Olenox Industries (NASDAQ: OLOX), a multifaceted energy company, has announced that its well revitalization efforts in the Wichita field are meeting production targets. Since December 2025, the company has successfully revitalized 10 wells and expects an additional 25 wells to come online by the end of the first quarter. According to CEO Michael McLaren, the company deployed a dedicated rig in December and reports stabilized production, with its original target of 70 barrels per day within reach and anticipated to be met or exceeded by month's end.
The company plans to bring additional wells into production weekly, continue workover and drilling activities, and evaluate more than 6,000 acres for potential acquisitions to further expand output. This progress marks a significant step for Olenox as it transitions from its previous identity as Safe & Green Holdings Corp. and focuses on industrial, energy, and infrastructure markets through its subsidiaries, including Giant Containers.
The announcement underscores the company's ability to execute its operational strategy and generate near-term production growth. For investors, this milestone may signal increased revenue potential and operational stability. The company's efforts to evaluate additional acreage for acquisitions suggest a proactive approach to scaling its asset base.
To view the full press release, visit https://ibn.fm/Fihr3. For the latest news and updates relating to OLOX, visit the company's newsroom at https://ibn.fm/OLOX.
