Olenox Industries Advances North Texas Multi-Well Program to Field Execution

Olenox Industries (NASDAQ: OLOX) announced that its previously announced multi-well oil and natural gas development program in North Texas is now moving into field execution, with seismic work scheduled 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. The sites could potentially support as many as 10 wells over time, according to the company. Preliminary geological assessments indicate promising natural gas potential. If commercially recoverable resources are confirmed, Olenox intends to evaluate using locally produced natural gas to generate power for its expanding digital-infrastructure operations.

This move underscores a strategic integration of Olenox's energy production with its technology infrastructure ambitions. By potentially powering digital operations with its own natural gas, the company could achieve greater energy independence and cost stability, which is particularly relevant as energy demands for data centers and other digital infrastructure continue to rise.

The company's focus on vertically integrated energy operations, spanning oil and gas, energy services, and energy technologies, positions it to capitalize on synergies between its business lines. This development is a significant step in executing its growth strategy in key U.S. markets.

For more information, visit the full press release at https://ibn.fm/ybeXg. The latest news and updates relating to OLOX are available in the company's newsroom at https://ibn.fm/OLOX.