03/17/2026
$AZRH MIDLAND, TX / ACCESS Newswire / March 17, 2026 / Today, Vision Oil And Gas, one of the fastest growing Oil & Gas producers in the Permian Basin, announced it’s expansion into the Mid Continent and Anadarko Basin , with further pe*******on of the Permian Basin through the acquisition of 320 gas wells in the Anadarko Basin and 114 oil wells across Regan, Reeves, Ward, Mitchell and Cochran Counties, along with 2 additional bonded operator licenses.
The wells that have been acquired by the Company in the Mid Continent and Anadarko Basin are spread across Lipscomb, Roberts, Hansford and Ochiltree Counties.
This transaction marks the first substantial play for the Company outside of the Permian Basin. Over 90% of these wells were shut in by BP or Range Resources, and the group anticipates stabilized production of 10,000 to 15,000 MCFE a day once the entire field is reactivated.
The wells that have been acquired by the Company in the Permian Basin Counties are currently producing 35 BOPD, with anticipated return to production of 150 to 200 BOPD once all well intervention and well clean outs have been completed.
Additionally, the Company anticipates beginning it’s second phase of production optimization efforts on it’s existing wells through a Frac Program, which is slated to begin in late May to early June 2026, targeting it’s leases in Winkler County to start, and with an emphasis on leases currently drilled to the Grayburg Formation.
The Company reaffirms it’s production goal target of 1,000 barrels of oil per day by October 31, 2026, as well as it’s uplist to the New York Stock Exchange (and eventually a dual list on the Texas Stock Exchange once the liquidity has matured) by December 31, 2026.
Lastly, the Company has prepared a range of updated revenue guidance, as a result of the conflict between the U.S. and Iran, and with the impact that this has had on the price of WTI Crude, Vision Oil And Gas is now projecting $14.2 Million in Oil & Gas Sales for the remainder of 2026, excluding Oil Field Services revenues, and utilizing NYMEX Strip pricing as of the date of this press release.
