Olenox Revitalizes 10 Wells, Targets 70 Barrels/Day and Plans 25 More by Q1
Olenox revitalized 10 wells since December 2025 and expects 25 more online by end of the first quarter, with its dedicated Wichita field rig stabilizing production toward the 70 barrels-per-day target. The company plans to bring new wells online weekly and is evaluating over 6,000 acres for potential acquisitions.
1. Well Revitalization Success
Since December 2025, Olenox has successfully revitalized 10 wells in its Wichita field, restoring production and validating its workover strategy. The company forecasts bringing 25 additional wells online by the end of the first quarter, reinforcing its focus on boosting operational output.
2. Production Targets and Rig Deployment
In December 2025, Olenox deployed a dedicated rig in the Wichita field, which has stabilized output and positioned the company to reach its 70 barrels-per-day production target. Management plans to add new wells on a weekly basis and aims to hit or exceed the daily output goal by month-end.
3. Acquisition and Expansion Plans
Olenox is evaluating more than 6,000 acres of prospective acreage for potential acquisitions to expand drilling and workover opportunities. This land review supports the company’s strategy to scale production capacity and diversify its asset base across industrial and energy markets.