VISION OIL AND GAS Expands with the Acquisition of 320 Wells in the Anadarko Basin and 114 Wells Across Regan, Reeves, Ward, Mitchell and Cochran Counties
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 penetration 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.
This expansion included 6 additional acquisitions for Vision Oil And Gas, marking 14 acquisitions total since June 2025.
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.
For further information, please reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of its capital program to enable organic growth.
Forward-Looking Statements Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
SOURCE: Azure Holding Group Corp.
NOTE - THE LDF ENERGY ACQUISITION HAS BEEN CANCELLED AS OF JANUARY 30, 2026 DUE TO MISALIGNMENT ON TIMING OF WORKOVER SCHEDULE
$AZRH Azure Holding Group Completes Acquisition Between Vision Oil and Gas and LDF Energy, Bringing Total Producing and Shut-In Well Count to 1,062 Oil Wells or 0.87% of the Total Well Count in the Tier 1, Tier 2 & Tier 3 West Texas Permian Basin
MIDLAND, TEXAS / ACCESS Newswire / December 10, 2025 / Today, Vision Oil And Gas, one of the fastest growing Oil & Gas producers in the Permian Basin, announced it's acquisition of LDF ENERGY, bringing into the company another 135 active wellbores in Winkler County, a fully rebuilt workover rig, over 50 Barrels of Oil Equivalent Per Day, and a Powerhouse Foreman form Kermit - Dwayne Forga in an all stock transaction valued at $4.0M.
This transaction marks the 10th Operator buyout in the Permian Basin for Azure Holding Group this year, and since June 5, 2025 when the company announced it's merger with Vision Oil And Gas.
The company's largest concentration of oil and gas well lie in Cochran County, with 128 actively producing wellbores, and 200 shut-in candidates, Winkler County, with 178 actively producing wells, and 78 shut-in candidates, Crane County with 97 active producers and 34 shut-in candidates, Ward County with 45 active producers and 50 shut-in candidates, Pecos County with 25 active producers and 50 shut-in candidates, Ector County with 6 active producers and 24 shut-in candidates, and Midland County with 12 active producers. (NOTE - that the company has only completed 50 workovers in the past 5 months since it's return to production activities commenced after the merger with Vision Oil And Gas).
This transaction now brings the company's total Producing and Shut-in well count total up to 1,062 oil wells, or 0.87% of the total well count in the TIER 1, TIER 2 & TIER 3 WEST TEXAS PERMIAN BASIN.
Additionally, with the addition of this second workover rig, the company will be able to make real progress towards it's goal of internalizing high cost, mission critical services like workover ringwork, construction, and roustabout work.
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 October 31, 2026.
"We did it. We assembled the best pureplay later life Permian Basin Operator. Now it is time to show the world what kind of ROCK we just acquired, and what our team is truly capable of. When I purchased Cochran together with my Son RJ, the day before we closed, he and I both had Vision. It is incredible to see our Vision, turn into our whole organization's reality," said Rodolfo Tijerina.
"I'm after 3 things. Number 1 - to build the greatest team to hit the Permian Basin since Diamondback, or Endeavor, Sabinal or Crownrock were getting started. Number 2 - to create incredible shareholder value for our stakeholders. Number 3 - to lower the cost of energy for Americans, nationwide. Together with God, there is nothing that can hold this back from this team accomplishing what we set out to do," said Joshua A. Cohen.
For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of its capital program to enable organic growth.
SOURCE: Azure Holding Group Corp.
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 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.
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.
The company will immediately focus on all the assets by performing well cleanouts, while planning it's boarder fracking and reengineering program.
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.
"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."
Rodolfo Tijerina, the group's Chairman, and Chief Geologist added, "I have traveled and explored the entire world looking for Oil and Gas, most notably with Conoco Phillips, and I have never been more excited about the potential of the Rock that we have under our ownership and operatorship. We have multiple Billions of Dollars in Oil and Gas reserve value. 2025 has served as our opportunity to grow our footprint. 2026 and beyond will serve as our opportunity to Drill and Exploit the Rock that we have, for the betterment of our Country, serving the energy needs of Americans everywhere."
