SGBX Subsidiary Olenox Energy Announces an Aggressive Drilling Agenda Slated to Begin Q4 2025 and Expand Throughout 2026
Olenox (subsidiary of Safe & Green Holdings, NASDAQ: SGBX) has begun initial reviews of drilling sites on leases within its oil and gas portfolio and announced an aggressive drilling program.
The company plans to complete one drilling project in Q4 2025 and roll out an expanded drilling agenda across 2026, aiming to reach an internal production target of 1,000 BOE per day by the end of 2026. Olenox said it will pursue legacy wellsite revitalization, drilling and acquisitions to meet or exceed that goal while expanding its U.S. energy footprint and refocusing manufacturing on container builds.
Olenox (sussidiaria di Safe & Green Holdings, NASDAQ: SGBX) ha iniziato le revisioni iniziali dei siti di perforazione sui contratti all'interno del suo portafoglio petrolio e gas e ha annunciato un programma di perforazione aggressivo.
La società prevede di completare un progetto di perforazione nel IV trimestre 2025 e di estendere l'agenda di perforazione nel corso del 2026, puntando a raggiungere un obiettivo di produzione interna di 1.000 BOE al giorno entro la fine del 2026. Olenox ha dichiarato che perseguirà la rivitalizzazione di vecchi siti di trivellazione, perforazione e acquisizioni per raggiungere o superare tale obiettivo, espandendo la propria impronta energetica negli Stati Uniti e riallineando la produzione verso la costruzione di contenitori.
Olenox (filial de Safe & Green Holdings, NASDAQ: SGBX) ha iniciado revisiones iniciales de los sitios de perforación en arrendamientos dentro de su cartera de petróleo y gas y anunció un programa de perforación agresivo.
La empresa planea completar un proyecto de perforación en el Q4 2025 y desplegar una agenda de perforación ampliada a lo largo de 2026, con el objetivo de alcanzar una meta de producción interna de 1.000 BOE por día para finales de 2026. Olenox dijo que buscará la revitalización de sitios de pozos heredados, perforación y adquisiciones para cumplir o superar ese objetivo mientras expande su huella energética en EE. UU. y reorienta la fabricación hacia construcciones de contenedores.
Olenox( Safe & Green Holdings의 자회사, NASDAQ: SGBX)은 자사 석유 및 가스 포트폴리오 내 임대차에 대한 시추지 점검을 시작했고 공격적인 시추 프로그램을 발표했다.
회사는 2025년 4분기에 시추 프로젝트 1건 마무리하고 2026년 전반에 걸쳐 확장된 시추 의제를 시행하여 연간 생산 목표를 2026년 말까지 하루 1,000 BOE까지 달성하려 한다.
Olenox은 기존 우물 현장 재생, 시추 및 인수를 추진하여 그 목표를 달성하거나 초과하고 미국 내 에너지 footprint를 확장하고 컨테이너 제조에 다시 집중할 것이라고 밝혔다.
Olenox (filiale de Safe & Green Holdings, NASDAQ : SGBX) a commencé des examens préliminaires des sites de forage sur les baux de son portefeuille pétrolier et gazier et a annoncé un programme de forage agressif.
La société prévoit de réaliser un projet de forage au cours du T4 2025 et de déployer un programme de forage élargi sur 2026, visant un objectif de production interne de 1 000 BOE par jour d'ici la fin 2026.
Olenox a déclaré qu'il poursuivrait la revitalisation des anciens sites, le forage et les acquisitions pour atteindre ou dépasser cet objectif tout en étendant son empreinte énergétique aux États-Unis et en recentrant la fabrication sur la construction de conteneurs.
Olenox (Tochter von Safe & Green Holdings, NASDAQ: SGBX) hat erste Überprüfungen von Bohrstellen auf Pachtflächen in seinem Öl- und Gasportfolio eingeleitet und ein aggressives Bohrprogramm angekündigt.
Das Unternehmen plant, ein Bohrprojekt im Q4 2025 abzuschließen und eine erweiterte Bohragenda über 2026 hinweg einzuführen, mit dem Ziel, bis Ende 2026 eine interne Produktion von 1.000 BOE pro Tag zu erreichen.
