FAQ: Olenox Drilling Review and Safe & Green Holdings' 2026 Production Goals

What is the main announcement from Safe & Green Holdings?

Safe & Green Holdings announced that its wholly owned subsidiary Olenox Corp. has begun reviewing several drilling sites across its existing oil and gas leases to drive production goals.

What are Olenox’s specific production targets and timeline?

Olenox aims to reach 1,000 barrels of oil equivalent per day by year-end 2026 through a combination of new drilling, legacy wellsite revitalization, and acquisitions.

When does Olenox plan to complete its first drilling project?

Olenox plans to complete one drilling project in the fourth quarter of 2025, with an expanded drilling program continuing through 2026 and beyond.

What is Olenox’s role within Safe & Green Holdings?

Olenox serves as the energy development arm of Safe & Green Holdings Corp., focusing on oil and gas development activities.

What is Safe & Green Holdings’ primary business outside of energy development?

Safe & Green Holdings is primarily a modular solutions company that develops, designs, and fabricates modular structures for various industries, providing safe and green construction solutions.

Where is Olenox conducting its drilling site reviews?

Olenox is reviewing drilling sites across its existing oil and gas leases, though specific locations are not detailed in the announcement.

Who is leading this initiative at Safe & Green Holdings?

CEO Michael McLaren is leading the initiative and stated the company’s production goals for 2026.

How can investors access more information about Safe & Green Holdings?

Investors can find the latest news and updates relating to SGBX in the company’s newsroom at https://ibn.fm/SGBX.

What three methods will Olenox use to achieve its production goals?

Olenox will use a combination of new drilling projects, revitalization of legacy wellsites, and strategic acquisitions to reach its 2026 production target.

What is InvestorWire’s role in this announcement?

InvestorWire is the specialized communications platform that distributed this press release, providing wire-grade syndication and corporate communications services as part of the IBN brand portfolio.