Olenox Launches Drilling Review to Support Safe & Green Holdings' 2026 Production Targets

Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced that its wholly owned subsidiary Olenox Corp. has commenced reviewing multiple drilling sites across its existing oil and gas leases. This strategic initiative represents a significant step in Olenox's development as the energy arm of Safe & Green Holdings, with the company planning to complete its first drilling project in the fourth quarter of 2025.

The drilling review process marks the beginning of an expanded drilling program that Olenox intends to implement throughout 2026 and beyond. According to CEO Michael McLaren, the company has established an ambitious production target of reaching 1,000 barrels of oil equivalent per day by the conclusion of 2026. This production goal will be achieved through a multi-faceted approach combining new drilling operations, revitalization of legacy wellsites, and strategic acquisitions.

The announcement signals Safe & Green Holdings' continued commitment to expanding its energy portfolio through Olenox, which serves as the company's dedicated energy development subsidiary. The timing of this initiative comes as global energy markets continue to evolve, with companies seeking to balance production growth with environmental considerations. The full details of this strategic move are available in the company's official press release at https://ibn.fm/t1QTs.

For investors and industry observers, this development represents a concrete step toward measurable production growth targets. The 2026 production goal of 1,000 barrels of oil equivalent per day provides a clear benchmark against which the company's progress can be measured in the coming years. The combination of new drilling, legacy site revitalization, and acquisitions suggests a comprehensive strategy that leverages multiple pathways to production growth.

The energy sector continues to monitor companies that can demonstrate clear production roadmaps while maintaining operational efficiency. Olenox's approach of reviewing existing leases before committing to drilling operations indicates a methodical strategy aimed at optimizing resource allocation and minimizing exploratory risks. This careful planning phase could position the company for more successful drilling outcomes when operations commence in late 2025.

Market participants seeking ongoing updates regarding Safe & Green Holdings' developments can access the company's newsroom at https://ibn.fm/SGBX. The broader implications of this announcement extend to the energy investment landscape, where companies with clear production timelines and diversified approaches to resource development often attract particular attention from investors looking for growth opportunities in the sector.