Olenox Industries Shares Positive Field Reports as Production Stabilizes
Wichita County, Texas, field expected to quickly meet or exceed BOE/day target
CONROE, Texas, March 04, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox” or the “Company”), a multifaceted energy company, today announces the Company’s well revitalization efforts are achieving success and hitting production targets. Going forward, the Company plans to bring additional wells into production on a weekly basis.
Since December 2025, the Company has successfully revitalized 10 wells, with 25 more expected to be online by the end of the first quarter. Olenox deployed a dedicated rig in its Wichita field in December 2025, and the Company is pleased with the results in the few months since deployment, according to Olenox CEO Michael McLaren.
“We are pleased with the progress of our workovers and revitalization in our Wichita field. Production has stabilized and our original target of 70 barrels a day is in clear sight,” McLaren said. “We hope to hit or exceed this target by month’s end.”
Since Q4 2025 and continuing into 2026, Olenox has been concentrating on revitalizing its wells with a focus on adding more production each week.
“As we continue our workover effort and drilling, we anticipate this field to outperform our previous expectations,” McLaren added.
Combined with the Company’s drilling program, Olenox will continue to revitalize its wells while looking at new acquisitions to add production. The Company is currently evaluating over 6,000 acres as potential acquisition targets, which hold vast potential for workovers and drilling prospects.
Olenox Industries Inc. (Nasdaq: OLOX), formerly known as Safe & Green Holdings Corp. (SGBX), is an industrial holding 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 modular and containerized systems designed for rapid deployment and long-term performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exchange Traded Funds Top 10 Volume Leaders
NET % VOL STOCK (Symbol) LAST CHG CHG 100s Direxion Semicon Br 3x SOXS 33.79 3.14 10.24 113,576,607 ProShares Bitcoin ETF BITO 10.93 -0.21 -1.89 112,012,221 Direxion Semicon Bl 3x SOXL 142.52 -16.39 -10.31 100,351,229 ProShares Sh Russell2001 RWM 14.43 0.01 0.07 77,482,048 GrShr 2x Sh NVDA Daily NVD 3.55 0.20 5.97 73,813,301 ProShares UltraPro QQQ TQQQ 80.23 -3.39 -4.05 65,485,124 ProSh UltraPro Shrt QQQ SQQQ 33.37 1.30 4.05 60,470,210 iShares Bitcoin Trust ETF IBIT 46.26 -0.95 -2.01 56,191,237 Direxion PLTR Bear 1X PLTD 4.50 -0.11 -2.39 52,552,250 SS Energy Sel SPDR XLE 65.24 1.88 2.97 50,492,628 (END) Dow Jones Newswires October 08, 2026 17:38 ET (21:38 GMT)
--Zoetis Keeps Quarterly Dividend at $0.53 a Share, Payable Dec. 1 to Holders of Record Oct. 30
04:46 PM EDT, 10/08/2026 (MT Newswires) -- Zoetis Keeps Quarterly Dividend at $0.53 a Share, Payable Dec. 1 to Holders of Record Oct. 30
Should You Buy Microsoft Stock (MSFT) in October? 3 Things Investors Need to Know
U.S. Fed weekly balance sheet
Oct 8 (Reuters) - For details of the Federal Reserve's balance sheet, see the following link: http://www.federalreserve.gov/releases/h41/Current/h41.pdf ((Washington newsroom))
Crypto prices
More
