Texas biotech develops PetroX Boost, a production enhancement solution intended to increase oil recovery from shale wells. The company is advancing development of that technology and has just raised $7.5 million to support those efforts. The recent financing was led by a major Bakken operator; the article did not name other investors or detail the capital structure. There are no reported revenue, user, or production metrics in the announcement. The company’s near-term plan, as stated, is to apply the new funds toward continued product development of PetroX Boost.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

May 2026