Safe & Green Holdings (SGBX) said Tuesday that its Olenox Corp. unit has acquired a 51% stake in Winchester Oil and Gas LLC, which operates more than 500 wells in Texas with leases centered in Milam and Parker counties.
Winchester also holds a $250,000 bond, which allows Olenox unlimited well licenses in Texas, the company said.
Financial terms of the deal were not disclosed.
Safe & Green, through Olenox, plans to operate the existing wells and perform reactivation, for which it expects 30% to 40% to be complete and creating production in the second quarter of 2025, the company said.
Price: 0.37, Change: +0.01, Percent Change: +2.08
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。