Olenox Industries Inc. - Common Stock (OLOX)

Olenox Industries (NASDAQ: OLOX) announced it has commenced the process of recommissioning its 162 miles of pipeline as a wet gas system designed to produce both natural gas liquids and dry gas, with NGLs targeted for higher-value midstream blending markets and dry gas sold into open markets and contracts. The Company has begun a new survey, expected to conclude mid-February, after which it plans to apply for license reinstatement and bring the system back online, while also utilizing surplus dry gas as feedstock for containerized generator sets to produce base and peak power for the grid, positioning the pipeline to generate meaningful annual revenue with additional upside from power generation and NGL sales.

CONROE, Texas, Jan. 27, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox Industries” or the “Company”) is pleased to announce it has commenced the process of recommissioning its 162 miles of pipe as a wet gas pipeline. The recommissioned pipeline will be both a producer of NGLs (Natural Gas Liquids) and dry gas. NGLs are high-value products commonly used in blending lower grade crude through the midstream markets. The dry gas will be sold into the open market and open contracts.