Safe & Green Holdings Expands Oil Production with New Assets

Author: Logan Wright Updated: 05-29-2025 09:30 AM

Safe & Green Holdings Enhances Oil Production Capacity

Safe & Green Holdings Corp. (NASDAQ: SGBX), a prominent developer and fabricator of modular structures, recently announced an exciting addition to their energy portfolio. The company has secured an acquisition involving 1,600 acres of oil wells and leases from Sherman Oil Company and several affiliated entities. This strategic move is set to elevate the company’s standing in the oil and gas industry.

Acquisition Details and Production Estimates

Mike McLaren, the Chairman and CEO of Safe & Green Holdings, expressed his enthusiasm regarding the acquisition, stating, “This acquisition strengthens our portfolio as we aim to evolve into a diversified oil producer while servicing the growing energy sector.” The recently acquired assets are currently yielding approximately 45 barrels of oil daily, which showcases significant potential for increased production.

Out of the 111 new wells added to the Olenox assets through this acquisition, only a fraction is operational, with only around 10% producing oil at the moment. However, Safe & Green Holdings plans to leverage its Olenox technology which specializes in well revitalization techniques. The company anticipates that by undertaking a series of cleanouts and wellbores restimulations, production can surge to over 75 barrels per day in the upcoming months.

Commitment to Sustainable Growth

By focusing on production enhancement, Safe & Green Holdings aims to contribute toward a sustainable energy future while enhancing returns for its investors. The company is dedicated to pursuing opportunities that not only serve business interests but also align with innovative energy practices.

As a leader in providing modular solutions across different sectors, Safe & Green Holdings integrates environmental consciousness into its architecture and structural solutions. By cooperating with architects and developers, the firm ensures the delivery of projects that adhere to green building standards, thus promoting a sustainable construction paradigm.

About Safe & Green Holdings Corp.

Safe & Green Holdings Corp. operates primarily in modular solutions, focusing on the development and fabrication of structures that meet a variety of demands across industries. The company’s mission is to provide safe, sustainable, and efficient solutions, enhancing the value of projects undertaken by third-party and in-house developers alike.

For anyone wishing to learn more about the company or follow its updates, Safe & Green Holdings has a dedicated Twitter handle (@SGHcorp) and an informative website. The commitment to transparency and communication with stakeholders remains a priority as the company grows and adapts in a competitive marketplace.

Frequently Asked Questions

What recent acquisition did Safe & Green Holdings make?

Safe & Green Holdings acquired 1,600 acres of oil wells and leases from Sherman Oil Company and other affiliates.

How much oil are the newly acquired assets producing?

The newly acquired assets are currently producing an average of 45 barrels of oil per day.

What is Safe & Green Holdings' goal with this acquisition?

The company aims to strengthen its portfolio in the oil and gas sector and ramp up production using its advanced Olenox technology.

How can investors learn more about the company?

Investors can visit the company’s website and follow Safe & Green Holdings on Twitter for the latest updates.

What are the future production expectations?

Safe & Green Holdings anticipates increasing production to over 75 barrels of oil per day within the next four months.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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