QualityStocksNewsBreaks – Olenox Industries (NASDAQ: OLOX) Begins Recommissioning 162-Mile Wet Gas Pipeline
Olenox Industries (NASDAQ: OLOX) announced it has commenced the process of recommissioning its 162 miles of pipeline as a wet gas system designed to produce both natural gas liquids and dry gas, with NGLs targeted for higher-value midstream blending markets and dry gas sold into open markets and contracts. The Company has begun a new survey, expected to conclude mid-February, after which it plans to apply for license reinstatement and bring the system back online, while also utilizing surplus dry gas as feedstock for containerized generator sets to produce base and peak power for the grid, positioning the pipeline to generate meaningful annual revenue…