Olenox Industries Kicks Off 2026 with 10-Well Drilling Program
Olenox Industries Inc. (OLOX)
Company Research
Source: GlobeNewswire
CONROE, Texas, March 03, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox” or the “Company”), a multifaceted energy company, is pleased to announce its 2026 drilling program is underway with the identification of well locations and plans to begin shooting seismic data this month. Olenox’s plans include drilling one well by the end of the current calendar quarter, followed by drilling three wells in each of the second, third and fourth calendar quarters of 2026. “We believe that due to the positive trends in oil prices, the time to kick off our drilling program is now,” said Olenox CEO Michael McLaren, noting the Company is continuing its efforts to bring wells online on a weekly basis through workovers and lease enhancements. Olenox has finished its pipeline survey and is currently preparing the necessary paperwork to recommission and relicense its 162-mile pipeline, bringing it fully online. McLaren said he expects the pipe to be fully functionab
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