Olenox Expands Energy Platform With Completion of Wildboy and Odin Acquisitions, Advancing Gas-to-Power-to-Compute Strategy
Key Highlights
- ➤Olenox completed $21.7 million acquisitions of Wildboy Holdings and IPD Industries.
- ➤Wildboy assets include 56.8 Bcf proved developed gas reserves and 144 MMcf/day processing capacity.
- ➤IPD platform holds a 100 MW self-generator registration near Pecos, Texas.
- ➤Acquisitions advance Olenox’s gas-to-power-to-compute strategy for AI, data centers and digital assets.
- ➤Consideration was almost entirely Series F preferred stock, limiting near-term cash use.
Expert Statements
Michael McLaren, Chairman and Chief Executive Officer of Olenox
“Power is becoming one of the defining constraints on the growth of artificial intelligence and digital infrastructure. With these acquisitions, we are building a platform that starts with the energy itself.”
Michael McLaren, Chairman and Chief Executive Officer of Olenox
“Wildboy gives us control of natural gas resources, and IPD gives us a registered foundation for developing power generation in West Texas. Together, they position us to capture more value across the chain -- from gas to electricity to computing.”
Michael McLaren, Chairman and Chief Executive Officer of Olenox
“The acquisition economics and limited upfront cash requirement allow us to accelerate the vision we presented to our board in May. This closing moves us from assembling the platform to executing on it.”
CONROE, TX / ACCESS Newswire / October 20, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company") today announced that it has completed the acquisition of 100% of the issued and outstanding capital stock of Wildboy Holdings, Ltd. ("Wildboy Holdings") and IPD Industries, Inc. ("IPD"), bringing together natural gas resources and processing infrastructure in British Columbia with a power-development platform near the Waha Hub in West Texas.
Wildboy Holdings was acquired from Wildboy Industries, Ltd., and IPD was acquired from Odin International, Inc. The acquisitions advance Olenox's strategy to build an integrated gas-to-power-to-compute platform, connecting natural gas resources with electricity generation and higher-value applications, including artificial intelligence, data centers and digital-asset operations such as the Company's CS Digital business.
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