Safe & Green Unit Olenox Acquires 51% Stake in Winchester Oil and Gas

MT Newswires Live

Apr 08, 2025

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

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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.</p><p>Winchester also holds a $250,000 bond, which allows Olenox unlimited well licenses in Texas, the company said.</p><p>Financial terms of the deal were not disclosed.</p><p>Safe &amp; 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.</p><p>Price: 0.37, Change: +0.01, Percent Change: +2.08</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2525194018","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2525194018","pubTimestamp":1744122987,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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