Olenox Initiates 10-Well 2026 Drilling Program, Targets 1,000 BOE/Day
Olenox Industries plans a 2026 drilling program with one well by end of Q1 and three wells in each of Q2, Q3 and Q4, totaling ten wells. It is relicensing its 162-mile pipeline for full operation by end of Q3 2026 while targeting 1,000 barrels of oil equivalent per day.
1. 2026 Drilling Program Details
Olenox has identified well locations and will begin seismic data shoots this month, aiming to drill one well by the end of Q1 2026 and three wells in each of Q2, Q3 and Q4, for a total of ten new wells.
2. Pipeline Relicensing and Recommissioning
The company completed a survey of its 162-mile pipeline and is preparing paperwork to recommission and relicense it, with full functionality expected by the end of Q3 2026.
3. Production Targets and Asset Evaluations
With new drilling rigs and planned acquisitions of wells attached to the pipeline, Olenox is conducting due diligence to support its goal of achieving 1,000 BOE per day by year-end.