Olenox Industries (NASDAQ: OLOX) announced it is moving its previously announced North Texas multi-well oil and natural gas development program into field execution, with seismic work expected to begin the week of Sept. 7, 2026. The company has engaged a seismic services firm and added geological and engineering expertise to evaluate 10 potential drill sites, with fieldwork expected to take approximately two to three weeks.
The resulting subsurface data will be used to rank potential drilling locations and guide the initial drilling phase, with the sites potentially supporting as many as 10 wells over time. Olenox said preliminary geological assessments indicate promising natural gas potential and, if commercially recoverable resources are confirmed, the company intends to evaluate using locally produced natural gas to generate power for its expanding digital-infrastructure operations.
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About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ: OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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