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Azure Holding Group and Vision Oil and Gas Doubles Total Well Count to 1,044 Oil Wells in the Permian Basin, with Acquisition of 509 Oil Wells and 10,500 Net Mineral Acres
Azure Holding Group and Vision Oil and Gas Doubles Total Well Count to 1,044 Oil Wells in the Permian Basin, with Acquisition of 509 Oil Wells and 10,500 Net Mineral Acres.
About this update from Azure Holding Group Corp
[{"type":"text","content":"\r\n\r\n \r\n \r\n Azure Holding Group and Vision Oil and Gas Doubles Total Well Count to 1,044 Oil Wells in the Permian Basin, with Acquisition of 509 Oil Wells and 10,500 Net Mineral Acres\r\n \r\n \r\n\r\n\r\nAzure Holding Group and Vision Oil and Gas Doubles Total Well Count to 1,044 Oil Wells in the Permian Basin, with Acquisition of 509 Oil Wells and 10,500 Net Mineral Acres\r\n\r\n\r\n\r\n\r\n\r\nAZURE HOLDING GROUP AND VISION OIL AND GAS DOUBLES TOTAL WELL COUNT TO 1,044 OIL WELLS IN THE PERMIAN BASIN, WITH ACQUISITION OF 509 OIL WELLS AND 12,500 NET MINERAL ACRES ACROSS MIDLAND, ECTOR, CRANE, LOVING, WARD, WINKLER, REEVES AND UPTON COUNTIES IN WEST TEXAS FOR $12.0 MILLION IN ALL STOCK TRANSACTION MIDLAND, TEXAS / ACCESS Newswire / November 18, 2025 / Azure Holding Group and Vision Oil And Gas (OTCID:$AZRH) announced this morning that the group has acquired another 509 Oil wells across 12,500 acres in the Permian Basin across Ector, Crane, and Pecos Counties in West Texas for $8.0 Million in an all stock transaction.\r\n The company believes this will add at least 100 Barrels of Oil per Day of production in the next 30 days, and over 800 Barrels of Oil per Day by the end of 2026 in addition to the company's existing assets in Cochran, Ector, Crane and Pecos Counties. The company has already started it's Return to Production activities.\r\n The company will immediately focus on all the assets by performing well cleanouts, while planning it's boarder fracking and reengineering program.\r\n The Company believes that this acquisition will add at least 7.5 Million Barrels to it's ultimate reserve basis, and is working with it's 3rd party engineering team now to assess reservoirs.\r\n \"They don't call me ‘Double Down' for no reason,\" said Josh Cohen, the group's CEO. \"We saw an opportunity, and have been blessed by the Grace of God in our pursuit to become one of the fastest growing independent operators in the Permian Basin. This is a fundamental transaction, as it increases our presence significantly within the most prolific Oil Basin in America, if not the World. What I'm most excited about, is the ability to partner with the people that sold us these assets. Our team continues to grow better and better each and everyday, and we are better together when we align to build something as special is VISION.\"\r\n Rodol...