Borden
Oilfield
Howard
Oilfield
Hoople
Oilfield
The Company’s core business covers the exploration, development and sale of crude oil and natural gas, with all its petroleum and gas assets located in the Permian Basin of Texas, the United States. In 2014, the Company rolled out a new development strategy and successively acquired conventional oilfields in Crosby County as well as shale oil and gas assets in Howard and Borden County, Texas. In 2025, the Company hit an all-time high in hydrocarbon output, registering annual production of 23.51 million barrels of oil equivalent (BOE).
The Company’s operational and governance performance has earned widespread industry recognition. Led by Citibank N.A., an international banking syndicate continues to provide the Company with ample revolving credit facilities. In 2025, its U.S.-based subsidiary received the President’s Volunteer Service Award (PVSA) and was ranked 7th among America’s top private operators by Oil & Gas Investor. The Company has evolved into a mid-to-large independent oil and gas producer operating in the United States.
Oilfield
Oilfield
Oilfield
The company focuses on tapping the potential of existing assets and acquiring external assets to strengthen its sustainable development capabilities. The team screens transaction targets in North America and other regions through multiple channels; after comprehensive economic evaluation and commercial negotiations, it advances due diligence and compliance approval to ensure the successful closing of transactions.
The company coordinates business elements and internal & external stakeholders, and establishes a forecasting and planning mechanism to ensure goal achievement. It deeply cultivates the entire U.S. oil and gas industry chain, implements hedging strategies, achieves stable operations through cross-departmental collaboration, and strictly complies with both Chinese and U.S. accounting standards in financial work.
The company engages professional teams to conduct land and reservoir management: it relies on legal professionals to ensure leasing compliance and equity payment; collaborates with geological and engineering experts to advance oilfield development; and determines the optimal development plan for oil and gas reserves based on technical, operational and economic analyses.
The company focuses on drilling efficiency, safe operation and cost control. It sets up a professional team to carry out drilling and production operations, selects optimal partners and innovates technologies to improve efficiency. On the production side, it continuously optimizes daily output, strictly complies with environmental protection laws and regulations, and achieves a win-win situation of benefits and compliance.
Xinchao Energy focuses on the development of overseas markets, with its primary layout located in Texas, the United States.
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