Safe & Green Holdings (NASDAQ: SGBX), through its wholly owned subsidiary Olenox Corp., announced that Olenox has begun reviewing several drilling sites across its existing oil and gas leases. As the energy development arm of SGBX, Olenox plans to complete one drilling project in the fourth quarter of 2025 and implement an expanded drilling program through 2026 and beyond. CEO Michael McLaren said the company aims to reach 1,000 barrels of oil equivalent per day by year-end 2026 through a combination of new drilling, legacy wellsite revitalization, and acquisitions.
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About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
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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