Xinchao Energy’s main business is oil and natural gas exploration, development, and sales. Its oil and gas assets are all located in the Permian Basin, Texas, United States. In 2014, the company launched a new development strategy and successively acquired conventional oil fields in Crosby County, Texas, and shale oil and gas assets in Howard and Borden Counties. In 2025, the company’s oil and gas production reached a new record high, with annual production of 23.51 million barrels of oil equivalent.
Xinchao Energy’s operation and management have been widely recognized by the industry. The international banking consortium led by Citibank of the United States continues to grant the company sufficient revolving credit facilities. In 2025, the U.S. subsidiary was awarded the President’s Volunteer Service Award (PVSA) and ranked 7th among the top private oil operators in the United States selected by Oil & Gas Investor magazine. The company has become one of the medium and large independent oil and gas development companies in the United States.
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Xinchao Energy has always adhered to the development philosophy of "Innovation, Coordination, Green Development, Opening-up and Sharing", and persisted in the development approach of "Internationalization, Specialization and Marketization". It follows the talent selection criteria of "Morality, Insight, Competence and Learning" to build a management team centered on professional talents. The company is committed to creating harmonious win-win outcomes among energy, the environment and business, achieving scaled, efficient and sustainable development, and contributing to a better life for humanity.
Going forward, Xinchao Energy will continue to deepen its core business, focus on operations, implement scientific planning, prioritize strategic layout, strengthen management and strictly control risks. It will actively fulfill its social responsibilities, strive to deliver more outstanding performance, and maximize returns to shareholders, employees and society.
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