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MaverickX secures strategic investment from Chord Energy to advance PetroX Boost for better shale oil recovery

Company Fundamentals
20 May 2026
GlobeNewsWire
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Bullish
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MaverickX has closed a strategic funding round with Chord Energy and Olive Tree Capital to support the development and deployment of its PetroX Boost technology, which enhances oil recovery from shale wells. Chord Energy will deploy PetroX Boost across its assets to address low shale recovery rates by improving hydrocarbon mobility and reservoir performance. Early tests show up to a 20% increase in recovery factors, offering potential for higher returns in mature shale plays. This partnership also provides MaverickX with operational collaboration and data to accelerate commercialization and product optimization.

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