orion Energy Acquires Royalty, Non-Op Interests in Texas, Mississippi
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Orion Diversified Holding Co. has closed on a royalty and non-operated working interest in Texas & Mississippi.
“This is our first entry into the Mississippi oil and gas fields. This property was drilled in 1977 and hit peak production of 10,000 bopd in 2011. The Mississippi property has produced 60,156,572 barrels and 5.9 bcf of gas since 1977. The Texas acquisition is in Matagorda County and there are active leases surrounding this 640 acre royalty acquisition,” said Tom Lull, CEO of Orion.
“On September 9, 2025 the U.S. government is leasing 7,895 acres in Rio Blanco County Colorado, and Orion has 5,372 gross acres and 668 net mineral acres adjacent to these federal land tracts. Orion also has 9,280 acres or 14.5 square miles of royalties in the southeast corner of Pecos County Texas near the Terrell County Texas border. XTO drilled five vertical wells in 1963 on this Pecos county acreage to a depth of 23,000 feet and one well produced in excess of 60 bcf of natural gas. All five wells were plugged in 2021 and Orion purchased this 9,280 acre tract of land in Pecos County Texas in 2022,” added Lull.
“Orion has been notified that several oil companies have taken active leases in this area of Pecos County Texas for horizontal development. Orion now owns 53,960 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, Haynesville Shale, and Scoop Stack of Oklahoma,” concluded Lull.
The acquisition includes:
• Texas: 640 acres and 1.5 net mineral acres
• Mississippi: 0.60 percent non operated working interest in 39 wells producing 2,350 bopd or 14.10 net bopd to
Orion
Orion Diversified Holding Co. is a holding company with a primary strategy of creating innovative construction products and investing in operated majority working interest, non-operated working interest, and mineral interests in producing oil and gas properties, with a core area of focus in the premier basins within the United States. Orion receives monthly income from 53,000 mineral acres and receives income from Chevron, Conoco Phillips, Apache, Occidental Petroleum, EOG Resources, Mewbourne Oil, Merit Energy, Hilcorp Oil, Kraken Oil, DCP, Raybaw Operating, Hanna Oil, Unit Corp, Utah Gas, and many others.
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