Olenox Industries Inc. said its 2026 drilling program is underway, with well locations identified and plans to begin shooting seismic data in March. The company plans to drill one well by the end of the current calendar quarter, followed by three wells in each of the second, third and fourth quarters of 2026, for a total of 10 wells. Olenox also reported it has completed a survey of its 162-mile pipeline and is preparing paperwork to recommission and relicense the line, with expectations for it to be fully functional by the end of the third quarter of 2026. The company said it is evaluating wells connected to the pipeline as potential acquisitions and is conducting due diligence, and reiterated a target of reaching 1,000 BOE per day by year-end.

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