Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its wholly owned subsidiary, Olenox Energy Corp., is advancing an aggressive drilling program set to begin in the fourth quarter of 2025. The initiative targets a production goal of 1,000 barrels of oil equivalent per day by year-end 2026, expanding across both legacy and new well development within the company's oil and gas portfolio. Olenox has started initial reviews of several drilling sites on leases it currently holds in Texas, Kansas, and Oklahoma, and intends to complete at least one new drilling project before the end of 2025.
The company's vertically integrated operations are enhanced by AI-enabled wellsite monitoring, ensuring real-time data flow for production optimization. This technological edge is supported by a collaboration with OneQode, which provides secure data transmission to streamline operations. Recent partnerships and infrastructure upgrades align with broader U.S. energy independence goals and digital resilience, positioning Olenox to capitalize on domestic energy demand. The drilling agenda reflects a strategic push to strengthen production capacity amid volatile global energy markets.
Olenox's approach combines traditional drilling expertise with modern digital tools, aiming to maximize efficiency and reduce downtime. The company's focus on AI monitoring allows for predictive maintenance and faster response to operational issues, potentially lowering costs and increasing output. By targeting 1,000 BOE per day, Olenox seeks to scale its production significantly, contributing to the parent company's growth trajectory. The drilling sites under review span multiple states, diversifying geological risk and tapping into established oil and gas basins.
This announcement comes as part of Safe & Green Holdings' broader strategy to expand its energy footprint, leveraging Olenox's expertise in vertical integration. The company's newsroom provides further updates on SGBX developments at https://ibn.fm/SGBX. As Olenox moves forward with its drilling program, it aims to play a role in meeting U.S. energy demands while incorporating advanced technologies for operational excellence.
