SGBX Subsidiary Olenox to Implement AI Algorithm to Streamline Wellsite Production and Operator Input
Phase 1 of intelligent wellsite monitoring system completed; Phase 2 to launch real-time shareholder dashboard
CONROE, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- via IBN -- (NASDAQ: SGBX), and its wholly owned subsidiary, , a vertically integrated energy company, today announce the completion of Phase 1 of its intelligent wellsite monitoring system, leveraging the company’s Machfu gateway as its core technology. The system is designed to optimize wellsite operations through real-time, bi-directional monitoring and control — reducing lifting costs, site visits, and unnecessary energy consumption.
The AI-powered system utilizes a proprietary algorithm to analyze water-cut percentages and dynamically adjust pumpjack operations. By modulating pump speeds—or temporarily shutting down equipment to allow the reservoir to rebalance and minimize water coning—the platform aims to increase production efficiency while extending equipment life and improving sustainability.
Phase 2 of the project will involve full implementation on one of Olenox’s production pads. As part of this rollout, Olenox plans to launch a read-only webpage on its corporate site, giving shareholders the opportunity to observe the system’s performance in real time.
“This marks a major step forward in merging AI with traditional oilfield operations,” said Michael McLaren, CEO of Olenox Corp. “Our intelligent monitoring platform will help us make smarter, faster decisions at the wellsite—reducing costs, conserving energy, and setting a new standard for efficiency across our operations.”
About Olenox Corp
Olenox Corp is a vertically integrated energy company operating across three synergistic divisions—Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox’s integrated model drives efficiency, increases production, and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators.
About Machfu
Machfu helps companies comply with regulations and meet ESG goals with integrated solutions that let industrial operators focus on their core value and unique IoT needs. Machfu’s signature provides customers with longer-range connectivity to the Machfu based on LoRa technology. The turnkey, fully managed, end-to-end service is flexible, fast to deploy, and cuts operating costs by 50 percent. For more information, visit:
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit and follow us at on Twitter.
Safe Harbor Statement
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