- The project aligns with Olenox’s broader rebrand and shift toward energy-focused support and service technology operations.
- The pipeline is expected to produce both natural gas liquids (“NGLs”) and dry gas.
- NGLs are positioned as a higher-value output sold into midstream blending markets.
- Dry gas sales may also support on-site power generation through containerized systems.
Olenox Industries (NASDAQ: OLOX) has taken another concrete step in repositioning itself as an energy-centered company, announcing that it has begun the process of recommissioning a 162-mile pipeline to operate as a wet gas system. The pipeline, once back in service, is expected to produce both natural gas liquids (“NGLs”) and dry natural gas, expanding the company’s revenue base beyond upstream production alone (https://ibn.fm/BPVQw).
The recommissioning effort begins with a new pipeline survey, which is currently under way and expected to conclude by mid-February. Completion of the survey is a prerequisite for Olenox to apply for reinstatement of the pipeline’s operating license. Once approved, the company plans to bring the…
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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