Key Highlights

  • Azure announced purchases of 320 Anadarko gas wells and 114 Permian oil wells.
  • The package brought the company's tally to 14 acquisitions since June 2025.
  • Azure projects $14.2 million of oil and gas sales for the rest of 2026.
  • It reaffirmed a target of 1,000 barrels of oil a day by October 31, 2026.

Azure Holding Group Corp (OTC:AZRH) is trying to turn a string of acquisitions of idle and low-output oil and gas wells into a much larger production base, and says it wants a New York Stock Exchange listing at the end of that road.

The latest step came on March 17, 2026, when the company announced, through its Vision Oil and Gas subsidiary, the purchase of 320 gas wells in the Anadarko Basin in Texas and 114 oil wells across five Permian Basin counties, plus two further bonded operator licenses. The company said the package brought its tally to 14 acquisitions since June 2025. Prices and financing were not disclosed.

Business and what the numbers say

Azure describes itself as an acquisition-focused company in oilfield services and construction, oil and gas exploration and production, and distribution. It completed a Merger with Vision Oil and Gas in June 2025, when it reported 404 wells across about 26,000 acres, of which 102 were producing, 241 were shut in and 42 were injection wells. A February 2025 release placed the shares on the over-the-counter market.

The new Anadarko wells are described as the company's first substantial play outside the Permian. According to the company, more than 90% were shut in by their previous operators, and it expects stabilized output of 10,000 to 15,000 thousand cubic feet of gas equivalent a day once the field is reactivated. The Permian wells currently produce 35 barrels of oil a day, which management expects to rebuild to 150 to 200 barrels a day after well intervention and cleanouts.

The company also said a second phase of production optimization, a frac program, would begin in Winkler County. It projects $14.2 million of oil and gas sales for the rest of 2026, excluding oilfield services revenue, using forward oil prices on the release date. It also reaffirmed a target of 1,000 barrels of oil a day by October 31, 2026. By comparison, the company put output at 120 to 135 barrels a day in September 2025, and reported sales of $1.42 million for December 2024 to February 2025.

Several deals have been paid for in stock. An October 2025 purchase of 144 Permian wells was valued by the company at $8.0 million in shares, and a December 2025 purchase of the LDF Energy Assets at $4.0 million in shares. In September 2025 the company also canceled 15.6 million restricted shares tied to a discontinued well-testing business, reducing the count from 55.525 million to 39.925 million, according to its release.

Why it matters and the risks

The significance is scale and credibility. The strategy leans on forecasts rather than reported results, and the release ties lower expected prices to the United States-Iran conflict's effect on crude.

Issuing shares to fund acquisitions can dilute holders, and shut-in wells may need more Capital and time than planned to restart. The company has set more than one date for its planned exchange uplist, citing October 31, 2026 in one release and December 31, 2026 in another. Management has not given audited figures for the acquired wells.

Production Targets, Frac Program and the Uplist Deadline

Because the shares trade over the counter, disclosure is lighter than on an exchange. Checkpoints include the next periodic report for production and revenue; disclosure of Acquisition prices and financing; progress toward the 1,000 barrels a day target by October 31, 2026; the planned frac program in Winkler County, slated to start in late May or early June 2026; and any formal NYSE application confirmed by the exchange.