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, part of the company’s strategy to strengthen its energy production base, will expand across 2026 as Olenox ramps up both legacy and new well development within its oil and gas portfolio.
Olenox has started initial reviews of several drilling sites on leases it currently holds in Texas, Kansas, and Oklahoma. The company intends to complete at least one new drilling project before the end of 2025, with a production goal of 1,000 barrels of oil equivalent (“BOE”) per day by year-end 2026. The company continues to evaluate additional drilling sites across its existing leases to further expand production.
Olenox Energy is a vertically integrated energy company that leverages AI-enabled wellsite monitoring to optimize production efficiency. The company collaborates with OneQode to ensure secure, real-time data flow for production optimization, which is critical for maximizing output and reducing downtime. These technologies are expected to play a key role in achieving the company’s aggressive production targets.
Recent partnerships and infrastructure upgrades align with U.S. energy independence goals and digital resilience. The company’s strategy focuses on strengthening domestic energy production while incorporating advanced digital tools to enhance operational reliability and efficiency. This approach positions Olenox to contribute to the broader national objective of reducing reliance on foreign energy sources.
Safe & Green Holdings Corp. operates through its subsidiary Olenox Energy, which focuses on oil and gas exploration and production. The company’s vertically integrated model allows it to control multiple aspects of the production process, from drilling to distribution, thereby increasing operational control and potential profitability.
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