Safe & Green Holdings Expands Texas Energy Operations Through Olenox Acquisition
TL;DR
Safe & Green Holdings gains strategic advantage through Olenox's oil production of 55 barrels daily and operational consolidation with SG Echo in Texas.
Safe & Green Holdings acquired 111 wells across 1,600 acres through Olenox, now producing 55 barrels daily with planned restimulations to increase output.
Safe & Green Holdings advances energy initiatives while promoting greener construction solutions, creating sustainable value across multiple industries and communities.
Safe & Green Holdings revitalizes underutilized oil assets through Olenox while consolidating modular manufacturing operations in a shared Texas facility.
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Safe & Green Holdings Corp. (NASDAQ: SGBX) has engaged IBN to strengthen its corporate communications strategy as the diversified holding company expands its energy operations through subsidiary Olenox Corp. The strategic engagement comes during a period of significant operational expansion for the company, particularly in Texas energy markets.
Olenox Corp., the company's energy subsidiary, is focused on acquiring and revitalizing underutilized oil and gas assets. Following the May 2025 acquisition of 111 wells across 1,600 acres from Sherman Oil & Gas and affiliates, Olenox has mobilized operations in Texas and achieved production levels of 55 barrels per day. Additional production increases are expected from well restimulations as the company continues to optimize its newly acquired assets.
The partnership with IBN, part of the Dynamic Brand Portfolio that includes NetworkNewsWire, aims to enhance corporate visibility and communication during this growth period. IBN's comprehensive services include access to wire solutions via InvestorWire, article syndication to thousands of outlets, and enhanced press release distribution. The company's latest news and updates relating to SGBX are available in the corporate newsroom at NetworkNewsWire.
Complementing Olenox's energy operations, Safe & Green's modular manufacturing arm, SG Echo, is consolidating operations into a new Texas facility shared with Olenox. This co-location strategy is designed to streamline logistics and strengthen operational efficiency across both business units. The integration of energy operations with modular manufacturing capabilities represents a strategic approach to resource optimization and operational synergy.
The engagement with IBN provides Safe & Green Holdings with access to a broad distribution network and specialized financial communications expertise during a critical expansion phase. As the company continues to develop its energy portfolio through Olenox while maintaining its core modular manufacturing capabilities through SG Echo, effective corporate communications become increasingly important for investor relations and market positioning. This strategic move underscores the company's commitment to transparent communication with stakeholders during periods of operational growth and asset optimization.
Curated from InvestorBrandNetwork (IBN)
