Olenox Industries (NASDAQ: OLOX) announced that its well revitalization efforts in the Wichita field are meeting production targets, with 10 wells successfully revitalized since December 2025. 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, according to CEO Michael McLaren. The company said it 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. Twenty-five additional wells are expected online by the end of the first quarter.
This operational update comes as the company, formerly known as Safe & Green Holdings Corp., focuses on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. The progress in the Wichita field represents a significant step for Olenox as it executes its strategy in the energy sector. The company's ability to meet near-term production targets while planning for expansion through both operational improvements and potential acquisitions demonstrates its focus on growth and operational efficiency in competitive energy markets.
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