Safe and Green Holdings Acquires 1,600 Acres of Oil Wells and Oil Leases

Core Insights - Safe & Green Holdings Corp. has acquired assets from Sherman Oil Company, LLC, which includes 1,600 acres of oil wells and leases, significantly expanding its oil production holdings [1][2] - The newly acquired assets are producing an average of 45 barrels of oil per day, and the company plans to increase production to over 75 barrels per day within four months using its Olenox technology [1][2] Company Overview - Safe & Green Holdings Corp. is a leading developer, designer, and fabricator of modular structures, focusing on sustainable modular innovation across various industries [3] - The company aims to provide faster execution, greener construction, and higher value buildings, supporting both third-party and in-house developers, architects, builders, and owners [3]