Curated News
By: NewsRamp Editorial Staff
October 20, 2025
Safe & Green Holdings Launches Major Oil & Gas Drilling Program Through Olenox
TLDR
- Safe & Green Holdings' oil drilling expansion through Olenox Corp offers investors strategic advantage with projected 1,000 barrels per day production by 2026.
- Olenox Corp will review drilling sites, complete one project by Q4 2025, then implement expanded drilling through 2026 using new drilling, well revitalization, and acquisitions.
- This energy development supports economic stability while Safe & Green Holdings maintains its commitment to green modular solutions across multiple industries.
- Safe & Green Holdings' subsidiary Olenox Corp is launching oil drilling operations with ambitious production targets while maintaining the company's green construction expertise.
Impact - Why it Matters
This announcement represents a significant strategic pivot for Safe & Green Holdings as it expands beyond its traditional modular construction business into energy development. For investors, this signals potential revenue diversification and growth opportunities in the energy sector, particularly as global energy demands continue to evolve. The company's ambitious production target of 1,000 barrels per day by 2026 could substantially impact its financial performance and market valuation. For the energy industry, this expansion by a publicly-traded company demonstrates continued investment in domestic oil and gas production despite broader market transitions toward renewable energy. The timing coincides with ongoing global energy security concerns and fluctuating oil prices, making this development particularly relevant for energy market watchers and investors seeking exposure to domestic production capacity.
Summary
Safe & Green Holdings (NASDAQ: SGBX), through its wholly owned subsidiary Olenox Corp., has initiated a significant energy development program by reviewing multiple drilling sites across its existing oil and gas leases. As the energy development arm of SGBX, Olenox is positioning itself for substantial growth with plans to complete its first drilling project in the fourth quarter of 2025, followed by an expanded drilling program throughout 2026 and beyond. CEO Michael McLaren outlined ambitious production targets, stating the company aims to reach 1,000 barrels of oil equivalent per day by year-end 2026 through a strategic combination of new drilling operations, revitalization of legacy wellsites, and strategic acquisitions.
Beyond its energy initiatives, Safe & Green Holdings Corp. maintains its core identity as a leading modular solutions company specializing in the development, design, and fabrication of modular structures. The company continues to serve various industries with its safe and green construction solutions, supporting third-party and in-house developers, architects, builders, and owners in achieving faster project execution, environmentally friendly construction practices, and higher-value building outcomes. The news was distributed through the InvestorBrandNetwork's Dynamic Brand Portfolio, which includes InvestorWire as a specialized communications platform providing advanced wire-grade press release syndication and comprehensive corporate communications solutions for both private and public companies seeking to reach investors and broader audiences.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Safe & Green Holdings Launches Major Oil & Gas Drilling Program Through Olenox