Clay Parish, the groups Chief Engineer added, "We're just getting started. Having been a part of multiple exits throughout my career, most recently being the exit of Grayson Mills to Devon Energy, what I find most exciting is the opportunity to really dig in and find a lot of quick wins and enhancements to the engineering of all of our assets. By applying secondary and tertiary recovery efforts, there is no telling what the true possibility of our reserves are, and I feel confident that we are being very conservative in our initial estimates."
Josh Watson, the groups Chief Production Officer said, "When Cohen and I first started down this path through the acquisition of 88 old oil wells in Big Spring, I knew we were going to do big things. I just didn't realize how fast it would all happen, but then again, this is the Oil Field in West Texas. We went from nothing to where we are today in less than 6 months, and I am excited for what we are about to do next, and the people that we are doing it with. Our team is what sets us apart. We've got a world class team."
For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of its capital program to enable organic growth.
SOURCE: Azure Holding Group Corp.
Azure Holding Group and Vision Oil and Gas Acquire 144 Oil Wells 4,083 Acres in the Permian Basin
AZURE HOLDING GROUP AND VISION OIL AND GAS ACQUIRE 144 OIL WELLS ACROSS 4,083 ACRES IN THE PERMIAN BASIN ACROSS ECTOR, CRANE, AND PECOS COUNTIES IN WEST TEXAS FOR $8.0 MILLION IN ALL STOCK TRANSACTION
MIDLAND, TX / ACCESS Newswire / October 23, 2025 / Azure Holding Group and Vision Oil And Gas (OTCID:$AZRH) announced this afternoon that the group has acquired 144 Oil wells across 4,083 acres in the Permian Basin across Ector, Crane, and Pecos Counties in West Texas for $8.0 Million in an all stock transaction.
The company believes this will add at least 100 Barrels of Oil per Day in the next 60 days, and over 1,000 Barrels of Oil per Day by the end of 2026 in addition to the company's existing assets in Cochran County. The company has already started it's Return to Production activities.
The company will immediately focus on the Ector County and Crane County assets, while planning it's boarder drilling program which will include 10 new wells into the Queen Sands formation in Ector County, and continuing it's evaluation of fracking the Grayburg Formation in Crane County on the Dune Field.
The Company will also focus on deepening 3 of it's Pecos County wells to 5,000 feet, as it develops it's plans to deepen an additional 94 wells to the same depth during 2026. Through the company's preliminary assessment, it was discovered and supported by very strong offsets within hundreds of feet of the company's existing wells, that the Pecos County Leases standalone could have over 8.0 Million Barrels in recoverable shallow Oil. The company is finalizing it's engineering and reserve evaluations on Ector and Crane County, with each looking equally promising.
For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of it's capital program to enable organic growth.
SOURCE: Azure Holding Group Corp.
AZURE HOLDING GROUP and VISION Oil And Gas Preliminary Geological and Engineering Estimates of Potentially $2.0 Billion in Oil Reserves in the Company's Devonian Deep Rights
AZURE HOLDING GROUP and Vision Oil And Gas has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially $2.0 Billion in recoverable Oil Reserves
LUBBOCK, TEXAS / ACCESS Newswire / September 15, 2025 / Azure Holding Group and Vision Oil And Gas (OTCID:$AZRH) announced this morning that it has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially $2.0 Billion in recoverable Oil Reserves in the Devonian (Woodford Shale).
The Group anticipates that the average AFE on a per well basis will range between $500,000 to $1.2 Million, as the group intends to drill at least 200 of the company's 373 existing well bores, across 500 total well locations, to penetrate it's Deep Mineral Rights on an economical basis and in addition to it's current secondary and tertiary enhanced oil recovery efforts that are currently underway in the San Andreas formation, where the company's wellbores are currently drilled to. The group is currently preparing it's multi-year plan, and intends to kickoff its first Devonian oil well in the 2nd quarter of 2026.
"When we initially purchased the Cochran County assets, we had a VISION. That VISION was backed by 30 years of experience as a Geologist in Texas, and I am very excited about the road we have ahead of us," said Azure Holding Group and Vision Oil And Gas Chairman, Rodolfo Tijerina.
