GlobeNewswire · May 2026
Chord Energy and Olive Tree Capital backed MaverickX in a strategic capital round to accelerate PetroX Boost commercialization and field deployments.
Engineering the future of chemistry for natural resource extraction
Public company, workplace, funding, and market signals
MaverickX, formerly Maverick Bioworks, is a 2022-founded Austin-based specialty chemical company developing precision chemistry for resource extraction across oil & gas, mining & metals, and water treatment.
Primary product
PetroX oilfield chemistry platform
Founded
2022
Headquarters
Austin, Texas, United States
Team size
20-30
Work style
Onsite
Industry
Chemical Manufacturing
Sub-industry
Specialty chemicals for resource extraction
Offices
Business model
Stage
Generating revenue
Total raised
$54.6M
Latest round
Unattributed VC - II · May 2026
Latest amount
$7.5M
Leadership
CEO and Co-Founder
Co-Founder and COO
Calvin Heffes
Director of Growth
Javier Herrera
VP, Oil and Gas
David Rincon
Head of Biological Research
Matthew Scott Fontenot
Head of Sales
Jason Swaren
Member Board of Directors
Investors
Mission-driven, technical, and fast-scaling; public messaging emphasizes safer chemistry, field deployment with operators, and modernizing resource extraction.
Work style
Onsite
Pricing
B2B product sales and strategic pilot/field deployment agreements
Differentiators
Technology
Customers
Competitors
GlobeNewswire · May 2026
Chord Energy and Olive Tree Capital backed MaverickX in a strategic capital round to accelerate PetroX Boost commercialization and field deployments.
Austin American-Statesman · Apr 2026
Local coverage of MaverickX's Pleasanton facility, demand growth, and plans to expand production capacity in Texas.
GlobeNewswire · Apr 2026
MaverickX opened a 10,000-square-foot Pleasanton production facility, began operations in January 2026, and said demand for PetroX is accelerating.
GlobeNewswire · Jan 2026
The Fowler 1 trial in South Texas restored production in a previously non-commercial well and supported the company's critical-metals extraction roadmap.
Forbes · Dec 2025
Forbes profiled Eric Herrera as a 30 Under 30 Energy & Green Tech honoree and described the origin story behind MaverickX.