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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Calgary-based energy company Xfuels relocates to Texas

March 31, 2022 by Sarrah Barton

Calgary-based Xfuels said last week it is relocating to Texas to help the company expand in the U.S.  Xfuels is a diversified energy company with three vertically integrated businesses acquired in a merger with Cycle Energy Industries.  Texas subsidiary Cycle Oil and Gas acquires and optimizes underdeveloped upstream assets, holds royalty and non-operated positions, and currently produces about 110 barrels of oil per day.  Cycle Energy Services provides well services and end-of-life reclamation, and Cycle Energy Technologies provides research and technology to increase production.

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