Safe & Green Holdings Corp. announced that its wholly owned subsidiary Olenox Corp. has received its Department of Transportation number and is now mobilizing oil and gas service assets. The company is deploying specialized downhole tooling including ultrasonic cleaning tools and plasma pulse tools as part of this operational expansion. The strategic move is expected to significantly reduce internal maintenance costs for Safe & Green Holdings while supporting efforts to return wells to production.
More importantly, the DOT approval positions Olenox to actively pursue third-party contracts within the substantial and recurring U.S. oil-well services market, representing a significant growth opportunity for the company. Safe & Green Holdings anticipates that growth in these service revenues will serve as a key driver in the company's strategic plan to achieve cash-flow positivity by 2026. The company's latest developments and corporate updates are available through its dedicated newsroom at https://ibn.fm/SGBX.
This operational expansion comes at a time when efficient oilfield services are increasingly important for maintaining production levels while controlling costs across the energy sector. The ability to provide specialized downhole services positions Olenox to capitalize on the ongoing demand for maintenance and optimization services in existing oil and gas operations throughout the United States. The full details of this corporate development can be reviewed in the official press release available at https://ibn.fm/Dytt3.
This announcement represents a significant step in Safe & Green Holdings' broader strategy to diversify revenue streams and strengthen its position within the energy services sector while working toward its stated financial objectives. The company's entry into third-party oil-well services marks a pivotal moment in its operational capabilities and market positioning, potentially transforming its revenue structure and creating new pathways for sustainable growth in the competitive energy services landscape.
