Olenox Industries (NASDAQ: OLOX), a multifaceted energy company, announced that its well revitalization efforts in the Wichita field are meeting production targets, with 10 wells successfully revitalized since December 2025 and 25 additional wells expected online by the end of the first quarter. The Company deployed a dedicated rig in December and reports stabilized production, with its original target of 70 barrels per day within reach and anticipated to be met or exceeded by month’s end, according to CEO Michael McLaren. Olenox said it plans to bring additional wells into production weekly, continue workover and drilling activities and evaluate more than 6,000 acres for potential acquisitions to further expand output.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://nnw.fm/OLOX
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer