Olenox Industries Inc. Begins Recommissioning of Pipeline
Rhea-AI Summary
Olenox Industries (NASDAQ: OLOX) announced on Jan 27, 2026 that it has begun recommissioning its 162 miles of pipeline as a wet gas system producing both NGLs and dry gas. The company says a new pipeline survey is underway and is expected to conclude mid-February 2026, after which Olenox will apply to reinstate the license and begin bringing the system back online. Olenox plans to sell dry gas into the market and use surplus dry gas to power its containerized generator sets to supply base and peak power to the grid. The company projects the restarted pipeline will generate significant annual revenue and intends to grow returns via power generation and NGL sales.
About Olenox: a diversified energy and engineered-solutions company operating through subsidiaries including Giant Containers.
Positive
- Recommissioning of a 162-mile pipeline to produce NGLs and dry gas
- Plans to monetize surplus dry gas by powering containerized generators for grid sales
- Survey in progress with expected completion by mid-February 2026
Negative
- Recommissioning depends on successful license reinstatement before restart
- Projected revenue is forward-looking with no quantified financials provided
- Outcome subject to risks including compliance with NASDAQ listing requirements
News Market Reaction
On the day this news was published, OLOX gained 10.94%, reflecting a significant positive market reaction. Argus tracked a peak move of +11.9% during that session. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $914K to the company's valuation, bringing the market cap to $9M at that time.
Data tracked by StockTitan Argus on the day of publication.
CONROE, Texas, Jan. 27, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox Industries” or the “Company”) is pleased to announce it has commenced the process of recommissioning its 162 miles of pipe as a wet gas pipeline. The recommissioned pipeline will be both a producer of NGLs (Natural Gas Liquids) and dry gas. NGLs are high-value products commonly used in blending lower grade crude through the midstream markets. The dry gas will be sold into the open market and open contracts.
Olenox also intends to utilize the surplus dry gas as feedstock for its containerized generator sets to produce base and peak power into the grid.
The first step of the recommissioning process is to generate a new survey, which is currently under way and expected to conclude mid-February. Once the survey is complete, Olenox can apply to reinstate the license and begin the process of bringing the system back online.
Once back online, it is projected to generate significant revenue per year with the current sales pipeline. Olenox intends to increase this over time with power generation and the sales of NGLs.
About Olenox Industries Inc.
Olenox Industries is a multifaceted energy company focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers high-quality containerized systems designed for rapid deployment and long-term performance.
Safe Harbor Statement
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully complete the recommissioning and license reinstatement of its 162 miles of pipe as a wet gas pipeline as planned, the Company’s ability to position itself for future profitability, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors:
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
https://www.investorbrandnetwork.com/clients/
FAQ
What did Olenox (OLOX) announce on Jan 27, 2026 about its pipeline?
When will Olenox complete the new pipeline survey for OLOX recommissioning?
How does Olenox plan to use the dry gas from the recommissioned pipeline (OLOX)?
Does Olenox (OLOX) have regulatory steps before restarting the pipeline?
Will the recommissioned pipeline generate immediate revenue for OLOX?
