Olenox Industries Inc. - Common Stock (OLOX)

Olenox Industries Inc. (NASDAQ: OLOX) on Thursday announced its execution of a non-binding letter of intent to acquire the midstream business and transportation assets of CPE Gathering MidCon LLC from Vivakor Inc. (OTC: VIVK), including the Omega pipeline system serving the Oklahoma STACK play. The proposed transaction is valued at approximately $36 million and is structured as a combination of cash, promissory note, and common and preferred stock, based on $4.56 million in annual EBITDA supported by a take-or-pay guarantee from Vivakor. According to the company, CPE Gathering operates an on-basin crude-oil gathering, transportation, terminaling, and pipeline connectivity platform in Oklahoma, and the acquisition would align with Olenox’s acquire-and-integrate strategy by expanding its midstream footprint and fee-based infrastructure. The parties are working toward definitive agreements with a targeted closing on or before March 31, 2026, subject to customary closing conditions.

CONROE, Texas, Jan. 29, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) ("Olenox Industries" or the "Company"), today announced that it has executed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC ("CPE Gathering") from Vivakor, Inc. (OTC: VIVK), owner and operator of the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling and pipeline connection platform serving the Oklahoma STACK play.  

Olenox Industries (NASDAQ: OLOX) (formerly Safe & Green Holdings Corp.) has formally adopted the Olenox name, marking the latest step in a broader effort to reposition the company as an energy-centered business operation. Announced from Conroe, Texas, the rebrand reflects management’s view that the company’s legacy identity no longer matched its evolving asset base and strategic priorities ( https://ibn.fm/SU767 ).

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.