Olenox sagte, es werde die Revitalisierung von Legacy-Wellsites, Bohrungen und Akquisitionen vorantreiben, um dieses Ziel zu erreichen oder zu übertreffen, während es seine US-Energie-Präsenz ausbaut und die Fertigung auf Containerbausätze neu ausrichtet.
أولينوك (شركة تابعة لـ Safe & Green Holdings، NASDAQ: SGBX) بدأت مراجعات أولية لمواقع الحفر على الإيجارات ضمن محفظتها من النفط والغاز وعلنت عن برنامج حفر عدواني.
تخطط الشركة لإكمال مشروع حفر واحد في الربع الرابع من 2025 وتطرح جدول حفر موسع على مدار 2026، بهدف الوصول إلى هدف إنتاج داخلي قدره 1,000 برميل مكافئ نفطي في اليوم بحلول نهاية 2026. وقالت أولينُكس إنها ستسعى لإحياء مواقع الآبار القديمة، والحفر والاندماجات بهدف الوصول إلى هذا الهدف أو تجاوزه مع توسيع تواجدها في الطاقة الأمريكية وإعادة التركيز في التصنيع على بناء الحاويات.
Olenox（Safe & Green Holdings 的子公司，纳斯达克股票代码：SGBX） 已开始对其油气投资组合中的租赁地块进行初步钻探现场评审，并宣布了一项积极的钻探计划。
该公司计划在2025年第四季度完成一个钻探项目并在2026年推进扩展的钻探议程，目标在2026年底实现内部生产目标为每日1000 BOE。Olenox表示，将通过现有井场的再生、钻探和并购来达到或超过该目标，同时扩大其在美国的能源足迹，并将制造重点转向集装箱制造。
- 1 drilling project planned for completion in Q4 2025
- Internal target of 1,000 BOE/day by end of 2026
- None.
CONROE, Texas, Oct. 20, 2025 (GLOBE NEWSWIRE) -- via IBN – Olenox Corp, a vertically integrated energy company and wholly owned subsidiary of Safe & Green Holdings Corp. (NASDAQ: SGBX), is pleased to announce Olenox has begun the initial review of several drilling sites on current leases held within its oil and gas portfolio.
As the energy development arm of SGBX, Olenox intends to implement an aggressive drilling program with plans to target completion of one drilling project during the fourth quarter of 2025, followed by an ambitious drilling agenda outlined for 2026 and beyond.
“While we are still bringing on legacy production on our leases, the company is committed to generate new production through an aggressive drilling program to meet our internal goal of 1,000 BOE a day by the end of 2026,” said Michael McLaren, CEO of Olenox Corp. “Through legacy wellsite revitalization, drilling and acquisitions, the company will push to meet or exceed these targets by year-end 2026”
Olenox continues to expand its U.S. energy footprint through strategic acquisitions and field revitalization.
“With oil production picking up and the refocusing of our manufacturing on container builds, we look forward to a stellar 2026 for SGBX and its subsidiaries,” McLaren said.
About Olenox Corp
Olenox Corp is a vertically integrated energy company operating across three synergistic divisions—Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox’s integrated model drives efficiency, increases production, and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
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 and include statements regarding the plans of the Company and Olenox to review several drilling sites on current leases held within its oil and gas portfolio and to implement an aggressive drilling program to meet its internal goal of 1,000 BOE a day by the end of 2026. 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 review several drilling sites on current leases held within Olenox’s oil and gas portfolio, the Company’s ability to successfully implement an aggressive drilling program, the Company’s ability to meet its internal goal of 1,000 BOE a day by the end of 2026, the effect of government regulation, 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.
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FAQ
What drilling milestone did Olenox announce for Q4 2025 (SGBX)?
What production target did Olenox set for 2026 (SGBX)?
How will Olenox pursue the 1,000 BOE/day goal for SGBX?
Does the Olenox announcement state where drilling will take place for SGBX?
Did Olenox disclose funding or capital plans for the 2026 drilling agenda (SGBX)?