"West Texas has the best Rock in America. As a Nation, we have barely scratched the surface. We are in the preliminary stages now of designing what we believe will be the most prolific Oil Exploration Effort in Cochran County history. Studying the Wildcatters within the county over the course of time led us to these conclusions, and fortunately for us, we can point to 8 offsetting wells that are within a 2,000 to 8,000 Feet of our current acreage position. As we embark on developing these fields to their maximum production potential, we wouldn't be able to do this without local legends and service providers like Cody Jackson, Brendan Jackson, Sam Spruiell, Chris Dawson, Will Reed, and Cory Jones just to name a few," said Azure Holding Group and Vision Oil And Gas Chief Executive Officer, Josh Cohen
For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of it's capital program to enable organic growth.
SOURCE: Azure Holding Group Corp.
Azure Holding Group Corp ($AZRH) Completes Merger with Vision Oil and Gas, Adding 404 Oil & Gas Wells and 26,000 Acres
Vision Oil And Gas is an Oil & Gas Operator, with over 18,000 acres in the Permian Basin, 6,000 acres in South Texas and over 416 active or shut-in oil & gas wells.
MIDLAND, TX / ACCESS Newswire / June 11, 2025 / Azure Holding Group Corp (OTC PINK:AZRH) announced the completion of it's merger with Vision Oil And Gas, which is now viewable under the disclosures section of the company's profile on OTCMarkets.com.
As a result of the Merger, Azure Holding Group will be renamed Vision Oil And Gas. The merger brings with it 102 actively producing oil & gas wells, 241 shut-in wells (of which at least 120 have been identified as a workover candidate), and 42 injection wells spread primarily across 18,300 Acres on Tier 3 acreage in Cochran County in the Permian Basin. The merger also brings an additional 31 wells in South Texas located across 6,000 acres in Nueces, Duval, Bee, Webb, Starr and Zapata Counties in South Texas.
As a result of the Merger, Rodolfo Tijerina, a renowned geologist and managing member of Vision Oil & Gas, will be appointed as Executive Chairman of the Board of Directors, and will share control of the Vision Oil And Gas with Josh Cohen and Josh Watson.
Vision Oil And Gas will begin it's workover remediation plan to optimize the production across the existing Actively Producing wells in July 2025, and intends to bring over 120 targeted shut-in wells back online through it's first phase of remediation, set to occur between Q3 and Q4 2025.
The group believes that it will achieve between 200 to 250 barrels a day of production through it's first phase of remediation by December 2025, focusing on recovery efforts in the San Andreas formation where the wells are currently producing at depths varying between 5,000 and 5,000 feet. The company also intends to complete it's remediation efforts across it's South Texas assets by December 2025, adding between 50 to 80 BOED in production.
In Q1 2026, the group will begin it's evaluation re-entry into the Devonian through Vertical re-entry efforts across the existing wellbores. The Company's efforts are supported by a single direct offsetting well that is operated by an unrelated party, and that has produced over 275,000 cumulative barrels of oil at a depth of 12,600 feet, with a well location that is less than 3,000 feet away from over 7 of Vision Oil And Gas's existing San Andreas wells (the company's leases in Cochran County includes deep rights). If these test well re-entries prove successful, the company has identified over 200 existing and 200 new well locations to allow for vertical re-entry in the Devonian.
The company intends to self service it's own workovers, leveraging the expertise inhouse across it's team, and to ensure CAPEX and Lease Operating Expense efficiency, as well as execution against it's Capital Plans. The Company intends to partner with Service Companies that are well positioned to grow and scale with an emerging Independent Operator, and is open to entering into Master Service Agreements with the right counterparties.
The company intends to engage with a 3rd party engineer to obtain a Certified Reserve Report by December 2025, as a condition precedent to applying Reserve Accounting as dictated by the firms PCAOB Audit requirements to achieve uplist onto the OTCQX.
For further information, please reach out to Josh Cohen at (917) 584-7042 or by email at josh@controlleddev.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Azure's expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "commit," "advance," "likely" or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release unless an earlier date is specified. Unless legally required, Azure does not undertake any obligation to update, modify or withdraw any forward-looking statements as a result of new information, future events or otherwise.
SOURCE: Azure Holding Group Corp.