- The company is targeting a production goal of 1,000 barrels of oil equivalent (“BOE”) per day by year-end 2026, and continues to evaluate drilling sites across its Texas, Oklahoma, and Kansas leases.
- Its vertically integrated operations leverage AI-enabled wellsite monitoring, while collaboration with OneQode ensures secure, real-time data flow for production optimization.
- Recent partnerships and infrastructure upgrades align with U.S. energy independence goals and digital resilience.
Safe & Green Holdings (NASDAQ: SGBX) has announced that its wholly owned subsidiary, Olenox Energy Corp., a vertically integrated energy company, 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 and to expand the campaign into a broader development schedule in 2026.
“While we are still bringing on legacy production on our leases, the company is committed to generate new production through an aggressive drilling program to meet our internal goal of 1,000 BOE a day by the end of 2026,” said Michael McLaren, CEO of Olenox Corp., in a recent announcement (https://ibn.fm/RTNKS).
The company’s approach combines the revitalization of existing wellsites with new drilling and targeted acquisitions. “Through legacy wellsite revitalization, drilling and acquisitions, the company will push to meet or exceed these targets by year-end 2026,” McLaren said.
Olenox operates through three complementary divisions: Oil and Gas, Oilfield Services , and Technologies. This integration allows the company to manage the full lifecycle of its operations, from field production to service support and advanced recovery techniques.
The company’s Technologies unit utilizes proprietary plasma pulse and ultrasonic cleaning tools to enhance wellbore productivity. These systems enable Olenox to recondition underperforming wells, extend equipment lifespan, and reduce the environmental footprint of its operations.
Supporting its drilling and production efforts is Olenox’s ongoing collaboration with OneQode, a global technology firm specializing in high-performance network infrastructure. The two companies are working under an Open Collaborative Framework (“OCF”) to modernize Olenox’s digital backbone and field communication systems.
The partnership is even more relevant, following a recent global Amazon Web Services (“AWS”) outage that disrupted major online platforms and exposed vulnerabilities in legacy internet infrastructure. In response, Olenox announced that it was deploying OneQode’s high-reliability network to ensure consistent two-way communication between remote wellsites and control centers (https://ibn.fm/gFpaq).
“It is critical to Olenox that data collection and two-way communication in the field is reliable, providing us with the ability to perform at maximum efficiency with little downtime while also meeting environmental commitments,” McLaren said. “If critical data, such as sour well leak detection or spills, is not sent or received on time, that can cause thousands of hours lost and possible environmental issues.”
OneQode’s CEO, Matt Shearing, noted that most existing cloud infrastructure was built on technology over 25 years old. “This outage was no surprise for us. AWS and other infrastructure companies have been building for decades without any substantial changes to their underlying foundation … This is why we’ve designed our platform to be fundamentally different,” Shearing said in a joint statement highlighting OneQode’s focus on performance, sovereignty, and digital resilience.
The OCF partnership is initially focusing on integrating OneQode’s digital infrastructure with Olenox’s operational technology to enhance automation, production monitoring, and environmental performance. This aligns with Olenox’s deployment of AI-based monitoring systems, supported by Machfu’s Edge to Enterprise(R) platform, to provide real-time visibility into wellsite conditions. These systems can autonomously adjust pumpjack operations, reduce lifting costs, and minimize downtime.
The integration of these technologies strengthens Olenox’s environmental, social, and governance (“ESG”) framework. By automating well control and minimizing human error, the company aims to reduce emissions and waste while improving overall energy efficiency.
The renewed drilling strategy coincides with a period of increasing focus on U.S. energy independence. Domestic producers have been incentivized to scale output amid fluctuating global oil markets and ongoing geopolitical uncertainty. Olenox’s portfolio strategy, acquiring and optimizing underdeveloped oil and gas assets, fits into this context. The company targets properties with established infrastructure and overlooked potential, enabling rapid production ramp-up with comparatively low capital expenditure.
“With oil production picking up and the refocusing of our manufacturing on container builds, we look forward to a stellar 2026 for SGBX and its subsidiaries,” McLaren said.
For more information, visit the company’s website at www.SafeandGreenHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX
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